Lucy Robertson Posted April 23, 2014 Report Share Posted April 23, 2014 Hey, Any advice on the best way to transfer money would be much appreciated.. We were going to do it through our own bank RBS but not sure we will get the best exchange rate!! Quote Link to comment Share on other sites More sharing options...
nikkiwd Posted April 23, 2014 Report Share Posted April 23, 2014 moneycorp have no fees for perth poms members and we have used uk forex before as well which were good too. Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted April 23, 2014 Report Share Posted April 23, 2014 (edited) moneycorp have no fees for perth poms members and we have used uk forex before as well which were good too. Which one are you going with Nikki? When you say it's free for PP members how do you prove that. Also what is free? Is it the £15 account set up? As that's all I can see you pay moneycorp for. Edited April 23, 2014 by Guest6235 Quote Link to comment Share on other sites More sharing options...
Nancy Posted April 23, 2014 Report Share Posted April 23, 2014 We used moneycorp aswell, really easy to do. You can contact them on here or just tell them your a member when you speak to them. They charge an arrangement fee which is waived when your a pp member. Quote Link to comment Share on other sites More sharing options...
odies Posted April 23, 2014 Report Share Posted April 23, 2014 I used them , no problem and were helpful.i went in to nat west first to give me some idea on costs.I saved and the transfer was quick Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted April 23, 2014 Report Share Posted April 23, 2014 We used moneycorp aswell, really easy to do. You can contact them on here or just tell them your a member when you speak to them. They charge an arrangement fee which is waived when your a pp member. Thanks Nancy Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted April 23, 2014 Report Share Posted April 23, 2014 I used them , no problem and were helpful.i went in to nat west first to give me some idea on costs.I saved and the transfer was quick I know it probably depends on the amount you transfer but approx what do you think you saved. They quote figures like 1-2k saved by going with them. Quote Link to comment Share on other sites More sharing options...
odies Posted April 23, 2014 Report Share Posted April 23, 2014 I sent over £5k and saved £128. Nat West charges were high and they had a lower exchange rate. It seemed a faff when setting it up against just transferring with my own bank but the saving was to great and I was trying it out for the biggie in the future Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted April 23, 2014 Report Share Posted April 23, 2014 I sent over £5k and saved £128. Nat West charges were high and they had a lower exchange rate. It seemed a faff when setting it up against just transferring with my own bank but the saving was to great and I was trying it out for the biggie in the future Think that is what we will do, send a small amount across to make sure things run smoothly then do most of the other lot. Ta Quote Link to comment Share on other sites More sharing options...
nikkiwd Posted April 23, 2014 Report Share Posted April 23, 2014 I haven't used moneycorp yet, we used uk forex to pay for our holiday rental through ozhouserental and they offered 2 transfers free as well but usually have a minimum transfer amount of £2000. Just waiting to see if the exchange rate improves in the next couple of weeks before transferring...gamble! Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted April 23, 2014 Report Share Posted April 23, 2014 I haven't used moneycorp yet, we used uk forex to pay for our holiday rental through ozhouserental and they offered 2 transfers free as well but usually have a minimum transfer amount of £2000. Just waiting to see if the exchange rate improves in the next couple of weeks before transferring...gamble! Never thought of paying for holiday rental through them or moneycorp, that's a good idea. That must save a little bit at least. Im guessing a holiday rental would be getting on for around 2k anyhow. We see been in HR for maybe 8 weeks as first you have to look for an area you like then an actual long term rental & we may not be able to get into it straight away. Is Ridgewood a decent place and what made you choose that area. Quote Link to comment Share on other sites More sharing options...
nikkiwd Posted April 23, 2014 Report Share Posted April 23, 2014 the lady at ozhouserental has organised the deal with uk forex for her customers and if you are paying a deposit they let you off the $2000 minimum as our deposit was only $1000. We have only booked the house for 4 weeks so not much time to find something. We chose the house in Ridgewood mainly for price v size compared to others. No idea what Ridgewood is like but think its a pretty new suburb. We have a friend who lives close by in Butler. Quote Link to comment Share on other sites More sharing options...
Druid Posted April 24, 2014 Report Share Posted April 24, 2014 Hey, Any advice on the best way to transfer money would be much appreciated.. We were going to do it through our own bank RBS but not sure we will get the best exchange rate!! Dont use your bank if you want to get tipped off at both ends, Moneycorp, TorFX or HiFx, I use HiFx, all done online so easy and you get the best rates, totally secure. Quote Link to comment Share on other sites More sharing options...
Guest curtis1972 Posted May 12, 2014 Report Share Posted May 12, 2014 We used SAT Worldwide - a smaller broker but FSA authorised - who don't charge anything for transfers. We were very happy - rates very competitive and we spoke to one person all the way through (Adam). ADMIN Note: We would remind business's that under Consumer Protection from Unfair Trading Regulations Act. 2008. "A commercial practice is unfair if... (it is) falsely representing oneself as a consumer" This post originates from Sat Worldwide - both the registration & post IP address's match this user: http://www.pomsinoz.com/forum/money-finance/147161-sat-worldwide.html http://www.pomsinoz.com/forum/money-transfer-ask-moneycorp/197057-moneycorp-launches-fee-free-australian-currency-service-poms-oz-2.html#post1936511959 Quote Link to comment Share on other sites More sharing options...
Charmedgirl Posted June 30, 2014 Report Share Posted June 30, 2014 We've used https://www.currencyfair.com/ you need a bank account at both ends but it was quick and easy, no fees and a very good exchange rate. Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted December 3, 2014 Report Share Posted December 3, 2014 Good time to change £££'s into $$$'s if anyone is interested, decent rate at the moment. Quote Link to comment Share on other sites More sharing options...
Lou8670 Posted December 3, 2014 Report Share Posted December 3, 2014 Good time to change £££'s into $$$'s if anyone is interested, decent rate at the moment. DON'T! We exchanged our £££ a few weeks ago when we had our offer accepted on a house. Rate had tumbled and we got a rubbish rate! Gutted, but we couldn't stomach the risk of it dropping further. Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted December 3, 2014 Report Share Posted December 3, 2014 (edited) Strange, What did you do it on Lou. If you do it on a specialised site you get the rate what you see on screen. We did a large (ish)chunk last week at a good rate but if I'd done it today we'd have got more. On HIFX today rate is at $1.84 but this depends on how much is getting exchanged. Edited December 3, 2014 by Guest6235 Quote Link to comment Share on other sites More sharing options...
Lou8670 Posted December 3, 2014 Report Share Posted December 3, 2014 (edited) Strange, What did you do it on Lou. If you do it on a specialised site you get the rate what you see on screen. We did a large (ish)chunk last week at a good rate but if I'd done it today we'd have got $1000 more.On HIFX today rate is at $1.84 but this depends on how much is getting exchanged. Sorry, I meant "don't" as in "I don't want to talk about it"! We watched the rate for months, made an offer on a house which was accepted at 8pm on 13th December and at exactly the same time the rate dropped below 1.8. Hubby wanted to wait for it to come back but me being risk averse, an accountant and treasury person said that although we expected it to come back it could go down further and we shouldn't take the risk especially as we were contracted to purchase the house. In any case, last time it took months to come back and once you've made an offer which has been accepted you have 28 days to provide the finance . So we exchanged and it came back 5 days later.....we missed out on an extra $30k... Edited December 3, 2014 by Lou8670 Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted December 3, 2014 Report Share Posted December 3, 2014 (edited) Sorry, I meant "don't" as in "I don't want to talk about it"! We watched the rate for months, made an offer on a house which was accepted at 8pm on 13th December and at exactly the same time the rate dropped below 1.8. Hubby wanted to wait for it to come back but me being risk averse, an accountant and treasury person said that although we expected it to come back it could go down further and we shouldn't take the risk especially as we were contracted to purchase the house. In any case, last time it took months to come back and once you've made an offer which has been accepted you have 28 days to provide the finance . So we exchanged and it came back 5 days later.....we missed out on an extra $30k... Ha ok, yeah it's amazing by the rate changing by so little what it can do to your cash. We're keeping the bulk of it in UK, probably like what you've done until we see if we like it out there, instead of moving it backwards & forwards. I'm guessing you like it over there now that you're buying. Edited December 3, 2014 by Guest6235 Quote Link to comment Share on other sites More sharing options...
Lou8670 Posted December 3, 2014 Report Share Posted December 3, 2014 Ha ok, yeah it's amazing by the rate changing by so little what it can do to your cash. We're keeping the bulk of it in UK, probably like what you've done until we see if we like it out there, instead of moving it backwards & forwards.I'm guessing you like it over there now that you're buying. Still feel a bit sick about it now tbh, but some you win some you lose! I think we may be onto a winner with the house and yes, we are settling in well here. I will never say never but I can't see us moving back to Jersey in the next few years at least! We're all having too much of a good time Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted December 3, 2014 Report Share Posted December 3, 2014 If you had transferred money 18-24 months back the rate was at around 1.45 according to bloke at HIFX so you could look at it that way. Quote Link to comment Share on other sites More sharing options...
Laz Posted December 8, 2014 Report Share Posted December 8, 2014 Hi....can anyone tell me how they transfer their GBP from UK bank to Moneycorp/UKForex/OzForex bank account when they are based in Australia? Our bank has an online transfer limit (Clydesdale) which is really low so we need to do a CHAPS form. Last time I enquired I was told I could email a soft copy to the bank manager in UK to do the transfer. Surely there's an easier way! I have no such problem transferring funds from Australia to UK. Quote Link to comment Share on other sites More sharing options...
Guest Guest6235 Posted December 12, 2014 Report Share Posted December 12, 2014 Even better time now to transfer money for anybody out there. Quote Link to comment Share on other sites More sharing options...
JasonM Posted December 12, 2014 Report Share Posted December 12, 2014 I am so tempted to transfer some money now and we don't have our visa yet, will have to check out the exchange rate Quote Link to comment Share on other sites More sharing options...
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