You will see the converted amount appear in the amount field and in the Australian Dollar that you want. Done!
Banks and currency brokers for far too long have been taking large spreads, commissions and extra hidden charges when sending money abroad or selling you travel money. Using a transparent currency specialist online like The Currency Club will give you access to the live prevailing GBP to AUD interbank exchange rate before confirming your exchange rate. You receive an all inclusive price and then can then make a direct comparison with other providers and the margins that they are taking. There will be no hidden charges and you will be able to see clearly the expected margin from the live GBP to AUD exchange rate.
Perhaps you are emigrating to Australia, looking to buy a house deep down south or you have another reason, there are a wide variety of options when sending money from the UK to Australia.
Our quick tips to send money to Australia will help guide you to make the most informed decision to transfer money quickly and cheaply
1) Sending money via your bank
Although sending money via your bank can be convenient it can usually be the most expensive way to send money to Australia.
2) Sending money via a currency specialist
This is the favoured method as you can save as much as 4% using the correct currency specialist to send money to Australia.
The question really comes down to finding the right currency specialist to help you.
Majority of traditional currency specialists hide the mark up that they make within the GBP to AUD rate of exchange therefore not providing you with a fully transparent service, Always look for the currency specialist who provides a level of transparency and allows you to access the live interbank exchange rate before confirming your best exchange rate.
The way to send money in the cheapest manner is to start your search online. There are a wide range of currency specialists to choose from. You can compare their rates directly from their live pound to Australian dollar prices as offered online.
Choose a currency specialist that is correctly registered and or regulated with the Financial Conduct Authority and holds a licence with HMRC as a money service business.
It is always a good idea to compare providers to get the best pound to aud exchange rate. Additionally, it is a good idea to speak to a currency specialist over the phone who can also assist you with the timing of when you transact and therefore can optimise your pound to AUD exchange rate.
Last updated on
Source: compareholidaymoney.com
You send
Recepient gets
| You send | Exchange rate | Recipient receives (After fees) |
*You could save | |
|---|---|---|---|---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.
Last updated on 08-12-2024 06:16:55
Last updated on 08-12-2024 06:16:55
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Last updated on 08-12-2024 06:16:55
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Last updated on 08-12-2024 06:16:55
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Last updated on 08-12-2024 06:16:55
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Last updated on 08-12-2024 06:16:55
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Inverse Rate |
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Last updated on 08-12-2024 06:16:55
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We are pleased to announce that, starting from 16-Sep-2024, our international payments service for corporate clients will be managed by our sister company, Sterling FX. The Currency Club platform will now focus more on private clients, while Sterling FX will continue to cater to institutional business needs.
Please note that, aside from being redirected to the Sterling FX website, the following will remain unchanged:
You can continue to log in using your existing credentials.
You will continue to work with the same points of contact. All our team members are being retained in their current roles.
The agreed fixed margins on your account will remain the same.
The services we have provided to you thus far will continue to be offered by Sterling FX. The only differences will be slight changes to the interface, such as the website, logo, and color scheme.
We are excited to continue doing business with you and greatly appreciate your ongoing partnership.
As always should you have any questions, please feel free to get in touch on +44(0) 207 723 7000.
We are pleased to announce that, starting from 16-Sep-2024, our international payments service for corporate clients will be managed by our sister company, Sterling FX. The Currency Club platform will now focus more on private clients, while Sterling FX will continue to cater to institutional business needs.
Please note that, aside from being redirected to the Sterling FX website, the following will remain unchanged:
You can continue to log in using your existing credentials.
You will continue to work with the same points of contact. All our team members are being retained in their current roles.
The agreed fixed margins on your account will remain the same.
The services we have provided to you thus far will continue to be offered by Sterling FX. The only differences will be slight changes to the interface, such as the website, logo, and color scheme.
We are excited to continue doing business with you and greatly appreciate your ongoing partnership.
As always should you have any questions, please feel free to get in touch on +44(0) 207 723 7000.
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