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Money transfer between UK and Australia

3K views 7 replies 5 participants last post by  powerwandata 
#1 ·
Hi All,

Hope you are well.
Can anyone advise / have experience with transferring larger sums of money from the UK to Australia? We're moving to Sydney in a few weeks and want to transfer the money from the sale of our flat.
Any advise would be appreciated.

Thanks
Amanda
 
#2 ·
Hi All,

Hope you are well.
Can anyone advise / have experience with transferring larger sums of money from the UK to Australia? We're moving to Sydney in a few weeks and want to transfer the money from the sale of our flat.
Any advise would be appreciated.

Thanks
Amanda
Many years ago I managed to get my UK HSBC manager to reduce their fees, for a large transaction, to compete with alternative options, such as HIFX these days.

Definitely do not use banks at their normal rates.

Comparing the money transfer services is not easy. Some charge no fees, but a low exchange rate, some charge high fees with a high exchange rate. And of course, rates change by the minute.

Different services will be better on different days. I've used different ones, but always try to choose the best by checking each one, for fees and FX rate, every time.
 
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