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Found 14 results

  1. John from Moneycorp

    Great exchange rates with moneycorp

    Great exchange rates with moneycorp Are you transferring money to or from Australia? If so then get great exchange rates with moneycorp – plus, as a special offer for Poms in Oz forum members, there will be no transfer fee charges. High street banks can typically charge £10-£40 in transfer fees when making an international payment. See the table below for an illustration on the potential savings you could make by using moneycorp. *based on an exchange rate comparison taken on 1st January 2018 between Lloyds, HSBC, Natwest and moneycorp. Please note that there are additional costs with the service, the high-street banks typically charge £10-£40. Get started with moneycorp and start saving money – https://www.moneycorp.com/uk/campaigns/partners/pio/ Moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276).
  2. Even if you’re settled in Australia, you may still have ties to the UK which mean you are sending regular payments for everything from child support and property maintenance to a UK-based nest egg. Equally, you may be in receipt of a UK pension, or income from a rental property which needs exchanging every month. Even if your payments are less frequent, for paying tuition fees for each school or university term, for example, you can set up automated payments which will save you time and ensure that all your payments are delivered by the date required. The first advantage of this is convenience; funds are collected from your bank account by Direct Debit, converted into the currency you require and sent to the destination that you provide. You can set up and track all the payments online which will save you time and is particularly valuable if you need to settle bills and other payments by a certain date. The Regular Payment Plan (RPP) can also help you plan ahead by fixing the amount of currency received, the sterling debited, or both if you choose to fix the exchange rate. You can fix these payments for up to two years. This means that you can be certain that any required payments will be covered, and if you are receiving a pension payment from the UK you can budget ahead with confidence whatever happens to the exchange rate. You can set these payments up over the phone or organise them wherever you are by accessing your account online and via the moneycorp app. The Regular Payment Plan offers convenience and great value, and provides an easy way to manage your funds across borders with a full clear statement as a record of all your payments. Get started with moneycorp moneycorp offers all our clients a professional service that helps you transfer money across borders and let you get on with enjoying your new life in Australia. As a special offer for Poms in Oz forum members, all transfer fees are waived. It’s free to register for a moneycorp account and you can do this online by clicking here. You can also read more information here on the Poms in Oz currency page – https://www.moneycorp.com/uk/campaigns/partners/pio/ Moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276).
  3. Hello to you all, If a UK property is sold and the money is transferred to an Oz account, is the amount liable for any tax? Just wondered how it all works. Thanks in advance.
  4. Hi all, my query is about transferring money from Dubai to my NAB account. I hear that banks in Oz charge fees for money being transferred from overseas. If that is the case, is it better to use some online exchange / transfer website to transfer money without charges. Any information or tips in regards to transferring money from overseas into an Oz bank Account are welcome! Sent using Poms in Oz mobile app
  5. Big girl

    Transfer of funds online

    Please can somebody help us....we have arrived set up a Moneycorp account, we have online banking with Natwest, all going well until we changed mobile phones with AU SIM cards now we are unable to confirm transactions as we have changed our numbers and cannot update account details online without a card reader, we were not aware of this until we left UK! Called the bank who suggested we go into branch...they do not have any in AU so they then suggested we borrowed an online card reader from a friend or family member....argh!
  6. The fast pace of modern life has been perpetuated by rapid developments in communication technology, which has subsequently given rise to an insatiable demand for convenience, as we seek to manage our hectic schedules.So why should sending money overseas be any different? Well, when you need to move your money to or from Australia this comes with extra considerations and potential risks such as currency market volatility. The exchange rate fluctuating can impact the value of any money transfers you need to do; it’s an important factor to be aware of.However, many of us who need to make a money transfer abroad are still under the impression that using our high street bank is the easiest option, when in fact it can be more hassle; not to mention more expensive. After all, you wouldn’t hesitate to shop around when servicing other financial needs – such as insurance – fully aware that specialists in the field tend to offer better services and can be more competitive on price. A reputable foreign exchange company can help simplify the international money transfer process and are typically cheaper than a bank.How can I save money?Consider using a foreign exchange specialist company like moneycorp. They offer great exchange rates when sending money to or from Australia. When using your bank you may not always receive the most competitive exchange rate and generally they may be more expensive to use as you are likely to be charged additional fees. As a special offer, Poms in Oz members benefit from free transfers from moneycorp on all transactions.Security moneycorp has been in the foreign exchange industry since 1979 and last year alone conducted around 7. million currency transactions and traded £24.6 billion on behalf of its customers. All customer funds are safeguarded in segregated client bank accounts Get started with moneycorp It's free to register for a moneycorp account and you can do this online by clicking here. It only takes a few minutes to register – you can then start saving money on your overseas currency transfers. Once registered, you will be assigned an Account Manager who will be your main point of contact and they can provide quotes and information on the Australian dollar as and when you need it.You can also read more information here on the Poms in Oz currency page: www.moneycorp.com/uk/campaigns/partners/pio/ moneycorp is a trading name of TTT Moneycorp Ltd. which is authorised and regulated by the Financial Conduct Authority for the provision of payment services.
  7. John from Moneycorp

    Money transfers explained

    Value for money when buying your Australian Dollars Starting your new life in Australia is likely to involve making money transfers. With constantly fluctuating markets, when you make them is crucial. Using a foreign exchange specialist will help you get the most for your money. Their experts will monitor the currency markets and understand your needs, ensuring you make your transaction at the best possible time, at the best possible rate. Moving overseas needs planning and what with the scores of items on your checklist, the one that can make the most difference to you often gets forgotten; foreign exchange. It is free to speak to a currency specialist like Moneycorp and the knowledge gained, although very straightforward, can help you to secure significantly more Australian dollars for your pounds. Whatever your situation, it is important to identify and minimise the risk that the Australian Dollar may move against you and make everything that you are intending to buy in Australian more expensive. When moving to Australia, like any other foreign country, your currency options depend upon whether you have access to some or all of the funds you wish to transfer. Three different scenarios you could be in are: I have access to all of the funds – what are my options? If you have access to all the funds, you have two choices: one that enables you to know exactly what dollars you will be receiving and one which is more, “high risk”. The, “risk free solution” would be to buy all of your Australian dollars straight away. You then know exactly how many dollars you have and can budget accordingly. This is called a “spot” transaction. The “high risk strategy” would be to buy the Australian dollars at the last minute and only when you need them. This means that you would have to buy at the prevailing exchange rate, which could induce some sleepless nights ahead especially if you are on a tight budget. I do not have access to all of the funds – what are my options? Even if you don’t have access to all of your funds at the outset you can still play it safe. The solution is to buy one or more “forward contracts”. In essence, a forward contract means that you can buy the currency now, and pay for it later. You will be required to pay a 10% deposit and the 90% balance upon the maturity of the contract. For example, if you wish to buy £50,000 worth of Dollars, but do not need to send them for 8 months, you can agree the exchange rate now, place a £5,000 deposit and pay the remaining £45,000 in 8 months. If the exchange rate moves at all in that 8 month period, you will not be affected as you have bought currency at the originally agreed rate. I have strong views about future exchange rates – what are my options? If you have strong views about future exchange rates, you could wait to buy your currency at some stage between having your visa granted and physically needingthe money in Australia. In this instance Moneycorp can arrange a “market order”. This allows you to target a better rate of exchange. We monitor the markets on your behalf and should the market reach your predetermined exchange rate, your currency is bought automatically. Your order is live 24 hours a day and can be amended or cancelled at any time prior to the transaction taking place. So why use a specialist instead of your bank? Because making transfers with companies like Moneycorp is faster, more convenient and more cost effective. Whether you’re making regular transfers, or simply need to make a one-off payment, they don’t charge commission and guarantee no receiving bank charges. Regular payments automated If you need to make regular payments, such as monthly repayments on a mortgage or a pension transfer, we can arrange it for you via our Regular Payment Plan (RPP). This plan removes the inconvenience of arranging individual monthly transfers through your bank. Set it up once by Direct Debit and receive foreign currency in your Australian bank account every month. Summary of benefits Expert, helpful staff. Highly competitive exchange rates. No commission or receiving bank charges. Ability to fix exchange rates for a set time period, protecting from adverse currency movements. No cost and no obligation in opening an account. Moneycorp offers free international money transfers for all Poms in Oz members More information is available on our money transfers homepage - https://www.moneycorp.com/uk/campaigns/partners/pio/
  8. Plan ahead by moving overseas with the experts! Moving to Australia is not without its ups and downs. To make sure you stay ahead of the game, it pays to be well informed. Everyone wants to start their new life down under with as much money as possible and there are a number of things you can do to ensure you make the most of your funds. Key topics always discussed on the forum include moving your possessions, shipping your car, transferring your money into your new Australian bank account and getting a mortgage. Poms in Oz is hosting Live Chat sessions with leading experts in banking, currency exchange, international removals, financial advice & vehicle importation and these sessions will take place on 04th July 2011 from 8pm-10pm (UK Time). National Australia Bank, Moneycorp, PSS International Removals, Vista Financial Services and Iron Chef Imports will be on hand to answer any questions you may have about your move. To participate, click on the 'chat' menu option at the top of the page. Clicking on chat will launch the chat software. There will different 'rooms' for each of the different companies. Unregistered guests can participate by following this link - Chat with Industry Experts, then, once the chat software has loaded, tick the 'Guest' option at the top of the chat window, then choose a username and click 'Login' and enter the 'Moneycorp, NAB, PSS, Vista Financial Services or Ironchef' chat rooms. National Australia Bank [img2=right]http://www.pomsinoz.com/images/chat-nab.png[/img2] Rebecca Joils will talk about the Australian Banking system providing you with some insights as to what is different between the UK and Australia. She will also talk about how straight forward it is to open an Australian Bank account before you leave home and some of the services you should consider. Moneycorp [img2=right]http://www.pomsinoz.com/images/chat-moneycorp.png[/img2] Whether you are moving to Australia, or living there already, Jonathan Griffith will bring you the latest updates on the Aussie dollar and provide insight into the key factors influencing market movements. Exchange rates are constantly fluctuating and transferring your funds at the right time, via the right channel, can make a big difference to the amount of money you actually end up with. PSS International Removals [img2=right]http://www.pomsinoz.com/images/chat-pss.png[/img2] One of the key ingredients when you are moving overseas is the planning of your removal. Liam Witham will be on hand to offer advice and answer any questions you may have regarding the packing and shipping of your household effects, including what items you can ship to Australia, Australian Customs procedures and AQIS. Whether you are importing household effects or just a vehicle, it is never too early to start researching or to start the process. Vista Financial Services [img2=right]http://www.pomsinoz.com/images/vista-financial.png[/img2] Andrew Williams is both a UK qualified and Australian practicing Financial Adviser and Mortgage Consultant specialising in advising UK expats in Australia on the transition and development of their financial affairs. From assisting clients with securing their first Australian mortgage through to working with them to understand whether transferring their UK Pensions is in their interests, Andrew is able to help answer your questions and concerns on a wide range of financial planning matters. Iron Chef Imports [img2=right]http://www.pomsinoz.com/images/ironchef.gif[/img2] Iron Chef Imports is a small, Australian-based business that specialises in arranging transportation of vehicles from anywhere in the world to any port in Australia. For a fixed brokerage fee, we can help arrange your vehicle's import approval paperwork, shipping, customs clearance and registration in Australia. Aside from our fee, all other costs are invoiced to you directly - no hidden markups! We're also happy to advise you if it's worth bringing your car over before you start (that part's free!). PetAir UK [img2=right]http://www.pomsinoz.com/images/petair.png[/img2] PetAir UK is a unique pet travel service run by specialised vets for ultimate peace of mind. We will transport your pets safely and comfortably - worldwide. No matter what the journey, we will remove the stress of complicated pet travel arrangements and ensure the best possible service to our clients and their much-loved companions is one of our highest priorities. We operate a 'one of the family' policy, where all animals are treated with the same respect and care as our own pets. We know how much it means to you that your beloved pet arrives safely and by using PetAir UK you can assure yourself you are providing the very best care for your pet. We offer truly comprehensive packages which provide absolute continuity from start to finish. Every client is allocated one of our personal veterinary consultants who will oversee every step of the process. From complex documentation and import permit applications through to last minute flight changes, nothing is a problem for our competent and dedicated team.
  9. Just a quick reminder that we'll be holding one of our regular chat events tomorrow evening. Plan ahead by moving overseas with the experts! Moving to Australia is not without its ups and downs. To make sure you stay ahead of the game, it pays to be well informed. Everyone wants to start their new life down under with as much money as possible and there are a number of things you can do to ensure you make the most of your funds. Key topics always discussed on the forum include moving your possessions, shipping your car, transferring your money into your new Australian bank account and job hunting. Poms in Oz is hosting Live Chat sessions with leading experts in banking, currency exchange, international removals, job searching & vehicle importation and these sessions will take place on 22nd March 2011 from 8pm-10pm (UK Time). National Australia Bank, Moneycorp, PSS International Removals, Hire A Migrant and Iron Chef Imports will be on hand to answer any questions you may have about your move. To participate, click on the 'chat' menu option at the top of the page. Clicking on chat will launch the chat software. There will different 'rooms' for each of the different companies. Unregistered guests can participate by following this link - Chat with Industry Experts, then, once the chat software has loaded, tick the 'Guest' option at the top of the chat window, then choose a username and click 'Login' and enter the 'Moneycorp, NAB, PSS or Ironchef' chat rooms. National Australia Bank [img2=right]http://www.pomsinoz.com/images/chat-nab.png[/img2] Rebecca Joils will talk about the Australian Banking system providing you with some insights as to what is different between the UK and Australia. She will also talk about how straight forward it is to open an Australian Bank account before you leave home and some of the services you should consider. Moneycorp [img2=right]http://www.pomsinoz.com/images/chat-moneycorp.png[/img2] Whether you are moving to Australia, or living there already, John Kinghorn will bring you the latest updates on the Aussie dollar and provide insight into the key factors influencing market movements. Exchange rates are constantly fluctuating and transferring your funds at the right time, via the right channel, can make a big difference to the amount of money you actually end up with. PSS International Removals [img2=right]http://www.pomsinoz.com/images/chat-pss.png[/img2] One of the key ingredients when you are moving overseas is the planning of your removal. Liam Witham will be on hand to offer advice and answer any questions you may have regarding the packing and shipping of your household effects, including what items you can ship to Australia, Australian Customs procedures and AQIS. Whether you are importing household effects or just a vehicle, it is never too early to start researching or to start the process. Hire A Migrant [img2=right]http://www.pomsinoz.com/images/hireamigrant.jpg[/img2] Jamie Smith will answer questions about how Hire A Migrant can find your next employer while you remain at home with family - and your existing employer . Learn how Hire A Migrant makes direct approach to targeted employers, avoids unhelpful recruiters, impersonal job boards and taps into the 75% of jobs that are not advertised in Australia - so you can keep earning a wage in current employment and keep your family together. You'll also find out the true costs of doing-it-yourself to find a job in Australia. Iron Chef Imports [img2=right]http://www.pomsinoz.com/images/ironchef.gif[/img2] Iron Chef Imports is a small, Australian-based business that specialises in arranging transportation of vehicles from anywhere in the world to any port in Australia. For a fixed brokerage fee, we can help arrange your vehicle's import approval paperwork, shipping, customs clearance and registration in Australia. Aside from our fee, all other costs are invoiced to you directly - no hidden markups! We're also happy to advise you if it's worth bringing your car over before you start (that part's free!).
  10. [img2=right]http://www.pomsinoz.com/forum/../images/moneycorp-graph-pio.png[/img2] Australian dollar – review from Moneycorp Following the spike in autumn 2008, which took it to a five-year high at $2.70, sterling spent two years on the retreat, losing more than half its peak value in the process. It bottomed out at $1.51 in late December, an all-time low, rebounding to $1.60 in early January. Since then it has gone nowhere. For eight weeks the pound has inhabited a five-cent-wide channel between $1.5750 and $1.6250, moving up and down through the $1.60 midpoint two or three times a week. There is no particular reason for the Aussie's temporarily high correlation with sterling. If anything, the dollar should still be making hay while the sun shines on its 4.75% Cash Rate as it snows on the pound's 0.5% Bank Rate. The two currencies are subject to different pressures even apart from the interest rate differential. The UK economy is heavily dependent on the contribution from financial services, a sector that was hard-hit by the crisis and precipitated the recession. Australia's mining and agricultural sectors are big exporters of products for which there has been consistent demand from, among others, China. That steady flow of exports helped Australia to avoid recession entirely. Britain's economy grew by 1.5% in 2010 while growth in Australia pushed ahead by 2.7%. Investors are under no compulsion to keep currencies on the move, even though that is what they usually do. With the goings-on in Egypt, Libya and the Gulf they see no reason to send GBP/AUD one way or the other, hence this temporary stability in the exchange rate. But that it what it is likely to be; temporary. The next chapter For more than twenty years the pound spent the vast majority of its time wandering between $2 and $3. Against that background the Australian dollar's current strength could be a fluke, soon to be corrected. It could also reflect a fundamental change in the world order. The pain felt by Britain's economy is far from over. Negative growth in the fourth quarter of 2010 was a reminder that there is no simple choice between forward and reverse for an economy. America has shown that growth does not necessarily bring more jobs and greater spending power. UK government spending cuts and tax increases will be felt more deeply as the months go by and it will be years before things get back to "normal". House prices are stagnant and there is a yawning gulf between bid and offer. The indices from Halifax, Nationwide and the Land Registry that plot transaction prices show an average property changing hands at £162,854. The one from Rightmove that plots asking prices shows sellers asking £233,121 for that same average house. Another problem is the inflation that eats further into people's spending power. At 4% it is twice as high as it should be. Without January's VAT increase and high oil and food prices inflation would be fairly close to its 2% target but that's like saying without all this rain we would be able to sunbathe. It looks as though the Bank of England is beginning to lean towards an interest rate increase, if only to prove to the world that it is not asleep on the job. That prospect is helping the pound. The Australian dollar has already done that legwork. With no recession to worry about the Reserve Bank of Australia has raised its cash rate from 3% to 4.75% over the last 18 months. The rate could go higher still in the second half of this year. There has been no fall in house prices either, despite warnings of a bubble. The Economist said recently that Australian house prices are the most inflated in the world, 56% above fair value. It is not a new argument but it does make you wonder whether the 5.8% increase in 2010 reported by the Australian Bureau of Statistics will be repeated in 2011. The other bubble faced by the Australian economy and the dollar is the one inflating in Southeast Asia. Beijing has so far been reluctant to lean too heavily on the rising commodity and asset prices that are fuelling inflation there but analysts worry that the longer the authorities do nothing, the bigger the problem they lay in store. If demand from China were to slow sharply it would dampen appetite for the Australian dollar and other commodity-related currencies. Summary After more than two months steady around $1.60 the only reason to expect the GBP/AUD exchange rate to move is because it cannot remain static forever. Still close to its all-time highs against the US dollar, the euro, the yen and the pound the Aussie is undoubtedly overvalued. That suggests the next move for sterling will be upward but it does not indicate when, nor does it prevent the Aussie becoming even more overvalued in the meantime. Click here for more information on the Australian dollar and receiving the best exchange rates.
  11. Cerberus1

    Chat live with Moneycorp now

    Just a quick reminder that we are currently holding a live chat session with Moneycorp, which will run until aprox. 21:30 UK time. To take part, click the 'chat' button at the top of the page (in the orange menu bar) or use this link - Moneycorp Chat Once the chat software has loaded, enter the 'Moneycorp' chat room. (If you're a guest on the website, when the chat window loads, click the green icon next to where it says Unregistered ( available) - then choose 'Edit your profile' and choose a nickname first.) John Kinghorn and Jonathan Griffith from Moneycorp are hosting the chat and will be on hand to answer and exchange rate / money transfer queries you may have The session will will last approximately 2 hours. Whether you are moving to Australia, or living there already, John will provide the latest updates on the Aussie dollar and give you some insight into the key influencing factors. Exchange rates are constantly fluctuating and transferring your money at the right time, via the right channel, will make a big difference.
  12. Weekly currency update from Moneycorp [moneycorp]10168283[/moneycorp]
  13. Hi, I have been using the Global Payment System (GPS) which is Moneycorp's online system to transfer my money. It is OK to use but is not as simple as I thought it could be. It is handy and quick'ish to move your money though. However, my major concern is that the exchange rate offered always seems to be about the 'bank rate' advertised on PIO home page, not the Moneycorp rate. Has anyone else noticed this or am I the only one daft enough to trust a computer? If Moneycorp's rates really aren't correct on the PIO home page (there is a caveat in the smalls) then this is misleading at the best. I have PM'd John from Moneycorp wrt this but no reply as yet. Can anyone shine some light on the differences in exchange rate between GPS and the POI home page? Does anyone actually get the rate advertised? I'm a skinflint and every cent counts so any advise on getting a better deal is appreciated.:jimlad:
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