Transfering money to Oz bank acc?
Jul 19th 2004, 7:38 am
#1
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Transfering money to Oz bank acc?
We,ve newly opened a bank account in Oz, just telephoned our own branch- Bank of scotland to enquire if we could transfer some money to the Oz account we have,which isnt a problem,but they charge £14 to do it.
Does anyone have any cheaper ideas?or is the charge fairly similar at most banks?
We have an Abbey account also so will check with them tomorrow.
Thanx for your help
Donna.
Does anyone have any cheaper ideas?or is the charge fairly similar at most banks?
We have an Abbey account also so will check with them tomorrow.
Thanx for your help
Donna.
Jul 19th 2004, 7:48 am
#2
Joined: Apr 2003
Location: Northamptonshire
Posts: 204
Re: Transfering money to Oz bank acc?
Donna
I guess it's a question of how much you are transfering. If it's small amounts then I would imagine you'll either have to pay or you'll get a poor rate of exchange.
If it's a larger amount, say £5,000+, then I'd try someone like www.hifx.co.uk or try a search on 'transfering money' for some other suggestions.
Chris
I guess it's a question of how much you are transfering. If it's small amounts then I would imagine you'll either have to pay or you'll get a poor rate of exchange.
If it's a larger amount, say £5,000+, then I'd try someone like www.hifx.co.uk or try a search on 'transfering money' for some other suggestions.
Chris
Jul 19th 2004, 7:54 am
#3
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Transfering money to Oz bank acc?
Originally posted by chris n
Donna
I guess it's a question of how much you are transfering. If it's small amounts then I would imagine you'll either have to pay or you'll get a poor rate of exchange.
If it's a larger amount, say £5,000+, then I'd try someone like www.hifx.co.uk or try a search on 'transfering money' for some other suggestions.
Chris
Donna
I guess it's a question of how much you are transfering. If it's small amounts then I would imagine you'll either have to pay or you'll get a poor rate of exchange.
If it's a larger amount, say £5,000+, then I'd try someone like www.hifx.co.uk or try a search on 'transfering money' for some other suggestions.
Chris
Its just small amounts,£100 + roughly,is it worth it? or should we just hang off & transfer large sum in one go?
Donna.
Jul 19th 2004, 8:00 am
#4
Joined: Apr 2003
Location: Northamptonshire
Posts: 204
Re: Transfering money to Oz bank acc?
Donna
I'm no financial advisor but if it were me I would transfer it in larger amounts - if you went with your bank they would charge you for each transaction. So it may cost you £28 to transfer two lots of £100 but only £14 to transfer one lot of £200.
Does that make sense?
Chris
PS So if it were me I would, say, save up a £1000 and then transfer it
I'm no financial advisor but if it were me I would transfer it in larger amounts - if you went with your bank they would charge you for each transaction. So it may cost you £28 to transfer two lots of £100 but only £14 to transfer one lot of £200.
Does that make sense?
Chris
PS So if it were me I would, say, save up a £1000 and then transfer it
Jul 19th 2004, 8:08 am
#5
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Transfering money to Oz bank acc?
Originally posted by chris n
Donna
I'm no financial advisor but if it were me I would transfer it in larger amounts - if you went with your bank they would charge you for each transaction. So it may cost you £28 to transfer two lots of £100 but only £14 to transfer one lot of £200.
Does that make sense?
Chris
PS So if it were me I would, say, save up a £1000 and then transfer it
Donna
I'm no financial advisor but if it were me I would transfer it in larger amounts - if you went with your bank they would charge you for each transaction. So it may cost you £28 to transfer two lots of £100 but only £14 to transfer one lot of £200.
Does that make sense?
Chris
PS So if it were me I would, say, save up a £1000 and then transfer it
Will just sent a one off using my branch,then will leave it till we have our final amount & scan around for best exchange.
Just wanted some sitting in the Oz account for the moment.
Thanx again,
Donna.
Jul 19th 2004, 8:15 am
#6
Joined: Apr 2003
Location: Northamptonshire
Posts: 204
Re: Transfering money to Oz bank acc?
Just for information - which bank have you used and how easy was it? We've paid the bond (visa granted last week) and at the moment the interest is going to be sent to us in the UK (we don't plan to go over until Jan 2005). I really should think about opening up an account.
Chris
Chris
Jul 19th 2004, 8:41 am
#7
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Transfering money to Oz bank acc?
Originally posted by chris n
Just for information - which bank have you used and how easy was it? We've paid the bond (visa granted last week) and at the moment the interest is going to be sent to us in the UK (we don't plan to go over until Jan 2005). I really should think about opening up an account.
Chris
Just for information - which bank have you used and how easy was it? We've paid the bond (visa granted last week) and at the moment the interest is going to be sent to us in the UK (we don't plan to go over until Jan 2005). I really should think about opening up an account.
Chris
Sent it on,two weeks later got a phone call at 5.40am to tell us they recieved everything & all info given was fine ,our account was now fully operational,we just got the internet banking details in the other day too.
This to be honest was the first bank we tried & it was easy peasy!
They were also very nice & helpfull to talk to.
It took just under a month to set up & use.
Donna.
Jul 19th 2004, 8:52 am
#8
Forum Regular
Joined: May 2004
Posts: 74
Re: Transfering money to Oz bank acc?
Originally posted by madsad
We opened a joint account with Westpac, we emailed them first enquiring on how to open an acc, emailed us back within a couple of days with details & a phone no,hubby phoned them up & opened the acc!(got acc no) they sent us an info pack,we had to send them 2 forms of id-drivers licience,passport etc..(photocopies!) & get it verified & signed(done this with a bank clerk at our own bank)
Sent it on,two weeks later got a phone call at 5.40am to tell us they recieved everything & all info given was fine ,our account was now fully operational,we just got the internet banking details in the other day too.
This to be honest was the first bank we tried & it was easy peasy!
They were also very nice & helpfull to talk to.
It took just under a month to set up & use.
Donna.
We opened a joint account with Westpac, we emailed them first enquiring on how to open an acc, emailed us back within a couple of days with details & a phone no,hubby phoned them up & opened the acc!(got acc no) they sent us an info pack,we had to send them 2 forms of id-drivers licience,passport etc..(photocopies!) & get it verified & signed(done this with a bank clerk at our own bank)
Sent it on,two weeks later got a phone call at 5.40am to tell us they recieved everything & all info given was fine ,our account was now fully operational,we just got the internet banking details in the other day too.
This to be honest was the first bank we tried & it was easy peasy!
They were also very nice & helpfull to talk to.
It took just under a month to set up & use.
Donna.
Are they charging you any bank charges??
Thanks
Jana
Jul 19th 2004, 8:56 am
#9
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Transfering money to Oz bank acc?
Originally posted by jana1
Are they charging you any bank charges??
Thanks
Jana
Are they charging you any bank charges??
Thanks
Jana
Donna.
Jul 19th 2004, 9:05 am
#10
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,860
Theres an online firm called www.tranzfers.com They will transfer as little as £50 a time, for a flat fee of £7 (or $15 if you go the other way).
Cheaper way of moving money - I've been using them for nearly a year to transfer stuff to pay bills.
Cheaper way of moving money - I've been using them for nearly a year to transfer stuff to pay bills.
Jul 19th 2004, 9:08 am
#11
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Originally posted by Pollyana
Theres an online firm called www.tranzfers.com They will transfer as little as £50 a time, for a flat fee of £7 (or $15 if you go the other way).
Cheaper way of moving money - I've been using them for nearly a year to transfer stuff to pay bills.
Theres an online firm called www.tranzfers.com They will transfer as little as £50 a time, for a flat fee of £7 (or $15 if you go the other way).
Cheaper way of moving money - I've been using them for nearly a year to transfer stuff to pay bills.
will look this up,
Thankyou
Donna.
