TOPIC

Transfering fund to Aus

Discussion started on 16 Apr 2014
ID: #76
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Beozzz
COMMUNITY MEMBER
Beozzz Posted on 13 Apr 2014, 14:01
Check out private currency traders. Their fee is negotiable and will usually try and beat whatever Ozforex and the like charge.

Say away from the banks on Int transfers.

That said, for 10k it might just be easier to run with ozforex or similar. For 100k I'd be haggling it out with the private guys. 

Personally I use HSBC premier for my transfers. Rate is about the same as Ozforex but for the convenience its not worth engaging the private guys for small transfers like 10k.

What's this on customs fee on 10k. That's rubbish right? I just though they have to let the ATO know if the transfer is over 10k?
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denzil73
COMMUNITY MEMBER
denzil73 Posted on 13 Apr 2014, 14:02
Thanks Dr. Phil 
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denzil73
COMMUNITY MEMBER
denzil73 Posted on 13 Apr 2014, 14:02
Was either Customs or ATO that the advisor told me about. And supposedly you're meant to trust 'professionals'. 
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spouseofscouse
COMMUNITY MEMBER
spouseofscouse Posted on 16 Apr 2014, 11:03
Yep. I asked the same question on BE a while ago (although mine were Oz-UK transfers) and OzForex got way more recommendations than any other currency broker. We couldn't be happier with them - their exchange rate was miles better than my bank's.
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