os cash transfer?

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NFA
NFA
7 posts
NFA NFA
7 posts
13 Feb 2012 6:17pm
Im moving too canada again? Just wondering what you geniuses think is the best way too move aus too can as i lost out last time and with the exchange the way it is I feel like I should have a win???? thanx in advance
bobajob
bobajob
QLD
1535 posts
QLD, 1535 posts
13 Feb 2012 8:21pm
You need pay attention to the "little" details.
NFA
NFA
7 posts
NFA NFA
7 posts
13 Feb 2012 6:30pm
care to elaborate?
bobajob
bobajob
QLD
1535 posts
QLD, 1535 posts
13 Feb 2012 8:32pm
Just kidding. The raw cross rate is 1.07 you should come out ahead even after fees.
NFA
NFA
7 posts
NFA NFA
7 posts
13 Feb 2012 6:39pm
kinda meant whats the best way too move it?
Simondo
Simondo
VIC
8025 posts
VIC, 8025 posts
13 Feb 2012 10:06pm
By far the best way to move it is to first send it to Nigeria for conversion into Nigerian Naira's. After that transaction they will be able to offer you an excellent rate for them to send it onto to you in Canada. Once in Canada, open up a local bank account, and they should be able to deposit roughly 3 to 5 times the amount that you started with.







Simondo
Simondo
VIC
8025 posts
VIC, 8025 posts
13 Feb 2012 10:13pm
I can convert AUD$10,000 to 50 Million Indonesia Rupiah. That should set you up.
Pugwash
Pugwash
WA
7733 posts
WA, 7733 posts
13 Feb 2012 7:14pm
Simondo said...

By far the best way to move it is to first send it to Nigeria for conversion into Nigerian Naira's. After that transaction they will be able to offer you an excellent rate for them to send it onto to you in Canada. Once in Canada, open up a local bank account, and they should be able to deposit roughly 3 to 5 times the amount that you started with.










he he he... as soon as I read the first post, I was thinking just transfer it to a local holding account in my name, where I can then transfer it safely to NFA
GreenPat
GreenPat
QLD
4105 posts
bobajob
bobajob
QLD
1535 posts
QLD, 1535 posts
13 Feb 2012 9:28pm
I don't "move" it, rather just withdraw as required at local atm. Bank doesn't charge too much in fees. You just cop the floating exchange rate.
Simondo
Simondo
VIC
8025 posts
VIC, 8025 posts
13 Feb 2012 10:30pm
Looks like a slight win on the Exchange Rate, and a slight win on food prices.

www.livingin-canada.com/food-prices-canada.html

You can actually survive quite well OS with an Aus Bank Account. Online banking, Visa Card, etc. I found that if you withdraw the Maximum Limit through an OS ATM, it goes a long way, with only minimal transaction fees. Visa Cards aren't that bad with International Fees either.

Failing that, you just do an International Money Transfer for about $30, into a Canadian Account, if you have one. Have you made an inquiry with your bank?
Simondo
Simondo
VIC
8025 posts
VIC, 8025 posts
13 Feb 2012 10:33pm
bobajob said...

I don't "move" it, rather just withdraw as required at local atm. Bank doesn't charge too much in fees. You just cop the floating exchange rate.


Exactly. You can probably get $500-$750 Canadian for about $4 in fees. That is a better deal than the Spot Cash Rate.
brad1
brad1
QLD
232 posts
QLD, 232 posts
13 Feb 2012 9:34pm
Depending on how much you are transfering. I haven't done it in a while
but from what I remember the rate you see on the news or generally advetised is never what the banks will give you, I guess so they make a buck out of it for themselves. It used to be if you were exchanging over $25K you would get a call from the bank when the transaction was taking place and were offered the "real" rate, it was updated every 30 seconds or so.
NFA
NFA
7 posts
NFA NFA
7 posts
13 Feb 2012 8:03pm
thanks guys appreciate it, simondo ill pm you my account details so we can exchange funds
Macroscien
Macroscien
QLD
6809 posts
QLD, 6809 posts
13 Feb 2012 10:26pm
The best possibly is transfer using Forex account.
Then you can choose your our exchange rate, possibly even double investment if you have a spare week and a bit of lucky
But if you don't have any experience in trading currencies , forget it
If that is serious amount possibly you need also look at law re money laundering in both countries.

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