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| Thread ID: 97964 | 2009-03-05 15:47:00 | Cash for visit to Aussie | Greg (193) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 753712 | 2009-03-05 15:47:00 | Me and my bro are going for a short visit to Aus in April. Where's the best place and/or whats the best way to convert about NZ$1500 to Aus currency before we leave? My bank is Westpac - should I get it from them or can anyone suggest a better way to save a few bucks? Also... I have a Westpac debit card... should I consider getting a credit card before I leave or will the debit card be adequate? Thx |
Greg (193) | ||
| 753713 | 2009-03-05 19:39:00 | * If you are keen on getting the maximum amount of OZ dollar out of your NZ dollar, do monitor the currency exchange. | Renmoo (66) | ||
| 753714 | 2009-03-06 05:34:00 | Check a few banks websites for their latest exchange rates. Don't forget some add on extra charges for the exchange, so check their fees. I've found the ASB to be pretty good overall on exchange rates/fees. You can use your EFTPOS card in Australia, but you will be stung for overseas withdrawal fees. If you only use it on large withdrawal transactions (for example $300), this can work out to be a convenient way of managing your money. Check with your bank first so you know what fees are involved. I don't bother getting out Aussie dollars now prior to visiting Australia and just use EFTPOS for cash and credit card for large purchases/hotel bills etc. |
Jen (38) | ||
| 753715 | 2009-03-06 06:11:00 | I didn't compare AUD but I think ANZ was pretty good. I would just stick to the 4 main banks, better than Travelex. If you have a credit card with a bank some also waive the commission or provide a discount to it. A debit card, sure, but when you use it you would still be liable at that time's exchage rate over in Australia. So if the NZD drops you pay more as a result. I think cos it is located in AU, you tend to operate in AU conditions too. |
Nomad (952) | ||
| 753716 | 2009-03-06 06:15:00 | Yeah I think with the EFTPOS or C/C overseas you have the FX rate then you also have a comm rate as well per transaction specified by a percentage. If you swap the cash prior to going you may get a discount or waive it if banks provide you incentives. So it is better that way. Re: the comm fee if you get it done here (swap cash), they tend to specified a percentage and then a min figure, like they may 2% but min of $5/10. But again some banks if you have a credit card with them or a gold card etc.. they may discount that or even waive it. |
Nomad (952) | ||
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