markp Posted February 6, 2015 Share Posted February 6, 2015 Hi All, Anyone know the best people to use if I want to sell British pounds and buy Australlian dollars? I know Moneycorps are on this forum. Any others worth exploring? Cheers. Mark Link to comment Share on other sites More sharing options...
djfuddy Posted February 6, 2015 Share Posted February 6, 2015 We used UKForex and their rate was 3 cent better. Great service and would recommend Link to comment Share on other sites More sharing options...
Guest Bora Posted February 6, 2015 Share Posted February 6, 2015 Moneycorp. I used to recommend Moneycorp to my clients for 6 years, and have used them personally many times. Get in touch with John Kinghorn , there on here advertising also. Link to comment Share on other sites More sharing options...
Gbye grey sky Posted February 6, 2015 Share Posted February 6, 2015 I have to say that I have been very happy with Moneycorp's service and the rates. Can be hard I imagine to make fair comparisons when rates are so volatile. Link to comment Share on other sites More sharing options...
markp Posted February 7, 2015 Author Share Posted February 7, 2015 Thanks Everyone! Link to comment Share on other sites More sharing options...
markp Posted February 7, 2015 Author Share Posted February 7, 2015 I tried to sign up with Moneycorp but I don't think their registration process is fully device (iPad) responsive. Two efforts and an email chaser from them asking me to complete my registration... Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted February 7, 2015 Share Posted February 7, 2015 I tried to sign up with Moneycorp but I don't think their registration process is fully device (iPad) responsive. Two efforts and an email chaser from them asking me to complete my registration... Please can you private message me your full name and email address - I will ask one of the team to look into it. Thanks John Link to comment Share on other sites More sharing options...
lounrich Posted February 16, 2015 Share Posted February 16, 2015 I've been using Transferwise for mine and so far no problems, in fact I think its a great little service. Just transferred £1000 and only got charged less than £5 fee, and received roughly £$1.97 to each £1. Also very user friendly, once you've properly set up and verified your account transferring is a doddle, I have the app on my iPhone and can do transfers from there as well as on the laptop. The company is run/set up by the same people who run Skype. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 16, 2015 Share Posted February 16, 2015 When we moved our money from our property sale many years ago now I researched and researched on who to use as I had never transferred money before and was petrified of it vanishing in to thin air. We settled on Moneycorp and I have to say they were fantastic and answered every silly question I had. They partnered up with the forum and offer all our members free transfers and a better exchange rate than others, also if you bank with the NAB they will pay the receiving fees as well. People tend to forget that most of the banks charge a fee of between $15 and $50 to receive your money. Link to comment Share on other sites More sharing options...
wandarri Posted February 17, 2015 Share Posted February 17, 2015 We used Globalreach-partners (peter) - they were excellent and very proactive and gave us the best rate by far (and my husband extensively researched!). Link to comment Share on other sites More sharing options...
lounrich Posted February 19, 2015 Share Posted February 19, 2015 Using Transferwise I didn't get charged any fees by my Australian bank (NAB - who by the way are fantastic) for receiving the transfer of money into my account. Only fee I got charged was by Transferwise, I think it was about £4.87 on £1000 transfer at £1.98 exchange rate. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 20, 2015 Share Posted February 20, 2015 Using Transferwise I didn't get charged any fees by my Australian bank (NAB - who by the way are fantastic) for receiving the transfer of money into my account. Only fee I got charged was by Transferwise, I think it was about £4.87 on £1000 transfer at £1.98 exchange rate. You see that's why I used Moneycorp as for larger sums it's a better rate and you don't pay any fees at all. Plus I just don't like companies who haven't been trading for long. I prefer more established companies. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 20, 2015 Share Posted February 20, 2015 Just reading up on Transferwise on top of their fees they charge for swift transfers https://transferwise.com/support/customer/portal/articles/1663580-what-are-swift-payments and eek it's part of PayPal after all the hassle I've had with them I think I will give it a miss unless I was transferring a tiny amount Link to comment Share on other sites More sharing options...
lounrich Posted February 20, 2015 Share Posted February 20, 2015 The original OP was just asking about alternative money changers to compare/contrast and I was just giving him my experience. Each to their own. I have found Transferwise a delight but of course there are many other money exchange services available. Link to comment Share on other sites More sharing options...
lounrich Posted February 20, 2015 Share Posted February 20, 2015 Just reading up on Transferwise on top of their fees they charge for swift transfers https://transferwise.com/support/customer/portal/articles/1663580-what-are-swift-payments and eek it's part of PayPal after all the hassle I've had with them I think I will give it a miss unless I was transferring a tiny amount OP wants to buy AUD with GBP. With Transferwise this is done by local transfer within Australia. SWIFT payment would only be used if he was wanting to transfer AUD to GBP. But as I said before, other money exchange services are available. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 20, 2015 Share Posted February 20, 2015 The original OP was just asking about alternative money changers to compare/contrast and I was just giving him my experience. Each to their own. I have found Transferwise a delight but of course there are many other money exchange services available. That's great that you had a positive experience with them, I've seen a lot of negative and the only ones giving positive reviews tended to be the ones who get the free transfer if they promote them and say how wonderful they are (I'm not saying you are so don't panic) I just hate companies that have to blackmail clients for them to give positive feedback. The way Transferwise is set up I just wouldn't be willing to take the risk for large amounts. I am a real penny pincher lol :laugh: I need to know my money is safe and their system seems very risky to me (below) but as long as you are happy that's great news and I would never question that. We all do what's right for us. TransferWise operates on a similar principle as the hawala money transfer system out of the Middle East and South Asia, a 1000-plus year old style of money brokerage in which value is transferred back and forth between networks of brokers, as the agents add or subtract money between the parties at either end of the transfer, minus a small commission, and little money ever actually crosses a border. International money laundering authorities don’t like hawala because such transactions typically lack an audit trail, making it an ideal vehicle for money laundering, and in South Asia, such networks have a very negative connotation Link to comment Share on other sites More sharing options...
lounrich Posted February 20, 2015 Share Posted February 20, 2015 I am definitely not trying to promote Transferwise for any Personal gain, I just genuinely found them good value with a very user-friendly interface. This is just my experience. As for the way they actually handle their money transactions, I'm afraid I must be a little more carefree with my cash, I just saw that they were appropriately regulated and trusted in that. Link to comment Share on other sites More sharing options...
FOL Posted February 20, 2015 Share Posted February 20, 2015 It's not just about the fees, but also about the rate. We used Ozforex (EUR <-> AUD). Best rates for us at that time and no fees (over 10k) Link to comment Share on other sites More sharing options...
markp Posted February 21, 2015 Author Share Posted February 21, 2015 Thanks everyone. Very interesting! Link to comment Share on other sites More sharing options...
Parley Posted February 21, 2015 Share Posted February 21, 2015 I just went with my bank. Fee free and a great rate at the time. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 21, 2015 Share Posted February 21, 2015 I just went with my bank. Fee free and a great rate at the time. That is great, who did you use Parley Link to comment Share on other sites More sharing options...
Parley Posted February 21, 2015 Share Posted February 21, 2015 National Australia Bank. I was a staff member at the time and so no fees. I did get a great rate of 2.55 at the time. Don't know whether could have done better elsewhere as didn't look but luck would have it was a great time for bring money over in about 2004 I think it was. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 21, 2015 Share Posted February 21, 2015 National Australia Bank. I was a staff member at the time and so no fees.I did get a great rate of 2.55 at the time. Don't know whether could have done better elsewhere as didn't look but luck would have it was a great time for bring money over in about 2004 I think it was. Wow I learn something new about you every day lol. Yes it will have been 2004 as that's when we moved over as well. Link to comment Share on other sites More sharing options...
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