Hi there everyone,
Our house has just gone on the market today, and I am just starting to look at options of what to do with the money when we finally sell it.
Do we have to open an account with a british bank and put it in there until we move and transfer it to an Aussie account then?
or,
Can we open an Aussie bank account straight away and put all the proceeds in there once the sale is complete?
If we can open an account with an Oz bank and do as above, does anyone know of any disadvantages of this?
What sort of interest do they pay, what are the charges like?, will we have to transfer it to Oz when we leave the UK?, or can we leave it where it is until it is required?
sorry so many questions, but would appreciate any help
Thanks
Kim