$ Transfers to Australia.
#1
$ Transfers to Australia.
Hi All, I was wondering if any of you can recommend ways to transfer USD to Australia. I know this is primarily a british expat site but I thought I ask.
All banks I have been to, mention that US-AUS transfer will be a wife transfer and hence are charging ridiculous fees. I even tried Citibank.
I have read about XE.com. Does it facilitate transfers and any experience anyone would like to share please?
Let us know.
Thanks in advance
All banks I have been to, mention that US-AUS transfer will be a wife transfer and hence are charging ridiculous fees. I even tried Citibank.
I have read about XE.com. Does it facilitate transfers and any experience anyone would like to share please?
Let us know.
Thanks in advance
#3
Re: $ Transfers to Australia.
xe.com are very popular. hifx are another, there's a few places that offer a similar service.
#4
Forum Regular
Joined: Jul 2004
Location: Currently in Redmond, Washington, returning to Sydney 2013!!
Posts: 107
Re: $ Transfers to Australia.
When we moved to Sydney we used HiFX to transfer our funds across - they were great. You don't mention how much you're looking to move and I suppose some solutions are better than others depending on the amount but I would recommend HiFX anyway.
Good Luck!
Good Luck!
#5
Re: $ Transfers to Australia.
Thanks, I actually moved up here (CA) from Sydney. I do however have to transfer money everymonth for my mortgage there. It won't be must let's say average $800 USD a month.
#6
BE Forum Addict
Joined: Sep 2006
Posts: 1,966
Re: $ Transfers to Australia.
Yep, I just did it recently since my AU bank account gets 6.35% interest and my US gets bugger all.
I have used XE.com for a few years and have found them nothing but helpful and competent.
I have used XE.com for a few years and have found them nothing but helpful and competent.
#7
Forum Regular
Joined: Mar 2008
Posts: 202
Re: $ Transfers to Australia.
Hi All, I was wondering if any of you can recommend ways to transfer USD to Australia. I know this is primarily a british expat site but I thought I ask.
All banks I have been to, mention that US-AUS transfer will be a wife transfer and hence are charging ridiculous fees. I even tried Citibank.
I have read about XE.com. Does it facilitate transfers and any experience anyone would like to share please?
Let us know.
Thanks in advance
All banks I have been to, mention that US-AUS transfer will be a wife transfer and hence are charging ridiculous fees. I even tried Citibank.
I have read about XE.com. Does it facilitate transfers and any experience anyone would like to share please?
Let us know.
Thanks in advance
The key bit is to choose one that handles ACH Debits from your US account otherwise you'll be paying +/- 20 USD each time you wire funds to the providers US account.
#8
Re: $ Transfers to Australia.
Several of the players will handle ACH Debits from your US bank account. This avoids the need to wire funds from your US bank account to the providers bank account. I send money to both the UK and AUS from the US using this method.
The key bit is to choose one that handles ACH Debits from your US account otherwise you'll be paying +/- 20 USD each time you wire funds to the providers US account.
The key bit is to choose one that handles ACH Debits from your US account otherwise you'll be paying +/- 20 USD each time you wire funds to the providers US account.
#9
Forum Regular
Joined: Mar 2008
Posts: 202
Re: $ Transfers to Australia.
I use them for both Australia and UK. They will ACH Debit from your US bank account. The first time you do it it takes around 10 days or so as they need to check the account details, etc... but after that its quick (and no fee).
Its in their FAQ - Option: Payment by EFT Electronic Funds Transfer
Also as its for a mortgage payment you should look at their forward buy product. It will lock in the rate for 12 months and automatically deduct the funds from your account each month.
Goat.
Last edited by goatherder; Jul 1st 2010 at 10:40 am.
#10
Re: $ Transfers to Australia.
Hi
I use them for both Australia and UK. They will ACH Debit from your US bank account. The first time you do it it takes around 10 days or so as they need to check the account details, etc... but after that its quick (and no fee).
Its in their FAQ - Option: Payment by EFT Electronic Funds Transfer
Also as its for a mortgage payment you should look at their forward buy product. It will lock in the rate for 12 months and automatically deduct the funds from your account each month.
Goat.
I use them for both Australia and UK. They will ACH Debit from your US bank account. The first time you do it it takes around 10 days or so as they need to check the account details, etc... but after that its quick (and no fee).
Its in their FAQ - Option: Payment by EFT Electronic Funds Transfer
Also as its for a mortgage payment you should look at their forward buy product. It will lock in the rate for 12 months and automatically deduct the funds from your account each month.
Goat.
Cheers