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Paypal - Sending money to myself in the UK ???

558 Posts
Hello,
I am in Australia working for a year and want, well...need, to send money back to the UK to pay off my overdrafts/credit cards...i want to send $1000AUS a month however the $60 it looks like it will cost me to send money transfer or through my bank(ANZ) is a bit much. I have heard paypal is a cheaper option however im not sure how this will work exactly!! If anyone could help it would be much appreciated. I have a feeling my bank(ANZ) will charge me if i deposit money into my UK paypal account, so do i have to creat an Australian one, send money into that, then from that send it to my UK account, then from that send it into my bank accounts???? Its all very confusing but i would much rather pay less that $60 each month if i can.
Thanks kindly....
I am in Australia working for a year and want, well...need, to send money back to the UK to pay off my overdrafts/credit cards...i want to send $1000AUS a month however the $60 it looks like it will cost me to send money transfer or through my bank(ANZ) is a bit much. I have heard paypal is a cheaper option however im not sure how this will work exactly!! If anyone could help it would be much appreciated. I have a feeling my bank(ANZ) will charge me if i deposit money into my UK paypal account, so do i have to creat an Australian one, send money into that, then from that send it to my UK account, then from that send it into my bank accounts???? Its all very confusing but i would much rather pay less that $60 each month if i can.
Thanks kindly....
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Replies
Obviously there will be some charges and you'd need to mail the second card to the UK but it may be a cheaper option.
MSE Florida wedding .....no problem
paypal fees are around 2% IIRC, so on $1000, that would be $20, then you have to withdraw it into your UK bank account, which you'll have to then log back on to do.... so obviously a lot more time consuming
also the prepaid cards, charge transactions fees etc... which are probably more than paypal
Confusing i know but if i can understand and master it....it will save me $40p/m
Thanks guys....
So what do i do?
I just pop in now and then....
transcribing