No Fees Currency Exchange Melbourne
This makes it difficult to declare a "best overall money transfer service", each provider has different pros and cons. A common way of sending money overseas is through a remittance service provider like Western Union, MoneyGram or PayPal. Money is sent through an electronic payment system and payment is collected through a bank account or in person in cash. Remittance service providers have been around for a while and earned a decent reputation for reliability. You may be able to save on your international money transfer by using an international money transfer service like Wise.
HiFX takes care of 24/7 customer support and offers various transfer options, such as online transfers, phone transfers and a mobile app for easy and convenient money transfer systems. Crown Currency is a currency exchange company that was founded in 1998. Crown Currency offers a wide range of currency exchange services, including cash exchange, traveller's cheques, and 墨爾本 換 匯 international money transfers. Unlike other services, they don't display exchange rates on their website so you will need to contact them for a quote. WorldRemit is an ultra-fast as well as convenient international money transfer platform, which makes it possible for users to send money to over 150 countries. With exchange rates that are very competitive and lower fees, WorldRemit is a top choice for anyone who needs to make recurring international payments.
As you can see, there’s no shortage of options when it comes to exchanging money in Melbourne. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash. When using an ATM abroad, choose to be charged in Australian dollars for a fairer rate and avoid undisclosed exchange rates and additional fees. While currency exchange booths offer convenience, they may not always have a wide range of less common currencies available, such as the Indian Rupee (IDR) or Hong Kong Dollar (HKD). It is advisable to call ahead and check if they have the currency you need, especially on busy days. Additionally, some booths may have limited cash amounts for the most common currencies, so confirming availability beforehand can save you a trip.
Banks in Australia often offer foreign exchange services in specific branches, usually located in city centres. Some banks also offer an online service where you can order your desired currency and then collect it from a nominated branch at a time of your choosing. If the currency you need is not available, banks can typically order it for you, although this may take up to five business days. You can save time and money by pre-ordering your currency online and picking it up in the Maribyrnong - Melbourne VIC store. Luckily for them, Australia is home to a large selection of specialised international money transfer services, and Australians can enjoy some of the best options in the world to send money overseas. Revolut offers account services through its app, including 3 different account tiers to suit different customer and transaction needs.
Most money changers will give you an exchange rate well above this real rate. The closer you can get to this rate, the more Australian dollars you'll have when you convert your currency. Unlike booking flights, exchange rates for foreign exchange do not have a ‘best day to buy’. Within the travel industry it is known Tuesdays are the cheapest day to fly, but exchange rates don't work that way. In our comparison tables they always come last with the worst exchange rates.
S-money is a specialist in travel money, offering online currency conversion from AUD to the currency you need in your destination. You order online and then get your cash in person – either by picking it up or having it delivered to your door. Travelex also has a travel money card which supports 10 currencies, which lets you exchange currencies online within your linked multi-currency account.
For large amounts of money, it is recommended to order your currency in advance and pay via BPAY to get a better exchange rate and avoid commission fees. You can then collect your foreign currency from a kiosk at the airport. You can convert money at Australia Post, which offers a currency converter and over 40 foreign currencies. You can also convert money at specialist money changers, banks, and currency exchange booths at the airport.
United Currency Exchange has long been a great place for currency exchange in the Melbourne CBD. Aside from S Money, they had the best currency exchange rate that we tested. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers across 130 currencies in 190+ countries. United Currency Exchange deal only with exchanging cash, they don’t offer an international transfer service. Another option for exchanging currency in Australia is through Australia Post.
Our branch money transfer service offers the convenience of cash transactions and expert assistance. Raffles offer remittance services, as well as worldwide money transfer to a number of countries including the UK, US, UAE, China, Japan and many more. To read more about the services they offer, you can visit the services page on their website. Frequency - The number of times you need to transfer money over 12 months will play an important role in your decision-making process. Some money transfer companies have systems set up to help you make to regular transfers with ease.
Licensed & CompliantLicensed and compliant with Australian financial regulations, ensuring secure and lawful money transfer services. Unimoni (formally known as UAE Exchange) have friendly, professional service with some of the best exchange rates for cash. To work out if a bank is the cheapest way to buy your currency, make sure you compare exchange rates. It’s our aim to take the hassle out of foreign exchange services, because we’re travellers too – we get you.
No matter if you are travelling to the United Kingdom for a full English breakfast, Hong Kong for some peaking duck or the Czech Republic for some beer with such a large selection of currencies available we got you covered. You can find both unpopular and popular currencies with Foreign Xchange – you don’t have to worry about shopping around in and around the Melbourne CBD or monitoring currency exchange rates on a daily basis right before your holiday. When you visit our store, our experienced team is on hand to guide you through your currency exchange. Whether you have questions about rates, currency options, or our services, our knowledgeable staff are here to provide clear advice and reliable answers.
While many won't charge a service fee, the difference between the rate you see online and the rate you are offered is their exchange rate margin, or profit. We visited a number of money exchange locations across the Melbourne CBD and compared their fees and services to find the best currency exchange rates. It is worth noting that some sources suggest that using an Australian bank to buy foreign currency might not always be the most expensive option. Banks offer foreign exchange services in specific branches or through online ordering and collection at a nominated branch.