Transferring funds when in Oz
Dec 2nd 2007, 8:07 pm
#1
_
Thread Starter
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Transferring funds when in Oz
We’ve set up an Australian bank account and completed an initial transfer via OzForex, and will hopefully do another transfer (depending on the rates) before we leave the UK next weekend.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
Dec 2nd 2007, 9:46 pm
#2
Oxford - SEQ August 07
Joined: Jul 2006
Location: Little Mountain, QLD.
Posts: 377
Re: Transferring funds when in Oz
We’ve set up an Australian bank account and completed an initial transfer via OzForex, and will hopefully do another transfer (depending on the rates) before we leave the UK next weekend.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
They only asked me the account security questions and then all i had to do was give them OzForex's account details and how much to transfer.
Dec 2nd 2007, 10:01 pm
#3
DownUnder
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Re: Transferring funds when in Oz
We use abbey. Ozforex happy with 4 day BACS transfer, and with abbey you can do it all online with no limits.
We had an esaver account paying 5.9-6.4 as it has a .5% bonus for the first 12 months.
We had an esaver account paying 5.9-6.4 as it has a .5% bonus for the first 12 months.
Dec 2nd 2007, 10:12 pm
#4
_
Thread Starter
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Re: Transferring funds when in Oz
Dec 2nd 2007, 10:55 pm
#5
Just Joined
Joined: Dec 2006
Posts: 26
Re: Transferring funds when in Oz
We have a Lloyds account in the UK. When I transferred money into Ozforex, I explained that they would allow only £10k per day. Ozforex were fine with that, so long as they had the first payment in their account within the 3 day limit. You still get the rate that you locked in at. Ozforex obviously can't transfer the money into your Aussie account until you have paid them in full. We have had no problems transferring £10k a day.
The first time was £50k, which was over a Bank Holiday weekend.I locked the rate on the Friday & they didn't get the first payment until the Tuesday.
Also, when in Aus we transferred the rest of our money, which again was over 4 days.
Hope this helps and puts your mind at rest.
Chez
Dec 2nd 2007, 11:06 pm
#6
_
Thread Starter
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Re: Transferring funds when in Oz
Hi.
We have a Lloyds account in the UK. When I transferred money into Ozforex, I explained that they would allow only £10k per day. Ozforex were fine with that, so long as they had the first payment in their account within the 3 day limit. You still get the rate that you locked in at. Ozforex obviously can't transfer the money into your Aussie account until you have paid them in full. We have had no problems transferring £10k a day.
The first time was £50k, which was over a Bank Holiday weekend.I locked the rate on the Friday & they didn't get the first payment until the Tuesday.
Also, when in Aus we transferred the rest of our money, which again was over 4 days.
Hope this helps and puts your mind at rest.
Chez
We have a Lloyds account in the UK. When I transferred money into Ozforex, I explained that they would allow only £10k per day. Ozforex were fine with that, so long as they had the first payment in their account within the 3 day limit. You still get the rate that you locked in at. Ozforex obviously can't transfer the money into your Aussie account until you have paid them in full. We have had no problems transferring £10k a day.
The first time was £50k, which was over a Bank Holiday weekend.I locked the rate on the Friday & they didn't get the first payment until the Tuesday.
Also, when in Aus we transferred the rest of our money, which again was over 4 days.
Hope this helps and puts your mind at rest.
Chez
Dec 2nd 2007, 11:33 pm
#7
BE Forum Addict
Joined: Jan 2006
Location: Perth, WA
Posts: 1,376
Re: Transferring funds when in Oz
We’ve set up an Australian bank account and completed an initial transfer via OzForex, and will hopefully do another transfer (depending on the rates) before we leave the UK next weekend.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
Dec 2nd 2007, 11:48 pm
#8
Account Closed
Joined: Jun 2007
Posts: 8,913
Re: Transferring funds when in Oz
We’ve set up an Australian bank account and completed an initial transfer via OzForex, and will hopefully do another transfer (depending on the rates) before we leave the UK next weekend.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
However, a large portion of our money will remain in the UK for the time being.
My question is how do we go about requesting large transfers from our UK bank (Lloyds) to the OzForex UK account once we’re in Australia as Lloyds limit internet transfers to a maximum of £10,000 per day. I wouldn’t want to rely on Internet transfers anyway as there’s a delay of 4 working days which isn't helpful when locking in to a rate.
