access to your money from Aus.
 

How and what is the easiest way to access you money from a UK account when you arrive in Aus...??

Can you leave the money in the UK and give your bank instructions that you will be accessing and transferring it from/to Aus.??

i.e. deposit your house sale money in the UK bank then transfer it to your new Aus. bank when you open an account..??

:confused: :confused:

Re: access to your money from Aus.
 

XE.com is one of the best places to transfer large sums of money, it's a pain in the arse setting up ,but plenty of people are happy with the results.....there's also hifx.com

Re: access to your money from Aus.
 

Do you really save loads of money using these guys or is it just easier to use your own bank.. :D

Re: access to your money from Aus.
 

You might make an extra couple of cents to the pound. If you transfer £10000GBP then you're looking at getting extra AU$200. Not much but consider that over 100,000 and then your looking at $2000.

My UK bank offered the worst rate out of all the options, commonwealth migrant banking next and lastly the highest was offered by the brokers such as Hifx.

However - may I suggest that you consider www.tranzfers.com - the rates a very very good and you can transfer for the money via internet banking with your uk bank, do the transfer on line montoring rates etc and generally sit back whilst the money goes into your australian account. You can do small amounts as well as large.

Generally well regarded on this board I think and I have just uesd them and they gave me a much better rate than commonwealth.

Hope that helps.

Re: access to your money from Aus.
 

xe offer great rates and there's no hidden fee's, so in the end you make a fair saving, there's a rather good thread about xe in the US forum at the mo if you want more info on them.

http://britishexpats.com/forum/showthread.php?t=331972

Re: access to your money from Aus.
 

We arranged a power of attorney (my mum) who could basically do anything with our account. We had a bond that was not due to mature until after emigarting so she did that for us when we were here.

The one big thing we found was how much the exchange rate affected the transer. We explored the net and checked out the exchange rate for the last 5 years. We were doing to leave money in the Uk for a good 6 months but decided to bring it sooner. Turned out to be a good move as moving the money earlier gave us an extra $30k or something which paid for 2 cars.

You can register with stock market dealers who, once you decide to use them, just take a nominal fee - a few hundred quid - then call you with an 'offered' exchange rate and ask if you want to do it that day or not. It's all a bit nerve wracking and a bit like gambling but worth doing.

We found this out by reading an article in Sunday Mail - Money Mail and it listed Top 10 international money movers. Can't even remember who we used but once we had done research, it was easy. The hard part was deciding which hour of which day to do the transaction. No wonder these boys get paid silly money. we dilly dallied for 2 weeks and it was all worth it in the end.

Good luck
Sarah

Re: access to your money from Aus.
 

I wouldn't call a couple of hundred quid a nominal fee :scared:

Re: access to your money from Aus.
 

I've heard HSBC is good as you can keep your money in GBP until the exchange rate improves, or just transfer it over bit by bit if required :)

Re: access to your money from Aus.
 

Have a look at www.oz-pay.com

They offer good rates, fast transfers and its easy to do.