Dog Posted 13 January, 2011 Share Posted 13 January, 2011 I have to send £5000 to a relative in Australia. I have just been quoted £180 from the post office & £195 from Paypal, due to conversion fee from GBP to AUS $ Is there a cheaper option? Thanks in advance. Link to comment Share on other sites More sharing options...
buctootim Posted 13 January, 2011 Share Posted 13 January, 2011 I have to send £5000 to a relative in Australia. I have just been quoted £180 from the post office & £195 from Paypal, due to conversion fee from GBP to AUS $ Is there a cheaper option? Thanks in advance. a BACS or CHAPS transfer direct from your account to theirs is the safest and cheapest. Check your banks exchange rate though. For £5,000 you might want to look at a specialist forex dealer. http://www.moneysavingexpert.com/banking/foreign-currency-exchange Link to comment Share on other sites More sharing options...
saint_in_munich Posted 13 January, 2011 Share Posted 13 January, 2011 xoom.com Link to comment Share on other sites More sharing options...
Deppo Posted 13 January, 2011 Share Posted 13 January, 2011 I have some contacts in Nigeria who will send it for you. Forward me all your bank details. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 13 January, 2011 Share Posted 13 January, 2011 I have to send £5000 to a relative in Australia. I have just been quoted £180 from the post office & £195 from Paypal, due to conversion fee from GBP to AUS $ Is there a cheaper option? Thanks in advance. Give it to me, and I'll drop it off when I next go over! Link to comment Share on other sites More sharing options...
angelman Posted 13 January, 2011 Share Posted 13 January, 2011 Your bank should have an international money transfer form you just fill out. They will rape you on the F/X rate but not much you can do about that. Not sure what the banks take, something like 2% on the rate, as I have a forex dealer for work. I don't get the bet rates, but find 0.5-0.75% acceptable. Having said that, don't banks give a much better rate over £2k? And, no need to tell you, there is no such thing as free commission. OK there is, but you pay in the crap rate you get. Try a site like http://www.xe.com - not sure if the will be able to help or not Link to comment Share on other sites More sharing options...
dune Posted 13 January, 2011 Share Posted 13 January, 2011 http://www.moneysavingexpert.com/ I use this sie to get the best deal for travel money, maybe the site can help with your specific situation. Link to comment Share on other sites More sharing options...
Deppo Posted 13 January, 2011 Share Posted 13 January, 2011 I think that stamps are about 41p now. Two or three of them should do the trick. Link to comment Share on other sites More sharing options...
Draino76 Posted 13 January, 2011 Share Posted 13 January, 2011 Wait a week if you care what rate you get. Link to comment Share on other sites More sharing options...
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