bhysfan

hi guys
i currently live in scotland.but my duaghter just emigrated to aus.is there a limit to how much cash i can send over to her.
thanks

AshyB

nope - i'm willing to take over as much as you'd like

seriously though - do you mean via a bank transfer?
if so - i don't think there is any limit...

take a look at specialist foreign exchange companies (HiFX, Ozforex etc) for better rates than banks (most of the time)

bhysfan

wow,that was quick.thanks for the advice

UK-2-OZ

There are a few of us on here use Moneygram you send the money from the UK and ten minutes later you can collect it from any of their branches. Our friends just did this yesterday they transfered $4000. Other places will probably have cheaper fees but it is great to use if the money is needed the same day.

ray2gill

I think you will find that anti money laundering laws prohibit the transfer of more than £10,000 or $ per day.

We have just had to make several daily transfers of $10,000 within OZ due to this problem, to buy a new car.

ray2gill

Do you mean cash as in paper money or electronic transfers?

bhysfan

it was for a deposit on a house that she is buying,so as long as i send money over once a month is this acceptable.

slipshot

We transferred a chunk of about $80,000 when we bought a house in Aus (but while living in the UK where we still are) and that had no problems at all. That was three years ago. No one questioned it...

bhysfan

so it looks as if i would not be breaking any aussie laws if i did this.thanks for all the help guys this site looks as thou its going to be a god send to me.all prompt replies and all making good points.thanks

calNgary

Hi we use currencymatters after set up you can send money around the world at no cost takes about 7 days to arrive,they will advise you on what amount to send gary

louie

Your bank might have rules about how much they allow to transfer at a time, but there's no blanket ban on transferring more than $10,000. Possibly (I'm guessing) that might apply if you are doing it online rather than turning up at the bank in person with appropriate identity. Certainly we had no problem transferring £350,000 in one lump last year.

The Bloke

No ban, but you will have to declare it, otherwise Customs, AFP and the ATO, might get a little interested in where it come from and where it's going.

louie

Declare it to whom? And why? Surely most immigrants transfer over varying amounts at some stage; ours was to buy a flat and was purely a capital lump sum. I can't see why that would be of interest to anyone in officialdom....

The Bloke

Banks have been required to report large transactions for years. It is to determine whether or not the funds are the proceeds of crime, ie drugs, money-laundering, tax evasion etc. If you have nothing to hide, no problem.

pumpkin blossom

My UK bank lets me transfer £10k a day online, but if I go in, or phone up I can transfer as much as I like! Infact thinking about it, just 7 months ago we transfered £35k without any problems, or having to declare it to anyone.