Leaving SG- Best way to remit money to Australia or convert

[sumitkakkar]

HI All,

Greetings!

We will be moving for good to Australia soon and I was looking for best option to remit or exchange sgd into AUD.

Responses appreciated.

Sumit

[PNGMK]

Do you have a bank account in Australia? Does it have a branch here? If so I've found that ANZ Singapore to ANZ Australia for example is ok.

IF you're not in a hurry another way is to get an AUD bank cheque here from a local bank and then deposit it in an accunt in Australia when you get one set up.

[bgd]

For better rates use one of the fx specialists rather than transferring bank to bank. I've used Hifx in the past and they were okay. Wasn't for AUD though. You can probably find an Oz company which specializes in the AUD. Worth it for larger amounts, for smaller amounts use your bank.

[katbh]

I found the best to be ozforex. They are very good and easy to use once you have set up your account. For large amounts they do not charge a fee. But for small amounts they are better than banks. And they are regulated in Australia so there is not a security risk.

[katbh]

And the exchange rate is pretty good if you get in quickly today!

[sumitkakkar]

For better rates use one of the fx specialists rather than transferring bank to bank. I've used Hifx in the past and they were okay. Wasn't for AUD though. You can probably find an Oz company which specializes in the AUD. Worth it for larger amounts, for smaller amounts use your bank.

Thanks for your reply
I may do for amounts ranging 30-50K GD.
Can you throw more light as how they work? They do cash exchange or they transfer to bank on other country

[katbh]

For ozforex you would not be charged fees for this amount.
What you do is set up an account with them online. They will call you back to confirm details.
You give them your account details in Australia.
You transfer the funds into their bank account. You designate your account that it is going to.
Once the funds are in their account, the next day they are usually in your bank account in Australia.
Very simple. And once you have set it up, it is easy to do it in future.
A lot of Australians use it for making their mortgage payments back in Australia and they have the best service and rates that I have found.