International bank transfers

[skcots]

I was wondering what is the best/cheapest way to transfer money abroad. I generally send small amounts <$5000 if that makes a difference.
Any suggestions are welcomed.

Does anyone have thoughts on online services i.e. www.xe.com?

 

[Glen48]

I found xoom.com to be ok all slug you think Western Union are the worst.

 

[ashleyingle]

Hi, found this post on Twitter, Check out currency brokers, there are many of them around.

I work for one of them. XE is probably the most known, but doesnt mean they will be the most competitive.

 

[Tyler Durden]

On this topic, I have three questions:

1. If I do a telegraphic transfer, and incorrectly write down the account number on the form (and the account does not exist), will I be notified of this at the time I hand over the cash? Or do they just take my cash, do it later and at that time (when I'm well and truly gone) discover the error?

2. I was asked when I did the telegraphic transfer whether I wanted to convert the money here or in the destination country - anyone know the difference?

3. If I do it online, and put in the wrong account number, the money gets taken out of my account but where does it go?

 

[Glen48]

I had trouble with Xoom sent to wrong address had to send a fax to USA indcluding every swear word I could think of to get a result took about 2 mths to sort.
You can send e mails but is its all some how computerised so you can't get a direct answer.

 

[Tyler Durden]

I had trouble with Xoom sent to wrong address had to send a fax to USA indcluding every swear word I could think of to get a result took about 2 mths to sort.

LOL!

Must've been a significant amount. I just did a small amount to 'test' it. Lucky too, because I got the account number wrong

I have told CBA and they will use their "best endeavours" (at a cost of $25) to track it down. But I do wonder where it's gone

 

[Glen48]

Trouble is none of them want to chat via e mail and keep sending the same computer generated reply, if you could talk to some one it would save a lot of trouble for both parties.

 

[YELNATS]

I was wondering what is the best/cheapest way to transfer money abroad. I generally send small amounts <$5000 if that makes a difference.
Any suggestions are welcomed.

Does anyone have thoughts on online services i.e. www.xe.com?

I have used T/T from my St George Bank cheque account several times over the past few years to send amounts of about A$2000 to my brother-in-law's Singapore bank account.

There's never been a problem and they charge $20 each time. This may not be the cheapest but it works.

 

[Tyler Durden]

I have used T/T from my St George Bank cheque account several times over the past few years to send amounts of about A$2000 to my brother-in-law's Singapore bank account.

There's never been a problem and they charge $20 each time. This may not be the cheapest but it works.

That's pretty good, CBA charges $22 for online and Bank of China charges $33 for counter service.

 

[sptrawler]

I think you can send money via paypal.
I haven't sent money, but have used paypal for purchases, no problems whatsoever.
I think you can send money to anyone who has a paypal account and an email address.
I could be wrong but it would be worth checking out.
The I's have it.LOL

 

[prawn_86]

TD (or anyone),

If you need to send >10k overseas PM me and i can help you out with both price and ease of use. I work for a FX Brokerage