Exchanging large ammounts of currency
Nov 27th 2002, 9:32 am
#1
Forum Regular
Thread Starter
Joined: Mar 2002
Posts: 60
Exchanging large ammounts of currency
Hi,
I have no experience of foreign exchange beyond the couple of hundred quid required for a weekend away but at the moment I'm having to think in multiples of 10,000.
Has anyone on the group exchanged large sums of money? What are the costs involved? Are large banks the best bet or are there companies in the city that specialise in these sorts of transactions?
Share your knowledge and experience. If anyone can recommend a reliable cheap way of doing this I'd be grateful. Obviously I'm going to be suitably careful, I'm aware that some shits have taken peoples immigration money and gone into liquidation before transferring it. That idea makes me sick to my stomach.
Rich
I have no experience of foreign exchange beyond the couple of hundred quid required for a weekend away but at the moment I'm having to think in multiples of 10,000.
Has anyone on the group exchanged large sums of money? What are the costs involved? Are large banks the best bet or are there companies in the city that specialise in these sorts of transactions?
Share your knowledge and experience. If anyone can recommend a reliable cheap way of doing this I'd be grateful. Obviously I'm going to be suitably careful, I'm aware that some shits have taken peoples immigration money and gone into liquidation before transferring it. That idea makes me sick to my stomach.
Rich
Nov 27th 2002, 11:05 am
#2
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Exchanging large ammounts of currency
Hello Rich.
We suggest that Halewood International are worth a call - here's a link to cut and paste into your browser if you are interested:
http://www.hifx.co.uk/register/default.asp?originatorID=GoMatilda
Or call their Private Client Desk on (UK number) 01753 859159.
I believe they maintain a separate Trust Client Account where your money would be retained, which ring fences your money from their own business finances.
Best regards.
We suggest that Halewood International are worth a call - here's a link to cut and paste into your browser if you are interested:
http://www.hifx.co.uk/register/default.asp?originatorID=GoMatilda
Or call their Private Client Desk on (UK number) 01753 859159.
I believe they maintain a separate Trust Client Account where your money would be retained, which ring fences your money from their own business finances.
Best regards.
Originally posted by rich.arlene
Hi,
I have no experience of foreign exchange beyond the couple of hundred quid required for a weekend away but at the moment I'm having to think in multiples of 10,000.
Has anyone on the group exchanged large sums of money? What are the costs involved? Are large banks the best bet or are there companies in the city that specialise in these sorts of transactions?
Share your knowledge and experience. If anyone can recommend a reliable cheap way of doing this I'd be grateful. Obviously I'm going to be suitably careful, I'm aware that some shits have taken peoples immigration money and gone into liquidation before transferring it. That idea makes me sick to my stomach.
Rich
Hi,
I have no experience of foreign exchange beyond the couple of hundred quid required for a weekend away but at the moment I'm having to think in multiples of 10,000.
Has anyone on the group exchanged large sums of money? What are the costs involved? Are large banks the best bet or are there companies in the city that specialise in these sorts of transactions?
Share your knowledge and experience. If anyone can recommend a reliable cheap way of doing this I'd be grateful. Obviously I'm going to be suitably careful, I'm aware that some shits have taken peoples immigration money and gone into liquidation before transferring it. That idea makes me sick to my stomach.
Rich
Nov 27th 2002, 11:35 am
#3
Forum Regular
Thread Starter
Joined: Mar 2002
Posts: 60
Re: Exchanging large ammounts of currency
Thanks Alan,
anyone have any experiences of Halewood?
anyone have any experiences of Halewood?
Nov 27th 2002, 12:16 pm
#4
BE Enthusiast
Joined: Feb 2002
Location: Rockingham, WA
Posts: 917
Hi Rich
Yes, we used Halewood on the advice of people on this forum and found them excellent.
We rang for a exchange rate when we wanted to transfer, they told us their rate and also said to ring around other places before we committed to make sure we were getting the best deal.
We had no problems whatsoever with Halewood....had problems with the HSBC in the UK, but thats another story
love sophia xx
ps, they hold your money in a seperate client account (which I think is held with Barclays) so even if they did go bust, your money should be safe.
Yes, we used Halewood on the advice of people on this forum and found them excellent.
We rang for a exchange rate when we wanted to transfer, they told us their rate and also said to ring around other places before we committed to make sure we were getting the best deal.
We had no problems whatsoever with Halewood....had problems with the HSBC in the UK, but thats another story
love sophia xx
ps, they hold your money in a seperate client account (which I think is held with Barclays) so even if they did go bust, your money should be safe.
Last edited by sophia; Nov 27th 2002 at 12:18 pm.
Nov 27th 2002, 2:08 pm
#5
Forum Regular
Joined: May 2002
Location: Robina, Gold Coast, Qld
Posts: 66
Re: Exchanging large ammounts of currency
Originally posted by rich.arlene
Thanks Alan,
anyone have any experiences of Halewood?
Thanks Alan,
anyone have any experiences of Halewood?
Caryn
Nov 29th 2002, 5:01 pm
#6
Forum Regular
Joined: Aug 2002
Location: Parkdale/Melbourne
Posts: 277
Hi There!
Like you, i was only used dealing with foreign exchange for 'Holiday beer money' but i opened an account with Commonwealth Bank Australia with their London office. There have been mixed views on using these on this forum, but so far I have found them to be really helpful, and if you are exchanging large amounts as i was , you get a good rate. They will also hold the funds till you tell them to exchange if you want to monitor the currency market yourself. I used www.xe.com and found this useful. A few cents either way, can make a big difference if your not careful!
Hope this helps!
Cheers!
Like you, i was only used dealing with foreign exchange for 'Holiday beer money' but i opened an account with Commonwealth Bank Australia with their London office. There have been mixed views on using these on this forum, but so far I have found them to be really helpful, and if you are exchanging large amounts as i was , you get a good rate. They will also hold the funds till you tell them to exchange if you want to monitor the currency market yourself. I used www.xe.com and found this useful. A few cents either way, can make a big difference if your not careful!
Hope this helps!
Cheers!
Nov 30th 2002, 4:08 am
#7
Forum Regular
Joined: Oct 2002
Location: perth -
Posts: 56
we also used commonwealth and they were great, good rates good service and an account is ready waiting for you when you arrive in oz. You just go to the bank and they then arrang efor the funds to be transferred to your new account. We went in on the monday by wednesday our funds and new bank cards were ready.
Good luck Lynn
Good luck Lynn
