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Saving for grandchild resident in Australia
13anniejacks
Posts: 1 Newbie
What is the best way to save for my grandson who was born and lives in Australia? I cannot open a Halifax Kidsavers (which I have for my other grandchildren) because he is not British.
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Comments
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I'd eiterh save money in your own name, and transfer it to the Grandson when you deem it appropriate, or ask their parents to open a local AUD account you can transfer into. In either case when you transfer GBP to AUD, make sure to use a service such as Wise (formerly Transferwise) to make sure you don't get ripped off by the exchange rate.2
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