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BOI Payee money Transfer to Australia ?

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  • 09-07-2013 8:28am
    #1
    iphone4quest
    Registered Users Posts: 42 ✭


    Does anyone know if there is a charge with Bank of Ireland if I set up my Australia bank account has a payee and transfer a couple of thousand to my Australia account ? And will it automatically change currency?

    Thanks


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    #2
    mel.b
    Registered Users Posts: 3,130 ✭✭✭mel.b


    There will be a charge - i don't know how much but with Danske bank it is €15 for an express transfer and €12 for a standard transfer. Also you will teansfer in euro and receive in AUD.

    My suggestion is instead to open an account with currencyfair.ie. thiey operate a 'peer to peer' exchange and it only costs €4 to send money to Oz and you'll get a much better exchange rate.


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    #3
    skippy2
    Registered Users Posts: 393 ✭✭skippy2


    +1 on Mel b I use currency fair regularly and find it very handy and good rates, screw the banks at every opportunity is my motto


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    #4
    iphone4quest
    Registered Users Posts: 42 ✭iphone4quest


    thanks.

    the exchange rate with BOI at the moment is shocking.

    Set up currency fair and it's requesting a scan of my passport/drivers licence and a bill with prof of address.

    I have no scanner and only arrived in Oz, so therefore have no bills..

    Any other suggestions?


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    #5
    mel.b
    Registered Users Posts: 3,130 ✭✭✭mel.b


    See if there is a Kinkos (if they still exist) or another place like a library where you can scan your passport. It's always a good idea when you go travelling to have a scan of your passport and other important documents saved in your email or somewhere like dropbox on case they get lost / stolen and this is another reason now.

    As for proof of address, i'm not sure - contact currencyfair and see what they suggest. I presume you have joined a bank - can you get them to print you a statement, or what abut your letter from the tax office with your TFN number - they may be enough??


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