JR1988 Posted August 15, 2017 Share Posted August 15, 2017 Has anyone got any tips for setting up a bank account in oz and transfering money from my UK account to the oz account? Just been to see someone in my bank and they didnt have a clue how i can transfer money from one to the other I get charged if i pull the money out the ATM using my UK account and would be a limit on doing this so whats the easiest and cheapest way? Looking to transfer a few £1000 to a oz account Thanks Quote Link to comment Share on other sites More sharing options...
JR1988 Posted August 15, 2017 Author Share Posted August 15, 2017 also who is the best bank to go with for people on a WHV ? Quote Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted August 15, 2017 Share Posted August 15, 2017 Happy to have a chat on transferring money - feel free to private message or email me - john.kinghorn@moneycorp.com Thanks John Quote Link to comment Share on other sites More sharing options...
Werneroeder Posted August 15, 2017 Share Posted August 15, 2017 We are with HSBC, and you can open an account in Australia and link it to your UK HSBC account and money transfers are free. Quote Link to comment Share on other sites More sharing options...
TheWayOfThePony Posted August 15, 2017 Share Posted August 15, 2017 A few of the main Australia banks (NAB, Westpac etc) offer the option of a migrant account that you can open online from the UK without an Aussie address up to 12 months before moving there. Not sure if it has restrictions of use, but worth looking into? Quote Link to comment Share on other sites More sharing options...
JR1988 Posted August 15, 2017 Author Share Posted August 15, 2017 (edited) Im not with HSBC but might be worth opening an account while im here if its free to transfer Ive read that most of the banks in oz charge a "account keeping fee" of a few $ a month, are there any that dont charge? Ive come across Transferwise which looks like a decent way of transfering money and has some good reviews, anyone here used them? https://transferwise.com/gb/send-money/send-money-to-australia Edited August 15, 2017 by JR1988 Quote Link to comment Share on other sites More sharing options...
Werneroeder Posted August 15, 2017 Share Posted August 15, 2017 1 minute ago, JR1988 said: Im not with HSBC but might be worth opening an account while im here if its free to transfer Ive read that most of the banks in oz charge a "account keeping fee" of a few $ a month, are there any that dont charge? Ive come across Transferwise which looks like a decent way of transfering money and has some good reviews, anyone here used them? https://transferwise.com/gb/send-money/send-money-to-australia First Direct is free too, but that's probably because they are part of HSBC. Quote Link to comment Share on other sites More sharing options...
VERYSTORMY Posted August 15, 2017 Share Posted August 15, 2017 if you look down the forum homepage, you will see a entire section for NAB who are one of Australia's biggest and you can chat to them on the forum and help you open an account before you arrive 1 Quote Link to comment Share on other sites More sharing options...
JR1988 Posted August 15, 2017 Author Share Posted August 15, 2017 Ok thanks il check that out Quote Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted August 16, 2017 Share Posted August 16, 2017 Always worth checking out the exchange rate you are actually getting - then compare it - some banks offer a fee free service, however it is also important that you receive a competitive exchange rate. Thanks John Quote Link to comment Share on other sites More sharing options...
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