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Hi,
I've got some funds with i a s bet .com (aussie bookie)
I deposited £4000 into this bookie account over a year ago and due to the bookie only accepting Aussie dollar deposits, my £4000 had additional charges of approx £200 due to the exchange rate charge (about 5%).
My funds £4000 are held in GBP in the bookie account.
Now when it comes to withdrawal should I expect to pay exchange rate charges again?
Can anyone suggest any ideas on how to avoid exchange rate charges at approx 5%.
Cheers
I've got some funds with i a s bet .com (aussie bookie)
I deposited £4000 into this bookie account over a year ago and due to the bookie only accepting Aussie dollar deposits, my £4000 had additional charges of approx £200 due to the exchange rate charge (about 5%).
My funds £4000 are held in GBP in the bookie account.
Now when it comes to withdrawal should I expect to pay exchange rate charges again?
Can anyone suggest any ideas on how to avoid exchange rate charges at approx 5%.
Cheers
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Perhaps the charges will be lower if you withdraw to moneybookers in AUS dollars and then convert into GBP from there? You'll probably still pay at least 2% though. Only other thing I can think of is to have an Australian currency bank account, but probably not worth the bother.
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