Just a little bit of information for people wanting to transfer money to an Australian account. We as a lot of people opened a transfer account with Commonwealth in London who then open an Australian account for you in Australia.

What i didn't know probably by not reading my documentation well enough was that as soon as you make a transfer into your transfer account the money is automatically transferred into Australian dollars presumably at the exchange rate on the day of receipt. I was told when I spoke to Commonwealth that I could have instructed them not to transfer to Australian Dollars but they automatically do it if their not told.

Just thought this information that might be of interest to people who are transfering money over this way.

Look at http://www.hifx.co.uk/ HIFX provide you the facility to watch how the currency is performing on line and have consultants who help you with all you will need to know before making you transactions.

Still open your account with Commonwealth bank but put your $$$ in the account once you have used HIFX to do the deal. I could not guarantee their rate was better than the Commonwealth Bank (I didnt ask at the time)but I guess you could ask them that if you use them to do the deal.

Sharon
www.immigrate-to-a-new-life-in-perth.com