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Transferring Money

 
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uilleannpiper



Joined: 18 Nov 2005
Posts: 107

PostPosted: Sat Feb 04, 2006 10:43 pm    Post subject: Transferring Money Reply with quote

I know most ESL teachers make only enough money to see them through to their next pay cheque, but has anyone here ever had the opportunity to transfer money back to an Australian bank account? If so, was it an easy process and did you lose out with fees etc? How did you go about it?

Cheers,

UP
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gugelhupf



Joined: 24 Jan 2004
Posts: 575
Location: Jabotabek

PostPosted: Mon Feb 06, 2006 12:57 am    Post subject: Reply with quote

I know nothing about the Australian banking system but assume it's similar to the British one. My own choice is to change up Rupiah to sterling whenever the rate is reasonable and physically take it with me when I next visit. Transfers are possible but always seem to involve a bit of paperwork, while the likes of Western Union are punitively expensive.
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Winmarr



Joined: 11 Feb 2005
Posts: 115
Location: Melbourne

PostPosted: Mon Feb 06, 2006 9:53 am    Post subject: Reply with quote

I use a smaller opertaion called Kangaroo Service. I've transferred dosh numerous times from Australia to Indonesia with no problems. They've always been very reliable. It costs $10 from here or Rp.20.000 (if I'm not wrong) from there. I'll look up the details if you're interested.
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uilleannpiper



Joined: 18 Nov 2005
Posts: 107

PostPosted: Mon Feb 06, 2006 8:04 pm    Post subject: Reply with quote

Thanks for the replies. Western Union is out of the question - too expensive.

Winmar, does Kangaroo allow you to send money from Indo to Australia? Do they have an office in Jkt? Would be interested to know more.

Cheers,

UP
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Winmarr



Joined: 11 Feb 2005
Posts: 115
Location: Melbourne

PostPosted: Fri Feb 10, 2006 11:38 am    Post subject: Reply with quote

Yeah you can transfer from there to here. I think their office is in Jkt, but you don't even need to go to it. You contact them, find out the rate if you want, put the money into their Indonesian account, then they'll put it into the Australian account later that day. I've only done it from Melbourne to Indo, but they've always been very reliable.

For some reason my wife gave the flier with all the information on it to her friend, so I don't have the details, but the Melbourne contact is Dewi, who you can reach at [email protected]. She could advise you of the relevant account number etc. Tell her that Rob from Melbourne referred you; she should know who you're talking about. Smile

For their ABN details, go to this link and type in "Kangaroo Service Pty Ltd":
http://www.abr.business.gov.au/(p5c4xav5dsqn3k45chgt5e45)/main.aspx
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uilleannpiper



Joined: 18 Nov 2005
Posts: 107

PostPosted: Fri Feb 10, 2006 1:02 pm    Post subject: Reply with quote

Thanks Winmar, looks interesting. There's another mob called Forex that do the same type of thing where you deposit your $ into their account but I've kind of been a bit wary about doing that sort of thing. I'll send Kangaroo and email and check it out.

Cheers,

UP
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Winmarr



Joined: 11 Feb 2005
Posts: 115
Location: Melbourne

PostPosted: Sat Feb 18, 2006 4:40 am    Post subject: Reply with quote

No probs. What doForex charge?
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uilleannpiper



Joined: 18 Nov 2005
Posts: 107

PostPosted: Sat Feb 18, 2006 8:49 pm    Post subject: Reply with quote

Hi Winmar, I'm not sure. They were an American company anyway, but transferred to Australia. So it kind of defeated the purpose by having to transfer to their US account first. So I'll give Kangaroo a go.

Cheers,

UP
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sass



Joined: 07 Jan 2006
Posts: 9
Location: Australia

PostPosted: Thu Mar 16, 2006 3:18 am    Post subject: Reply with quote

Hi just listening in from Adelaide Australia.

I have also sent an emailto the mentioned address to enquire about money transfer to Indo.

I'll let you know how I go.
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Thu Mar 16, 2006 4:06 am    Post subject: Reply with quote

I dunno about Australia, but I wired money back a couple of times and it was no big deal. I was able to do a wire transfer direct from my Indo bank account to my chequing account in Canada without much hassle. I think the fee charged was about 100,000 Rp per transfer.
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uilleannpiper



Joined: 18 Nov 2005
Posts: 107

PostPosted: Fri Mar 17, 2006 12:17 am    Post subject: Reply with quote

ls650 wrote:
I dunno about Australia, but I wired money back a couple of times and it was no big deal. I was able to do a wire transfer direct from my Indo bank account to my chequing account in Canada without much hassle. I think the fee charged was about 100,000 Rp per transfer.


What about exchange rates? Di the bank give you the current rate or did they diddle you out of a bit?
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