huggesy

Money transfers

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    I need to send money back to the uk, i made the mistake of using my Australian bank to send some home recently which whilst the rate wasn't that bad, I hadn't counted on the fee by my uk bank:arghh: so got hit by two fees in the end

     

    so trying to learn from my mistakes, who would people recommend as being good to send back to the uk which can be opened in Australia and is there any hidden fees? As I said I have uk bank accounts, I previously used the uk post office international payments but am not sure if I can use them the other way so that will be one avenue I will check when they are open.

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    Hello, we have just signed up to money corp online, can't comment on their service as not used them yet. The other company we looked at was Tranzfers for smaller amounts and OzForex for larger amounts. Someone will hopefully come along and give us some feed back on their experiences with these companies.

    Edited by evojoan

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    I receive many payments through Moneycorp and the process has been a very positive one. The feedback from guests has also been very good.

     

    My OH registered an account with Moneycorp about 18 months ago and he only has good things to say about their service. He did a recent transfer and the exchange rate that he obtained through Moneycorp was very different (in his favour!) to the rate offered through the online international transfer system offered by his bank. He chose when to buy the currency and this resulted in a substantial difference in how much currency he bought and transferred compared to banks.

     

    I used to use another currency specialist company and it was a terrible experience. Money vanished in fees and transfer costs and the amounts were always wrong. This hasn't happened with Moneycorp and it's such a better way to transfer money...leaving more money in your pocket and less stress along the way!

     

    Tamara

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