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AUD 0
Min. Transfer Amount
No limit
Max. Transfer Amount
2 days
Transfer Speed
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Product Name | 1st Contact International Money Transfers |
---|---|
Min. Transfer Amount | AUD 0 |
Max. Transfer Amount | No limit |
Transfer Methods | Online, Phone, Bank Account to Bank Account |
Transfer Options | Regular payments, One off payments, Market orders, Forward contracts |
Transfer Speed Minimum transfer time | 2 days |
Customer Service | Phone, Email, Branch |
Available Currencies | AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, JPY, NOK, NZD, PLN, QAR, RON, SEK, SGD, THB, TRY, USD, ZAR |
When you deal with 1st Contact Forex you can get competitive exchange rates, especially when compared to banks, because this business does not have to worry about typical overhead costs. Besides, this business carries out transfers in bulk, which makes it privy to better rates. In turn, it passes on the savings to its customers. If you want to view the exchange rates on offer, you simply have to visit the 1st Contact Forex website.
On the home page, select Australian Dollars (AUD) as the ‘from’ currency. Enter the amount you wish to transfer and select the currency you wish to transfer the money to. As soon as you do this 1st Contact Forex informs you of the existing exchange rate. This is the rate that will apply to your transfer, as long as you complete it within a given time frame. This is because exchange rates that 1st Contact offers are subject to change.
You can see the exchange rate that 1st Contact Forex offered for transferring Australian Dollars to Great Britain Pounds on 1st June 2017 below. This has been included as an example, and you should always check current rates on the day you wish to transfer money.
GBP | BGN | CAD | CZK | DKK |
---|---|---|---|---|
0.56 | 1.26 | 0.97 | 17.05 | 4.8 |
EUR | HKD | HUF | JPY | NZD |
0.64 | 5.64 | 198.41 | 80.55 | 1.02 |
NOK | PLN | QAR | RON | SGD |
6.11 | 2.7 | 2.63 | 2.94 | 1.00 |
ZAR | LKR | SEK | CHF | THB |
9.43 | 121.56 | 6.3 | 0.7 | 24.74 |
AED | USD | |||
2.66 | 0.72 |
1st Contact Forex has tie ups with banks from across the world and processes transfers in bulk. This lets it make savings, which it passes on to its customers. Every fifth transfer you carry out through 1st Contact Forex is free. All transfers equivalent or greater than AUD$5,000 are free. You have to pay fees for other transfers, which can include transfer fees and receiving fees.
The table below gives you an indication of how much you may have to pay as fees depending on the country you’re sending money to, considering you’re sending AUD1,000.
Destination country | Transfer fee | Receiving fee |
---|---|---|
Great Britain | AUD5 | GBP0 |
Bulgaria | AUD15 | BGN0 |
Canada | AUD15 | CAD15 |
Czech Republic | AUD15 | CZK 250 |
Euro Zone | AUD5 | EUR0 |
There is no minimum or maximum limit you can transfer through 1st Contact Forex. If you don’t find the country you wish to send money to on the 1st Contact Forex website you can get in touch with a company representative to find out if any assistance is on offer. Here are some of the popular destinations where you can send money to from Australia.
You can transfer money electronically to bank accounts in different countries across the world using the services of 1st Contact Forex. It also lets you transfer money to credit card accounts in South Africa.
You can benefit more by sending larger amounts because this business works on a sliding scale, where larger sums attract better rates.
You can secure an exchange rate if you wish to send an amount equivalent of greater than GBP1,000. 1st Contact Forex lets you secure an exchange rate in advance by paying as little as 10% of the amount you wish to transfer as deposit.
Back to topYou can register with 1st Contact Forex using a simple online application. It activates your account on the same business day it receives copies of your proof of residential address and passport. If you wish to transfer the equivalent of AU$20,000.00 or more than you will have to submit additional documents to verify the source of the funds.
1st Contact Forex accepts payments via debit cards and through Internet banking. You have to use your name and surname as reference when making transfers using Internet banking. If you don’t provide your name and surname you have to email 1st Contact Forex proof of payment so it can allocate your funds for transfer.
If you use Internet banking to make a transfer, the cleared funds can take up to three business days to get to the client account of 1st Contact Forex. Once this happens and you provide all the required documentation, the converted funds get to the nominated overseas account within three business days.
Back to topUsing 1st Contact Forex to send money overseas can lead to savings. However, it is important that you compare your options first.