Moving Money from UK
May 1st 2007, 10:06 am
#1
What am I doing??!!
Thread Starter
Joined: Apr 2007
Location: *Was Ipswich, Suffolk* -- *Now Berwick, Melbourne*
Posts: 96
Moving Money from UK
we have sold our house and as well as the equity of that have some money to move over to oz.
what's the best way to do this and does anyone have any general advise?
thanks
what's the best way to do this and does anyone have any general advise?
thanks
May 1st 2007, 10:21 am
#2
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Location: Bocas del Toro
Posts: 700
Re: Moving Money from UK
Good luck,
Sambo
May 3rd 2007, 1:51 pm
#3
Forum Regular
Joined: Sep 2006
Location: Ellenbrook, Perth
Posts: 226
Re: Moving Money from UK
Called them a couple of times and they couldnt have been more helpful...
Good luck.
May 3rd 2007, 4:03 pm
#4
Cath
Joined: Nov 2005
Location: Perth
Posts: 2
Re: Moving Money from UK
Hi
We recently transferred our hard earned cash from the UK to Australia with HIFX. They were fantastic and the whole process was so easy, also they didn't charge anything at all. The only charges we received were 20 pounds from Barclays for a same day transfer and the receiving bank (Bankwest) charged us $10.
Cath
We recently transferred our hard earned cash from the UK to Australia with HIFX. They were fantastic and the whole process was so easy, also they didn't charge anything at all. The only charges we received were 20 pounds from Barclays for a same day transfer and the receiving bank (Bankwest) charged us $10.
Cath
May 3rd 2007, 4:17 pm
#5
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Re: Moving Money from UK
May 3rd 2007, 4:28 pm
#6
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Re: Moving Money from UK
when my mate moved to perth last year he signed up with 2 foreign exchange companies. One was giving a slightly better rate than the other so he phoned the lower one back and they upped the rate beating the other rate this went on for a few days back and forth and he manage to get a full cent better rate, this makes a big differance when trnsfering money in large amounts!!!
May 3rd 2007, 4:37 pm
#7
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Re: Moving Money from UK
was quoted today 2.4050
May 4th 2007, 4:25 pm
#8
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Re: Moving Money from UK
Don't even start Ast! Fingers crossed we haven't bought anyone like Heskey or Morrison yet with our new found £££, but there's still time! Anyway, why don't tell about when you were 'Kings of Europe' again
May 4th 2007, 6:01 pm
#9
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Re: Moving Money from UK
hey mate i hope you have a great season mate,,,your lot deserve it...
ast
sorry for going off topic
May 5th 2007, 1:40 am
#10
Just Joined
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Location: Sunshine Coast
Posts: 9
Re: Moving Money from UK
THIS MEANS THAT YOU ALREADY HAVE AN AUSSIE BANK ACCOUNT WHEN YOU ARRIVE. THEY DEFINITELY OFFER THE BEST RATE, EVEN BETTER THAN HIFX ETC, FOR EXAMPLE, WE GOT 2.50 DOLLARS TO THE £ AND HIFX WERE ONLY OFFERING 2.43, WHICH MAKES A BIG DIFFERENCE WHEN YOU ARE EXCHANGING QUITE A BIT OF MONEY. ANYWAY, YOU TRANSFER YOUR FUNDS FROM YOUR EXISTING BANK INTO THE COMMONWEALTH ACCOUNT AND THEY AUTOMATICALLY TRANSFER IT TO YOUR AUSSIE ACCOUNT. WE ARE ON THE SUNSHINE COAST AND SO OUR NEAREST BIG BRANCH WAS BRISBANE. WHEN YOU ARRIVE, YOU GO INTO THE BANK AND SEE THE MIGRANT BANKER AND THEY HAVE ALL YOUR STUFF WAITING FOR YOU - THEY WERE FAB AT BRISBANE, OUR BANK CARDS WERE ALL READY AND WAITING FOR US. YOU CAN THEN GO THROUGH ALL THE ACCOUNTS THEY OFFER AND CHANGE THEM THERE AND THEN TO ONES MORE SUITED TO YOU. WE HAVE A STREAMLINE ACCOUNT (BIT LIKE A CURRENT ACCOUNT) AND A NETBANK SAVER, WHICH EARNS 6% INTEREST - YOU CAN DO INTERNET BANKING TOO WHICH IS SO EASY.
THIS ALSO MEANS THAT YOU HAVE STARTED TO BUILD YOUR AUSTRALIAN CREDIT RATING, AS YOU HAVE TO START FROM SCRATCH HERE. WITH THE COMMONWEALTH YOU CAN GET A MORTGAGE AS SOON AS YOU BOTH START WORK AND THERE IS NO WAITING PERIOD AS WITH SOME BANKS.
HOPE THIS HELPS YOU
MARIANNE & JOHN
May 5th 2007, 1:53 am
#11
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Re: Moving Money from UK
Set up an account with Ozforex, very simple, very safe and good rates.
May 5th 2007, 2:05 am
#12
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Re: Moving Money from UK
HI, THE BEST WAY TO MOVE YOUR MONEY FROM THE UK IS TO OPEN AN ACCOUNT WITH THE COMMONWEALTH BANK OF AUSTRALIA. YOU CAN DO THIS FROM THE UK, BY GOING ONTO THEIR UK WEBSITE AND CLICKING MIGRANT BANKING SERVICES. YOU CAN DOWNLOAD THE FORMS AND SEND THEM BACK. THEY THEN SEND YOU YOUR ACCOUNT NUMBER AND TRANSFER DETAILS. YOU TELL THEM WHERE YOU ARE GOING TO BE LIVING IE BRISBANE AND YOUR ACCOUNT IS READY AND WAITING FOR YOU WHEN YOU ARRIVE. ITS ABOUT £25 TO TRANSFER MONEY FROM UK TO OZ ALSO.
THIS MEANS THAT YOU ALREADY HAVE AN AUSSIE BANK ACCOUNT WHEN YOU ARRIVE. THEY DEFINITELY OFFER THE BEST RATE, EVEN BETTER THAN HIFX ETC, FOR EXAMPLE, WE GOT 2.50 DOLLARS TO THE £ AND HIFX WERE ONLY OFFERING 2.43, WHICH MAKES A BIG DIFFERENCE WHEN YOU ARE EXCHANGING QUITE A BIT OF MONEY. ANYWAY, YOU TRANSFER YOUR FUNDS FROM YOUR EXISTING BANK INTO THE COMMONWEALTH ACCOUNT AND THEY AUTOMATICALLY TRANSFER IT TO YOUR AUSSIE ACCOUNT. WE ARE ON THE SUNSHINE COAST AND SO OUR NEAREST BIG BRANCH WAS BRISBANE. WHEN YOU ARRIVE, YOU GO INTO THE BANK AND SEE THE MIGRANT BANKER AND THEY HAVE ALL YOUR STUFF WAITING FOR YOU - THEY WERE FAB AT BRISBANE, OUR BANK CARDS WERE ALL READY AND WAITING FOR US. YOU CAN THEN GO THROUGH ALL THE ACCOUNTS THEY OFFER AND CHANGE THEM THERE AND THEN TO ONES MORE SUITED TO YOU. WE HAVE A STREAMLINE ACCOUNT (BIT LIKE A CURRENT ACCOUNT) AND A NETBANK SAVER, WHICH EARNS 6% INTEREST - YOU CAN DO INTERNET BANKING TOO WHICH IS SO EASY.
THIS ALSO MEANS THAT YOU HAVE STARTED TO BUILD YOUR AUSTRALIAN CREDIT RATING, AS YOU HAVE TO START FROM SCRATCH HERE. WITH THE COMMONWEALTH YOU CAN GET A MORTGAGE AS SOON AS YOU BOTH START WORK AND THERE IS NO WAITING PERIOD AS WITH SOME BANKS.
HOPE THIS HELPS YOU
MARIANNE & JOHN
THIS MEANS THAT YOU ALREADY HAVE AN AUSSIE BANK ACCOUNT WHEN YOU ARRIVE. THEY DEFINITELY OFFER THE BEST RATE, EVEN BETTER THAN HIFX ETC, FOR EXAMPLE, WE GOT 2.50 DOLLARS TO THE £ AND HIFX WERE ONLY OFFERING 2.43, WHICH MAKES A BIG DIFFERENCE WHEN YOU ARE EXCHANGING QUITE A BIT OF MONEY. ANYWAY, YOU TRANSFER YOUR FUNDS FROM YOUR EXISTING BANK INTO THE COMMONWEALTH ACCOUNT AND THEY AUTOMATICALLY TRANSFER IT TO YOUR AUSSIE ACCOUNT. WE ARE ON THE SUNSHINE COAST AND SO OUR NEAREST BIG BRANCH WAS BRISBANE. WHEN YOU ARRIVE, YOU GO INTO THE BANK AND SEE THE MIGRANT BANKER AND THEY HAVE ALL YOUR STUFF WAITING FOR YOU - THEY WERE FAB AT BRISBANE, OUR BANK CARDS WERE ALL READY AND WAITING FOR US. YOU CAN THEN GO THROUGH ALL THE ACCOUNTS THEY OFFER AND CHANGE THEM THERE AND THEN TO ONES MORE SUITED TO YOU. WE HAVE A STREAMLINE ACCOUNT (BIT LIKE A CURRENT ACCOUNT) AND A NETBANK SAVER, WHICH EARNS 6% INTEREST - YOU CAN DO INTERNET BANKING TOO WHICH IS SO EASY.
THIS ALSO MEANS THAT YOU HAVE STARTED TO BUILD YOUR AUSTRALIAN CREDIT RATING, AS YOU HAVE TO START FROM SCRATCH HERE. WITH THE COMMONWEALTH YOU CAN GET A MORTGAGE AS SOON AS YOU BOTH START WORK AND THERE IS NO WAITING PERIOD AS WITH SOME BANKS.
HOPE THIS HELPS YOU
MARIANNE & JOHN
thanks again
May 5th 2007, 2:06 am
#13
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Re: Moving Money from UK
hey are you allowed to have more than one oz account before your in oz..
May 5th 2007, 2:13 am
#14
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May 5th 2007, 2:15 am
#15
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