Best way to bring money to Australia which gives good exchange rates.
Aug 10th 2009, 6:31 am
#1
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Joined: Dec 2007
Location: Living n breathing in Melbourne!!
Posts: 522
Best ways to bring money to Australia which give good exchange rates.
I am planning to carry very little cash just about AUD 1500-2000 to Oz with me. I am not a lavish spender but at the same time not stingy at all. 
I have an account with a local Bank which has no overseas branch and they don't give traveller's cheques (their new policies etc)
However, I do have their debit card which if I use in Oz, I'll get a very poor exchange rate.
I understand that I need to open a bank account once I arrive in Oz. Once I do that, I see 2 possiblities:
1: I can have someone transfer the money directly to my Oz bank account.
2: Or have someone send the money probably through Western Union.
Which is the best method that will give me good exchange rate and will be a secure method. Or any other good recommendations you have.
Please share experience/comments.
Thanks!
I have an account with a local Bank which has no overseas branch and they don't give traveller's cheques (their new policies etc)
However, I do have their debit card which if I use in Oz, I'll get a very poor exchange rate.
I understand that I need to open a bank account once I arrive in Oz. Once I do that, I see 2 possiblities:
1: I can have someone transfer the money directly to my Oz bank account.
2: Or have someone send the money probably through Western Union.
Which is the best method that will give me good exchange rate and will be a secure method. Or any other good recommendations you have.
Please share experience/comments.
Thanks!
Last edited by live2learn; Aug 10th 2009 at 6:50 am.
Aug 10th 2009, 6:53 am
#2
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Joined: Apr 2005
Location: Burnham On Crouch Essex
Posts: 1,511
Re: Best way to bring money to Australia which gives good exchange rates.
errr!! bring it with you! that would be free, you can bring up to $10,000 I believe!
Aug 10th 2009, 7:01 am
#3
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Thread Starter
Joined: Dec 2007
Location: Living n breathing in Melbourne!!
Posts: 522
Re: Best way to bring money to Australia which gives good exchange rates.
Kindly re-read me first post.
Thanks!
Aug 10th 2009, 10:03 am
#4
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Joined: Jan 2006
Location: Inner West, Sydney, NSW
Posts: 30
Re: Best way to bring money to Australia which gives good exchange rates.
You could transfer out of your current bank into one of the Aussie banks in London and then transfer to your Aussie account here when set up...that's what we did anyway.
