Should I use Bank or Foreign exchange company
Jan 14th 2012, 2:59 pm
#1
BE Enthusiast
Thread Starter
Joined: Sep 2009
Posts: 325
Should I use Bank or Foreign exchange company
Hi,
Can anyone suggest which one to be used for foreign exchange conversion in Melbourne, Bank or any foreign exchange company in terms of best rates with less commission. Really appreciate if some names are also suggested for said.
Thanks!
Can anyone suggest which one to be used for foreign exchange conversion in Melbourne, Bank or any foreign exchange company in terms of best rates with less commission. Really appreciate if some names are also suggested for said.
Thanks!
Jan 15th 2012, 7:04 am
#2
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Should I use Bank or Foreign exchange company
I always use Ozforex, they are very good.
Jan 15th 2012, 7:28 am
#3
Harrip
Joined: Nov 2004
Posts: 495
Re: Should I use Bank or Foreign exchange company
Originally Posted by jovipk
Hi,
Can anyone suggest which one to be used for foreign exchange conversion in Melbourne, Bank or any foreign exchange company in terms of best rates with less commission. Really appreciate if some names are also suggested for said.
Thanks!
Can anyone suggest which one to be used for foreign exchange conversion in Melbourne, Bank or any foreign exchange company in terms of best rates with less commission. Really appreciate if some names are also suggested for said.
Thanks!
Jan 15th 2012, 10:35 am
#4
BE Enthusiast
Thread Starter
Joined: Sep 2009
Posts: 325
Re: Should I use Bank or Foreign exchange company
Originally Posted by harrip
Do you mean for the exchange of cash or via a bank account?
Jan 16th 2012, 6:45 am
#5
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,702
Re: Should I use Bank or Foreign exchange company
Originally Posted by jovipk
Exchange of cash.
BB
Jan 16th 2012, 6:52 am
#6
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,536
Re: Should I use Bank or Foreign exchange company
I've done it both ways (from Canada mind you) and the bank has always taken longer and cost more. So for me, I'd never use a bank again.
Currency exchange companies offer far more competitive rates. We have used Ozforex a few times and it was very easy and the rates were always good. As the others have said Tranzfers do smaller amounts (less than 5,000) and Ozforex amounts larger than that.
Currency exchange companies offer far more competitive rates. We have used Ozforex a few times and it was very easy and the rates were always good. As the others have said Tranzfers do smaller amounts (less than 5,000) and Ozforex amounts larger than that.
