Bladder Posted September 21, 2006 Share Posted September 21, 2006 Hi all, Just letting you know that we agreed our money transfer today with 'Moneycorp'. We got an exchange rate of $2.4914 which is apparently as good as its been for a while. We have it secured, so once the house goes through at the end of October, we can tranfer it over and fly away! We do need to set up a bank account in Oz before we go though, Apparently 'Westpac' bank allows immigrants to set up a bank account before arrival, has anyone used them for this facility, or any other bank for that matter? Singapore airlines have offered £454 per person for one way tickets, with 40kilo baggage each. Offer stands until end of November. Everything crossed now that there is no hiccups with the sale of this place. Rik Link to comment Share on other sites More sharing options...
Guest scott&lisa Posted September 21, 2006 Share Posted September 21, 2006 Hi Rik, We opened a bank account with Westpac 2 weeks before we flew out to Oz. We just received an email from them with our bank account details on and instructions on what to do once we arrived in the country. You go into any branch of Westpac with your passport to ID yourself and sign a few forms and thats it, they will order your bank cards and off you go. We also arranged for our currency broker (hifx) to transfer the money into our Westpac account the day after we arrived so it was there waiting for us to use once we had done our ID. (to take money out of your account before you get your bank cards you just go to any branch, fill in a withdrawal slip and show them your passport). We wanted to open an account with HSBC before we left but they advised us you need to do this at least 6-8 weeks before you leave. Hope this helps and good luck with your house sale. Lisa Link to comment Share on other sites More sharing options...
Guest Fraser Posted September 21, 2006 Share Posted September 21, 2006 Australia has 4 "big Banks" Westpac, ANZ (Asutralia & New Zealand), Commonwealth, NAB (National Australia Bank) We also have a few medium sized ones (Bank of Queensland, Suncorp Metway, BankWest etc). For any Scots travelling to WA, BankWest is owned by Bank of Scotland, and should be easily able to set up and transfer accounts (and more importamtly, provide banking references against credit card limits). All Australian banks are well-usd to imigrants. It is nothing new for them. Link to comment Share on other sites More sharing options...
Bladder Posted September 21, 2006 Author Share Posted September 21, 2006 Thanks Lisa. Link to comment Share on other sites More sharing options...
Guest George Posted September 21, 2006 Share Posted September 21, 2006 The rates are good at the moment but have been higher (and much lower of course). The money markets are pricing in another UK interest rate rise in November, possibly October given the high inflation rates 'discovered' by the BoE. I'm waiting to for this rise before I transfer any further funds, it may well be worth a few extra dollars. Link to comment Share on other sites More sharing options...
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