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Changing Currency!! Aah!

Travel Forums Australia / New Zealand & The Pacific Changing Currency!! Aah!

1. Posted by DannyUK (Budding Member 13 posts) 8y

DannyUK has indicated that this thread is about Australia

Hey All!

Im heading down under at the start of July but still dont know the best way to take my money it will be roughly £3500-£4000 so quite a lot really. Ive heard some people open an Aussie bank account from the UK before they travel and then transfer there funds accross...is this the best way?

Also some people say its best to take the money in travellers cheques and then open an account when you get there ??

Any advice would be great!
Cheers.

Danny

2. Posted by Carl_1970 (Budding Member 16 posts) 8y

How long are you staying for?

3. Posted by steff (Travel Guru 1160 posts) 8y

Opening a bank account once you get to Australia is definitely a good idea ( I wouldn't bother beforehand), because then you only have to pay for the transfer once and if you intent on working most employers will only pay you into an Australian account anyway.
To cash in Travellers cheques is an option but I just got my bank in Germany to transfer the money between the two accounts. That took a week or so, but in the meantime I got money of the ATM (with an international debit or credit card).
Hope this helps!

4. Posted by DannyUK (Budding Member 13 posts) 8y

Hey thanx for the replies!

Think im gonna check with my bank to see if i can use my card down under! iv got a working holiday visa which can be extended up to two years so i plan on working over in Oz. Cant wait now only got 5 more weeks of work in Rainy England...Woohoo!!

Danny

5. Posted by jasonh2015 (Full Member 156 posts) 8y

if your bank issues travellers cheques, mostly american express, you can cash them on the spot once you open an aus bank account. no wating for anything.

6. Posted by cheryl.j. (First Time Poster 1 posts) 8y

I'm going to Aus and NZ for 6 weeks and was wondering how's best to take cash - I won't be opening a bank account so do you think Travellers Cheques are the easiest/safest way?

Thanks,
Cheryl

7. Posted by hmclehto (Full Member 142 posts) 8y

Just withdraw money with your English debit / credit card from ATM's. It's no point taking travellers cheques for 6 weeks. I never take any money to Europe always just use ATm's, you will get charged any way you do it, this is one of the cheapest options. Just tell your bank first so they won't cancel your account, because somebody is suddenly withdrawing money in Sydney :)

Good luck and have dun Downunder!

8. Posted by Kiwigail (Budding Member 18 posts) 8y

These days you are best to use a credit card for large purchases and payments. Check with your bank that your card is suitable. In NZ Mastercard and Visa are best.Some places take American Express and Diners Club. If you bring a small amount of cash or change UK cash at the airport you will have no problems. We have plenty of ATM machines.