Northern Pom Posted June 11, 2021 Share Posted June 11, 2021 Hi, we are about to transfer monies from sale of UK property to Australian bank account using one of the foreign exchange companies ie wise or torfx. Once monies are in solicitors hands can the money go straight to a forex company for transfer to Australian bank account or do we have to involve a UK bank to deposit monies in forex company. We dont have a UK bank account and dont really want to go down the path of opening a Uk bank account. Thanks in advance for any help Quote Link to comment Share on other sites More sharing options...
Jon the Hat Posted June 11, 2021 Share Posted June 11, 2021 As long as you authorise your solicitor they should be able to transfer it direct to the FX account - suggest you talk to them about what they need from you to do that. Quote Link to comment Share on other sites More sharing options...
Ken Posted June 12, 2021 Share Posted June 12, 2021 If you have a debit card account with Wise they can give you your own UK account number and sort code so it's just like having a bank account with Wise (except you can easily transfer into a different currency and if you spend with the debit card in any currency it will use which currency you have available in your account). Quote Link to comment Share on other sites More sharing options...
Chocci Posted June 14, 2021 Share Posted June 14, 2021 We did a FX with Wise as their rates beat Revolut and OFX. Just be aware that before Wise allow you to do the FX they may require you to submit the paperwork proving sale of property which may take further 1-3 days for them to process. Our funds came from UK bank account so we also had to provide statement to prove receipt of funds into that account (matching sale price). Maybe more straight forward if you deposit into Wise. Quote Link to comment Share on other sites More sharing options...
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