Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

OZforex and Nationwide flexaccount - anyone had any problems.

OZforex and Nationwide flexaccount - anyone had any problems.

Old Feb 13th 2007, 6:10 pm
  #1  
In my own little world!
Thread Starter
 
belleandscone's Avatar
 
Joined: Sep 2005
Location: Moving again!!!!!!
Posts: 573
belleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to behold
Question OZforex and Nationwide flexaccount - anyone had any problems.

Just wanting a wee bit of advice before I close all our bank accounts except the Nationwide Flex account, has anyone had any problems transferring their money to Oz with this bank (as have seen probs with Barcleys with limiting transfer amounts). Asked the girl in the branch today and she said there would be no problems, but really need to ask the real people in the know .

Just starting to get the finances sorted as we have a closing date for the house sale for friday .

Thank you in advance.
Clairex
belleandscone is offline  
Old Feb 13th 2007, 7:16 pm
  #2  
BE Forum Addict
 
Joined: Dec 2003
Location: Adelaide - South Australia
Posts: 1,820
marco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond repute
Default Re: OZforex and Nationwide flexaccount - anyone had any problems.

Originally Posted by belleandscone
Just wanting a wee bit of advice before I close all our bank accounts except the Nationwide Flex account, has anyone had any problems transferring their money to Oz with this bank (as have seen probs with Barcleys with limiting transfer amounts). Asked the girl in the branch today and she said there would be no problems, but really need to ask the real people in the know .

Just starting to get the finances sorted as we have a closing date for the house sale for friday .

Thank you in advance.
Clairex
We were told they have an online limit of £10,000 per transaction - but you can do as many of them as you like (unlike Barclays).
marco121068 is offline  
Old Feb 13th 2007, 7:37 pm
  #3  
In my own little world!
Thread Starter
 
belleandscone's Avatar
 
Joined: Sep 2005
Location: Moving again!!!!!!
Posts: 573
belleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to behold
Smile Re: OZforex and Nationwide flexaccount - anyone had any problems.

Grand, that's all I need to know , so you didnt have any problems with them?
Clairex
belleandscone is offline  
Old Feb 13th 2007, 8:30 pm
  #4  
BE Enthusiast
 
Joined: Sep 2005
Posts: 517
mbike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond repute
Default Re: OZforex and Nationwide flexaccount - anyone had any problems.

Originally Posted by marco121068
We were told they have an online limit of £10,000 per transaction - but you can do as many of them as you like (unlike Barclays).
You might like to check out the timescale, practicalities and fees for larger transfers too.We have a Virgin One account and have found it expensive to transfer funds if you are buying forex on a spot rate. This is because the standard transfer takes 7 days to complete and Ozforex require the funds pretty quickly. This forces you into using Electronic Money Transfer, for which they charge 23-25ukp.

Mark
mbike is offline  
Old Feb 13th 2007, 8:54 pm
  #5  
BE Forum Addict
 
Joined: Dec 2003
Location: Adelaide - South Australia
Posts: 1,820
marco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond reputemarco121068 has a reputation beyond repute
Default Re: OZforex and Nationwide flexaccount - anyone had any problems.

Originally Posted by mbike
You might like to check out the timescale, practicalities and fees for larger transfers too.We have a Virgin One account and have found it expensive to transfer funds if you are buying forex on a spot rate. This is because the standard transfer takes 7 days to complete and Ozforex require the funds pretty quickly. This forces you into using Electronic Money Transfer, for which they charge 23-25ukp.

Mark
I've used them to pay for a forward contract - and have sent funds to their Barclays account 3 days before they were due. No problems.

I suppose it would depend on how much you're transferring. If it's say proceeds of house sale - £30 or so isn't that much really.
marco121068 is offline  
Old Feb 13th 2007, 9:33 pm
  #6  
BE Forum Addict
 
ohippy's Avatar
 
Joined: Jan 2004
Location: Halls Head, WA
Posts: 4,146
ohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond reputeohippy has a reputation beyond repute
Default Re: OZforex and Nationwide flexaccount - anyone had any problems.

I used Nationwide flexaccount online to transfer my money through to Ozforex and then onto my Westpac account - no problems whatsoever. Did a few tranches too. There is a limit on the amount you can transfer from the Nationwide each time but no limit on the number of times so I just input a few everytime and Ozforex tied them up without any problems
ohippy is offline  
Old Feb 13th 2007, 9:57 pm
  #7  
In my own little world!
Thread Starter
 
belleandscone's Avatar
 
Joined: Sep 2005
Location: Moving again!!!!!!
Posts: 573
belleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to beholdbelleandscone is a splendid one to behold
Smile Re: OZforex and Nationwide flexaccount - anyone had any problems.

Thanks for that, I can now scratch all my other accounts.
Clairex
belleandscone is offline  
Old Feb 13th 2007, 10:57 pm
  #8  
BE Enthusiast
 
Joined: Sep 2005
Posts: 517
mbike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond reputembike has a reputation beyond repute
Default Re: OZforex and Nationwide flexaccount - anyone had any problems.

Originally Posted by marco121068
I've used them to pay for a forward contract - and have sent funds to their Barclays account 3 days before they were due. No problems.

I suppose it would depend on how much you're transferring. If it's say proceeds of house sale - £30 or so isn't that much really.
Agreed. But with larger amounts the bank will only authorise transfers in 100k amounts so you end up paying 50-60ukp for the pleasure of transferring your own money. There has been a lot of talk about illegal fees UK banks charge their customers. I wouldn't be surprised if the EFT soon joins them.

Mark
mbike is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.