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Northern Pom

Transferring UKPounds to AUD

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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

 

 

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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.


PR (100) Planning to move to Perth September 2021

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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).


Chartered Accountant (England & Wales); Registered Tax Agent & Fellow of The Tax Institute (Australia)

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