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Does it cost to transfer money from an english bank account

Travel Forums Australia / New Zealand & The Pacific Does it cost to transfer money from an english bank account

1. Posted by hannahs92 (Budding Member 42 posts) 5y

Hey,

I am just wondering if it costs money to transfer money from an english bank account to an australian one...like if there is an administration fee?
I have been told by other posters that I can start an australian bank account and tax form when I arrive, but obviously I will have to transfer over the funds I have saved up.

Any help would be much appreciated!!

2. Posted by Cyberia (Travel Guru 1818 posts) 5y

The four top English banks made £25 billion profit last year. They would charge you for breathing in their branches if they could get away with it. It'll cost you to send and receive money, but often a set fee so send as much as possible.

You will need the Australian IBAN number (International Banking). Get that wrong and they will make you regret it. For my bank in France it starts FR for France, 76 for region then five lots of four numbers and one lot of three numbers.

Do take money with you in case there is some mess up so you don't receive it for some time. I waited five weeks for something that should have been done that day.

3. Posted by Gavin-D (Budding Member 81 posts) 5y

Hey, yes it will cost you to do a telegraphic transfer of funds, normally £20 per transfer. hope that helps