xe.com for bank draft ($US > $AUD)
Dec 7, 2004 | 11:12 pm
#1
Original Poster
Join Date: Nov 2001
Location: Kirkland, WA
Programs: AS MVP, DL Silv
Posts: 478
xe.com for bank draft ($US > $AUD)
Anybody out there used xe.com's new currency exchange service....essentially you provide them w/ your EFT details and they'll debit your US checking account at their published exchange rate and cut a check to the entity you request?
Example: I need to send a deposit to an Aussie realtor for a house. I give xe.com my bank info; xe.com charges their published exchange rate w/ no fee to my US checking acct and mails a AUD bank draft to the realtor.
Example: I need to send a deposit to an Aussie realtor for a house. I give xe.com my bank info; xe.com charges their published exchange rate w/ no fee to my US checking acct and mails a AUD bank draft to the realtor.
Dec 8, 2004 | 3:05 am
#2
Join Date: Jul 2003
Location: Toronto
Programs: AC, AA, DL, UA
Posts: 1,604
Last time I tried to sign up for xe.com I found it was fairly complicated. I had to fax in some forms within a few days or they would cancel my signup. Needless to say, those few days were particularly busy ones for me and I didn't have time. I'll get around to it eventually.
Dec 8, 2004 | 3:12 am
#3
Join Date: Sep 2000
Location: Central Coast, NSW, Australia & Scottsdale, AZ
Programs: UA Rif Raf (Defrocked 1K), CO Lead (Former Plat), QF Bronze
Posts: 1,304
I've used them for sending US dollars to my Oz bank account. It works, and is generally simple once you've set up the account. They're a little slow to make the transfer (check the timeline on their website...it's fairly accurate). However, their rates are really good....substantially cheaper than the banks.
Dec 9, 2004 | 2:29 pm
#4
Original Poster
Join Date: Nov 2001
Location: Kirkland, WA
Programs: AS MVP, DL Silv
Posts: 478
Originally Posted by SemiElite
I've used them for sending US dollars to my Oz bank account. It works, and is generally simple once you've set up the account. They're a little slow to make the transfer (check the timeline on their website...it's fairly accurate). However, their rates are really good....substantially cheaper than the banks.