Best rate on bringing USD into AUD

A close friend of mine passed away in the US and his wife is Australian so she's moving back here to be with family. She will be bringing her savings with her and I was wondering which service people use to exchange currency?

The fees and rates are all over the place and I assume some PCers would have moved money back from the US to Australia. What did you find to be the best way to do it?

 

I use ozforex, excellent.

Be interested if there is anything better?

Was using xe trade.... woeful

 

TransferWise.

After a lot of research, trial and error, several changes this one wins hands down every time. Especially for larger amounts.

I used to use XE.com. But have now moved to transfer wise.

Blacky

 

How does it work with transferwise to send currency back to Australia?

 

Set up a profile with them.

Set up a transfer.

Select account to receive the funds into (and currency)

Hit ‘go’

Then transfer the funds to transfer wise, and they put the funds into you australian acct.

Easy. Takes less than 5mins. And you recieve the money in about 3days

 

With ozforex I receive funds in 1 day

Service is excellent, have you ever used them?

I will into transferwise

 

Ozforex?
Nope. Haven’t used them.

I’m not so worried about if it takes me one day or one week to get my money. I’m more concerned with saving $$$

I’m happy with a 3day turnaround to save a couple of grand.

Blacky

 

Had no idea you are saving this much? Brilliant

 

World first is a better option than transferwise I have found. OFX are too pricey and restricted by our authorities. Transferwise are good if you are importing from China and other places but no good if importing from India!

 

Is that because they have lower fees?

 

Transferwise fees are very competitive but they don't work with India so we use world first.

There's an interesting write up in the FR today about the rapid growth of transferwise.

 

Probably because of that debit card. Dont know if any other fx companies offer this.

 

Hi All i import goods from china now and again through paypal which charges me a 2-3% fee for changing aud to usd for transfers via paypal. is it possible to use my au bank account and transfer via these websites listed above to usd and then transfer the usd into paypal and then make the paypal transfer to the Chinese merchant?

 

Don't use paypal for international purchasing, you are throwing $$$'s out the window. Check out and test www.transferwise.com, the savings are considerable for each transfer.

 

I also moved from ozforex to transferwise. Much better rate and faster.

 

Have successfully used the transferwise debit card. You can buy on overseas websites and they charge you in foreign currency.

 

I am going to look at that later this month

 

Do they charge a fee or mark down exchange rate ?

 

Yes they do

 

i need to use paypal as if you purchase an item and it's not what it seems you've covered for refunds up to 180 days from day of purchase. is it possible to do the above and transfer the usd back to paypal wallet? as i need to make the payment via paypal. just getting hit with high charge for conversion from au to usd