Skip Navigation

Taking Cash Abroad

Travel Forums Australia / New Zealand & The Pacific Taking Cash Abroad

  • 1
  • 2

Last Post

11. Posted by hmaar6 (Budding Member 8 posts) 8y

Hi gys thanks for your replies

The score is - I HAVE to take cash. Don't trust cheques and a bank account will "awkward" until i get there so i am defintely taking sterling.

My rates (on a poor exchange rate) comes to about $9800. Juts a tad under the $10k limit? Should i declare it anyway? Should i leave it??

Will i have it confiscated?? Don't worry i'm not an axe murderer

Thanks in advance for your repllies.

12. Posted by dannyboy7 (Full Member 167 posts) 8y

Forget all that.... just open a flex account at Nationwide and stick it in there.... you can use your debit card anywhere and its also a visa card and the best bit is they don't charge you for using it while your in oz so no bank charges.
i took 500 dollars in cash and my flex account card and had no problems getting out my cash anywhere along the east coast..... it was the best idea and i did'nt have to worry about lugging cash or travellers cheques.

13. Posted by snowplain (Budding Member 21 posts) 8y

You really don't have to take cash, there's a million ways around it, but if you're set on it fair enough.

You know you can open an Australian bank account before you get here? I know Commonwealth let you do it online, and probably others too - places like Visa First I think will do it on your behalf also. If you do that, and you have any kind of UK account, with or without a debit card, like a building society or savings account or post office account, you can just transfer it to your Australian bank account by giving your UK bank the IBAN/Swift number for your Australian account, which your Australian bank will give you. You'll get charged 20 quid or so for the international transfers, but will way more than save it with the much better inter-bank exchange rate, and your money will be waiting for you in your Australian account when you get here, and you can pick up your debit card from your designated branch as soon as you arrive.

As far as declaring, I wouldn't bother if you actually are under, it'll just be an unnecessary hold up. If it's under by any amount you don't have to declare, and even if it's slightly over they realistically won't make an issue of it. You can legally bring as much cash as you want into the country, they just ask you to declare large amounts so they can ask you where you got it from in case you got it illegally or plan to use it for something illegal. If they ask at all, they'll just ask for some vague explanation as to why you're carrying that much, and a year's working holiday is more than sufficient reason to have 9k on you.

  • 1
  • 2