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Student Journal

How to transfer money out of Australia & overseas

7/2/2015

1 Comment

 
Hello everyone,


Today I’ve prepared some information that may prove useful if you’re looking to transfer money out of Australia. Please note that money is serious stuff and the following information does not constitute financial advice. You should always conduct your own research, be sure to read the product disclosure statements for products you’re interested in and seek financial advice if you’re not sure.

A list of possible fees occurred in overseas money transfers include (but are not limited to):
  • sending fees
  • exchange rate
  • receiving fees
  • upfront & upon collecting fees
  • additional fees and charges charged by intermediary and receiving banks
  • other fees

Some options for institutions that can assist to transfer money include:
  • Australian banks
  • Western Union / Travelex
  • Non-bank, online-based money transfer companies (OzForex, World First and Currency Fair).

Study Online Australia tips:
  1. Check all fees upfront 
  2. Read terms & conditions
  3. Compare options 
  4. Consider your circumstances when making your decision (speed, accessibility,  convenientfor you, convenient for recipient).

Should you have any inquiries, please do not hesitate to contact our Study Online Australia team.

Warm regards,
Pavla
1 Comment
Kingstone Joseph link
11/19/2016 05:42:37 pm

The information you have shared is really interesting. I appreciate the fact that you took the effort and the time to post here. Many people will surely appreciate this, especially those who are part of the academe.and you have made this really easy for my working Banking Assignment Help

Reply



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