saz127

Just do it through the bank.

You are getting 50000 GBP for nothing, I wouldn't be getting too greedy about things.

wow thats terrible advice, you are clearly not in finance!

My grandparents worked bloody hard to get their money and then keep it to share with their loved ones, im clearly not being greedy I just dont think its fair to waste it and make a rash decision to send it here and realise there was a better way!

Depends how much we're talking. You can open your own UK account and set that up with a broker. Obviously asking the solicitor to do it is a bit much.

 

For large sums of money, that is what I would do as the added hassle would be worth a couple of grand to me. The 20/30GBP thing is only the fee the banks charge. They make their money by having very wide bid/offer spreads on the exchange rate. Sure there's technically no commission but you still end up with 1-2% less in your pocket at the end of it.

it will be 50,000 GBP so the cost DOES matter to me hence why I am asking for advice...

I need to know the most cost effective way to get the money from UK to AUS so that I can benefit the most from it.

Ive spoken to HSBC they want $250 to set up an English account! Then I guesws I have to pay fees and exchange when they send it?!

Argh so confusing... I dont have anyone in my family who could help, as they all live in UK and are not finance minded :-(

All your advice is keenly sought guys thanks :-)

I have asked the solicitor who is dealing with the inheritance and she said it has to be a UK bank account?! Is she lying to me?

The Money is with a lawyer in UK and she wants to write me a cheque as I dont have a bank account... will I loose heaps if I bank it in my normal bank account here in Oz?

I bank with Westpac here in AUS.

My boss said to use Western Union or such... Please help! I want to try and keep as much as possible and not loose heaps in fees etc so I can put a deposit down on a house so I can stop renting at 30 years old!

Thanks :-)

Hi Where is inner west? Im in Hurstville. I work mon to fri but could catch up on weekends? x

Are there any Navy wives or girlfriends out there?

we have just been moved from QLD to NSW through the navy and I need to make new friends again.

Im from London and been in Oz for 4 years.

Love socialising but dont have the time in the week unless you live close to me in Hurstville - 20 mins away?

Please let me know, im going mad alone!

PS I have a dog and a car :-)