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Article #82Re: Transfer of Currency between UK and Australia
From: john jaid
Date: Fri, 28 Sep 2001 02:20
Date: Fri, 28 Sep 2001 02:20
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2733 bytes
If you bring it in as capital you don't have to pay tax eg a loan from your unit trust or company to you then interest is payed back to the unit trust or company. I have seen a VISA card used But it may not suit your situation "Ed Barron" <ejbarron@our.net.au> wrote in message news:3bb3c9f8.425660036@news.our.net.au... I have given up on my Australian bank, and its fully owned subsidiary bank in UK. I had assumed (? wrongly) that associated banks would find it easy to transfer currency between UK and Australia. However, the UK Bank will not accept faxes, except where I take the full responsibility for any errors, including theirs - and my past experience with them does not impress me on that score! Using letters posted by Express Air Mail, and also filling in their own documents which are supposed to speed the transaction, it takes a minimum of 10 days, and often as much as two weeks, to effect a transfer of funds. There is also the matter of the uncertainty with regard to the actual exchange rate used for the transaction, as the decision has to be made several days before thetransfer, and the exchange rate can change appreciably over that period. Does anyone have any experience of a better, more certain method of arranging currency transfers between UK and Australia, where I could expect an immediate (i.e. within 24 hours) response to my requests? Ed Barron <ejbarron@our.net.au>
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 105543,b88267e8a5a88a82 X-Google-Attributes: gid105543,public X-Google-Thread: fea97,b88267e8a5a88a82 X-Google-Attributes: gidfea97,public X-Google-ArrivalTime: 2001-09-27 19:20:19 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!newsfeed.google.com!newsfeed.stanford.edu!news-spur1.maxwell.syr.edu!news.maxwell.syr.edu!intgwpad.nntp.telstra.net!news-server.bigpond.net.au!not-for-mail From: "john jaid" <jaidau@nospam.hotmail.com> Newsgroups: uk.finance,aus.invest References: <3bb3c9f8.425660036@news.our.net.au> Subject: Re: Transfer of Currency between UK and Australia Lines: 36 MIME-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2600.0000 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2600.0000 Message-ID: <C7Rs7.100253$bY5.485671@news-server.bigpond.net.au> Date: Fri, 28 Sep 2001 02:20:18 GMT NNTP-Posting-Host: 144.137.121.47 X-Complaints-To: news@bigpond.net.au X-Trace: news-server.bigpond.net.au 1001643618 144.137.121.47 (Fri, 28 Sep 2001 12:20:18 EST) NNTP-Posting-Date: Fri, 28 Sep 2001 12:20:18 EST Organization: BigPond Internet Services (http://www.bigpond.net.au)