Treeb
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I am planning to return to the UK for my retirement after 40 years in Oz and I will be transferring all my funds to my UK bank.
I am having difficulty determining if there are any restrictions and limits to how much I can transfer from my bank . I know they have an online daily limit but I can't find information on in bank branch transfers. Is it unlimited because I am leaving permanently?
It is better to use OFX or another exchange service who offer better rates than a high street bank. I cannot determine how the funds are transferred from the bank to the exchange company. Again the online process is restricted to a daily limit but in bank branch transfers may be unlimited. No doubt the banks would charge a fee for that service.
Has anyone had this situation arise?
Transferring cash to UK
in Money & Finance
Posted
Thanks. I'll keep checking things out. Coronavirus has now put my plans on hold unfortunately.