Given dismal exchange rates
#1
BE Enthusiast
Thread Starter
Joined: Jul 2005
Location: Darwin, NT
Posts: 380
Given dismal exchange rates
Does anyone have any suggestions re banking - if I wanted to close my UK a/c but keep some money in sterling?
Nationwide now charging for debit card withdrawals so any suggestions would be great.
Thanks
Nationwide now charging for debit card withdrawals so any suggestions would be great.
Thanks
#2
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Given dismal exchange rates
Not sure exactly what you want to acheive but my banking with LloydsTSB in the U.K. is still free. Not sure about new customers though and there is talk of bank charges coming back in.
#3
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Thread Starter
Joined: Jul 2005
Location: Darwin, NT
Posts: 380
Re: Given dismal exchange rates
Several years ago some friends of mine moved from Oz to Ireland and the exchange rate for them was dismal so they were able to keep their dollars in dollars until rate improved so was just wondering if there was a way of doing that in Oz?
#4
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Given dismal exchange rates
I'm sure there will be. Regretably, I can't answer it but I'm sure there's someone on here who can.
#5
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Joined: Dec 2002
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Re: Given dismal exchange rates
Why close the account? Leave the money in the UK and don't move it till you need to.
#7
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#8
Re: Given dismal exchange rates
We have an NAB Stirling and AUD account all here in Oz to get around that issue with poor rates
#12
Forum Regular
Joined: Feb 2009
Posts: 86
Re: Given dismal exchange rates
How about this Stirling account in NAB, do you just move your sterling to the account in Oz? How much interest will you get for that in Oz if you put your money in the high savers account in the bank, or even term deposit.
regards
wijaya
#14
Re: Given dismal exchange rates
By the way, I closed my NAB USD and GBP accounts and instead opened them up with the commonwealth since they are absolutely no fee. They offer 0% interest or near to it as well of course. But free is free and I hold no other accounts with them.