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Which Currency to Pay in?

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  • 09-10-2012 10:26am
    #1
    Slunk
    Registered Users Posts: 2,556 ✭✭✭


    Im transferring some money from my Oz to Irish bank accounts. Anyone know which currency is best to pay into my irish account. Oz or Eur?


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    #2
    catbear
    Closed Accounts Posts: 5,092 ✭✭✭catbear


    What do you mean "which currency is best'?. If it's a Euro account you're paying into then your dollars will have to be changed into Euros via currencyfair, otherwise the banks will fleece you for conversion and transfer fees.

    Do you have an Australian currency acc already set up with an Irish banks?


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    #3
    Slunk
    Registered Users Posts: 2,556 ✭✭✭Slunk


    No Im trying to transfer from my aistralian current account to my irish current account online. On the transacton page I have the option, pay in euro or pay in dollars? Which would be best


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    #4
    hussey
    Registered Users Posts: 6,240 ✭✭✭hussey


    Slunk wrote: »
    No Im trying to transfer from my aistralian current account to my irish current account online. On the transacton page I have the option, pay in euro or pay in dollars? Which would be best
    Neither!!!!
    Use currency fair. It's much cheaper and rates are better. The Australian banks charge around $10-$20 while CF charge $3.
    Have a read of the FAQ


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    #5
    Slunk
    Registered Users Posts: 2,556 ✭✭✭Slunk


    Thanks, Ill look into CF now.


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    #6
    creedo
    Registered Users Posts: 9 ✭creedo


    You will need to have the following to sign up for CF:
    A. Passport
    B. 2 bills at your current (from the last 3 months) address.

    You can take picture of the bill and upload via the CF site.


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    #7
    Slunk
    Registered Users Posts: 2,556 ✭✭✭Slunk


    Cheers lads. Signed up with CF earlier. Just have to re-up a bank statement as the date wasn't visible in the photo. Added my accounts and all so should be good to go. Thanks again


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