When you first move to the UK you're going to want to move your hard earned money across from AUD to GBP! Just by virtue of the exchange rate you're going to see those numbers basically halve, but there's no need to lose more than you have to. There are plenty of options for transferring money across to the UK and back from the UK to Aus. The main thing you want to look out for is clearly the fees and charges for doing so.
On the bright side, when you’ve saved up some money once you’ve worked in London for a bit, you may want to send money home which may nearly double!
Our TOP TIP here is… DO NOT use your bank – they offer you terrible exchange rates and charge you an outrageous fee! We have teamed up with Halo Financial, our favourite Foreign Exchange Specialist, so they can help you achieve fantastic exchange rates and they don’t charge fees for our Aussies in London followers!
Halo’s rates are awesome and they offer an award winning customer service. We should add… their Business Development Manager is a Kiwi, but she loves Aussies, so Halo really will look after you to ensure you get the best possible rates!
Once your account is set up with Halo, you can use Halo Online to transfer your money easily online or call Halo on +44 (0) 20 7350 5470 and they can guide you over the phone!
Keep an eye on our Facebook page, Halo will keep us updated on AUD and GBP exchange rates and alert us when the rates are good!
Or simply register with Halo to keep up to date with AUD/GBP or other worldwide exchange rates.