Banking & International Money Transfer Articles

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How to automate your overseas loan repayments

overseas loan repayments

If you need to make overseas loan repayments , then there are options that allow you to automate the international money transfers, get good exchange rates and low fees, and potentially lock in the exchange rate for a fixed period.

moving abroad, international money transfers

ofx currencies transferring money internationally

What currencies can I save on when transferring money internationally?

Transferring money internationally can be a big money spinner for banks with high fees and uncompetitive exchange rates.  Online foreign currency dealer, OFX, deals with over 55 currencies for transferring money internationally and will help…
money transfers to australia, inactive bank accounts
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Why I don't use my bank for money transfers to Australia

One of my biggest annoyances after moving overseas was the amount of money banks gouged every time I wanted to make money transfers to Australia, with their ridiculous fees and poor exchange rates.  I then discovered there were better options. After…
convert dirhams to austraiian dollars
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What is the best option to convert Dirham to Australian dollars?

UAE residents, are you wanting to get the best exchange rate when you convert dirham to Australian dollars?  In this article we review a number of options to identify how you can ensure you get the maximum amount of Australian dollars when…
convert British pound to Australian dollar
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What is the best option to convert british pounds to Australian dollars?

Are you wanting to get the best exchange rate when you convert british pounds to Australian dollars?  In this article we review a number of options to identify how you can ensure you get the maximum amount of Australian dollars when transferring your…
managing foreign currency risk
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Managing Foreign Currency Risk When Investing in Property

Managing foreign currency risk is a key area of concern for expats when investing in property, whether in Australia or overseas.  Foreign currency fluctuations can have a significant impact on the returns from your investment and so it is important…
What does Brexit mean for the British pound vs Australian dollar?
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What does Brexit mean for the British pound vs Australian dollar?

Whether you’ve seen it on the news, read it in the newspapers or witnessed its dramatic effects on OFX's live Market Rates page, the European Union (EU) referendum has taken centre stage in recent months. As we get closer to 23rd June 2016,…
money transfers to australia

What are the best options for transferring money to Australia?

I have written a number of articles in relation to transferring money to Australia.  In particular how you should use an online currency exchange service or online money transfer company, rather than using the bank - Why I don't use my bank…
money transfers to Australia

Peer to Peer Currency Exchange

Peer to Peer Currency Exchange is disrupting the international money transfer industry. We have all now experienced (or at least read about) the peer to peer (P2P) disruption occurring in holiday accommodation (AirBNB), and ride sharing (Uber).…
AUSTRAC money transfers to australia

Are Your Money Transfers Being Reported to the Australian Government?

I have had many discussions with Australian Expats who worry that AUSTRAC will report their money transfers to Australia to the Australian government.  Many Australian expats also incorrectly believe that by only transferring amounts less…
money transfers to australia
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Are you taking advantage of the weak Aussie dollar?

The current weakness in the Australian dollar presents a great opportunity for Australian Expats to transfer money back home or buy Australian assets.  This week, I discuss three financial opportunities the weak Australian dollar presents for…

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