And the best part is that you don't even have to leave Glen Waverley. Travelex and Travel Money Oz offer better exchange rates online, so be sure to visit their website.
You'll be able to negotiate the exchange rate and it will add up to better savings. One of the drawbacks to this is that it'll take more time and effort. Visiting a store is a fantastic option, particularly for larger amounts. You'll be able to negotiate a better rate than what you can find online. Try and get a range of quotes from various money changers. Generally, banks have better exchange rates for uncommon currencies.
If you need foreign exchange for less common currencies like Thai Baht THB or Indonesian Rupiah IDR , money changers often hold a limited stock and their exchange rates are less competitive.
Contrary to popular belief, using an Australian bank to buy your overseas holiday cash isn't always the most expensive option. In fact, it can sometimes be the cheapest way to buy it.
Exchange rates from banks for common currencies, such as the US dollar and Euro dollars aren't particularly competitive when compared to other currency exchanges. However, they can be the best option for other currencies such as the Chinese Yuan also known as the renminbi. While you have the option to send money overseas at a bank or money changer, it usually isn't the cheapest or easiest way to transfer money. There is no one perfect way to send money overseas. There are a lot of different choices so we suggest doing your research online before making a decision.
You can buy a travel money card over the counter at most banks or money changers. While buying it on the spot may be convenient, it won't have your name on the card.
Alternatively, you can order and load your card online and arrange a time and place to pick it up. Alternatively, if you'd prefer to have someone else do the running around to find the best exchange rate, you can call The Currency Shop at Find out the best ways to exchange money.
We will show you the cheapest places to buy currency, where to find the best exchange rate and how to get your holiday money online or in store. Using a bank is one of the easiest ways of sending money overseas but it is also the most costly. Here are 5 cheaper alternatives Let us do the hard work for you. Simply let us know which currency you want to buy and what rate you are after. We'll contact you as soon as we find a currency partner that can sell it at your nominated rate. If you have a large amount, call us on A local consultant will call you back within one business day to help you out.
Alternatively, you can call us directly on Your reviews are helpful to us and other users. Tell us about your experience and write a review. These are some of the things you need to know about ordering currency online: There is a card fee which you can easily avoid by using BPAY instead of a card Ordering currency online may not be the best option for you if you're looking to receive your order at the last minute.