Best rate on bringing USD into AUD

Discussion in 'Financial Planning' started by Bris Jay, 23rd Feb, 2019.

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  1. alicudi

    alicudi Well-Known Member

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    I would contact transferwise and ask, I know I have a few different options on how to make payment each time I organise an international transfer but can't check until I do another transfer what the whole list of funding options include, this could be another day or so.

    Either way paypal may only protect you for transferwise's services (ie: did transferwise succesfully forward the funds for you?) and may not actual protect you for what you are actually importing that was paid for by transferwise.
     
    alicudi, 9th Oct, 2019
    #21
  2. Trainee

    Trainee Well-Known Member

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    Can you use paypal to debit a debitcard that is in foreign currency?
     
    Trainee, 9th Oct, 2019
    #22
  3. Elives

    Elives Well-Known Member

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    will ask but the funds from "transferwise" would be sent to paypals wallet in usd then from paypal wallet to overseas merchant via paypal facility to get the added protection
     
    Elives, 9th Oct, 2019
    #23
  4. alicudi

    alicudi Well-Known Member

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    Attached below are the payment options I am aware of for Transferwise. But you can also look into there new debit card offering as well.

    payment options to transferwise.JPG
     
    alicudi, 11th Oct, 2019
    #24
  5. Trainee

    Trainee Well-Known Member

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    Fees depend on the amount transferred.
     
    Trainee, 11th Oct, 2019
    #25
  6. GoldCoastBound

    GoldCoastBound Well-Known Member

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    .15 with Worldfirst
     
    GoldCoastBound, 26th Mar, 2020
    #26
  7. Redwood

    Redwood Well-Known Member

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    Transferwise is good however i just get ozforex to match it as I have been transferring USD from a Australian based account and then transfer the money to ozforex account in sydney (usd account) and hits my account in a few business days.

    WAs way too hard with transferwise, so just get ozforex to match.

    Cheers Ivan
     
    Redwood, 10th Apr, 2020
    #27
    Sailin likes this.
  8. Tony3008

    Tony3008 Well-Known Member

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    I've used OzForex since before I moved here 11+ years ago, very happy. When I moved here I decided to move the proceeds of sale of my UK home across at £10,000 each week over some months, thus averaging out the exchange rate. Much later I got a letter from the ATO wanting to know why I hadn't declared these earnings - they'd assumed the regular weekly payments were salary or similar!
     
    Tony3008, 10th Apr, 2020
    #28
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  9. geoffw

    geoffw Moderator Staff Member

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    It may have been that triggers were raised for being over the $AUD10,000 mark and so were reported.
     
    geoffw, 10th Apr, 2020
    #29
  10. JohnPropChat

    JohnPropChat Well-Known Member

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    I've done this as well, get money into my USD account with CBA and transfer back to CBA AUD account via OFX Sydney (USD account). From memory CBA had some fees but OFX gave me a bunch of free transfers as part of a membership (Engineers Australia).

    I didn't try getting them to match transferwise, thanks for the tip. If you don't mind me asking, who do you have your USD account with?

    PS: What are WAs?
     
    JohnPropChat, 7th Jul, 2020
    #30
  11. Redwood

    Redwood Well-Known Member

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    Bit like a doctors handwriting mate, messed up the caps....meant was too hard with transferwise just get ozforex to match

    Cheers Ivan
     
    Redwood, 7th Jul, 2020
    #31
    JohnPropChat likes this.
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