We are regularly recommended by hundreds of individuals and companies because of the financial savings we can offer their friends and customers. Our professional and friendly team believe in making currency exchange simple through no fees or commissions. There are a few different ways you might want to currency in Melbourne Airport. You could head to a bank, choose a physical currency exchange service, or go for an online option. Speed - The time it takes for the money transfer to be completed can be an important factor when choosing a money transfer service.
These are our picks for the best money transfer providers for a variety of transfer types for 2025. Customer Service - The assistance and advice provided by money transfer companies for their customers might determine your choice. We favour the convenience of locking in a good exchange rate and picking it up close to your travel dates, rather than travelling all around town trying to save an extra dollars. The downside of using these specialist money-changers is that 墨尔本 换 汇 they don’t have a great amount of available cash available in less common currencies, such as Indian Rupee (IDR) or Hong Kong dollars (HKD).
If we look at Macquarie Bank’s rates which are better than of the average bank in Australia, and compare that against CurrencyFair‘s or Wise‘s rates we are looking at looking at three times the amount. Australians are becoming increasingly aware of the fact Australian banks are expensive when it comes sending money abroad. The cheapest way to exchange currency really depends on what currency you are buying, how much and where you are.
Not only the money transfer rates offered by Australian banks are worse than those offered by money transfer services, they also charge fixed fees as per the below. The cheapest way to get foreign currency in Melbourne Airport will depend on the currency you need and the value you want to exchange. This guide gives some good pointers to locations you may want to compare, but shopping around is still essential. Compare the exchange services in Melbourne Airport with online and digital services to get the best deal overall. There isn't a one size fits all approach when it comes to international money transfers, as it depends on your circumstances.
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.
When you’re looking for the best money exchange in Melbourne pay careful attention to the rates available. Check the mid-market rate for your currency online, or with a specific currency conversion app - and look for a provider which offers this rate, or as close as possible to it. If you’d rather have peace of mind when travelling, consider ordering a Wise Multi-Currency Card. You can spend using the card or Google / Apple Pay; plus Wise’s exchange rates and fees can be a lot cheaper than getting your travel money from a currency exchange shop. It’s usually cheapest to buy foreign currency at your destination, but not as convenient.
The key here is that Wise uses the mid-market exchange rate, while Commbank has added a fee to the rate used to convert your AUD to USD. This fee is hard to spot - but it means the recipient gets less in the end compared to with Wise. Are you confused by the large number of different ways to transfer money overseas from Australia? In this article, we examine a selection of popular ways to send money overseas including banks and remittance services, plus money transfer services which operate entirely online. We have outlets located in Sydney, Hurstville, Eastwood, Chatswood, Sunnybank (QLD), and Box Hill – Melbourne (VIC), with plans to open outlets in other Australian cities. Get your currency exchange in Melbourne without visiting a shopping centre or bank.
Xendpay runs on a “pay what you want” system, with users being free to decide the amount they wish to pay for the service. Just like money exchange, the rates you are offered when transferring money overseas are different depending on which service you use. Most money transfer services don't offer the same rate that you see on Google or XE.
Western Union has around 525,000 agent locations globally in over 200 countries, making it one of the largest money transfer services. It's hard to beat Wise when it comes to exchange rates as it's one of the few providers that give the mid-market rate. This means that the exchange rate you are quoted by Wise is the best possible rate available. However, exchange rates are just one piece of the puzzle, so it is still worth comparing the overall cost of the transfer to make sure you are getting the best deal. Quite often, ordering online is the cheapest and easiest way to buy currency.
S Money is an online currency exchange, but they also have one store in the Melbourne CBD. Based on our research, S Money offers the best exchange rates in Melbourne but charge a percentage-based service fee and a $14 service fee for home delivery. In comparison, Travelex and Travel Money Oz add a markup of 3.70% on conversions to US dollars. Banks and currency exchange stores can exchange your foreign currency back to Australian Dollar - but the rate is unlikely to be as good as it was when you converted in the first place, which means you get less back than you spent. Instead, consider a travel money card like the Wise card which lets you leave your money in dollars and convert on the spot when you make a payment or withdrawal overseas.
The Currency Shop does not exchange currency like a money changer store. We help you find the best exchange rates by listing and comparing the exchange rates of the banks and safe, reputable currency exchange services in Australia. Melbourne’s airports may advertise competitive currency exchange rates, but many include hidden fees or commissions, making them more expensive overall.
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.
Let’s look at an example, where we imagine making a payment of 5,000 AUD from Australia to the United States, to be deposited to a bank account in USD. This means the only difference in cost between one place and another is the exchange rate. In our experience, the difference between a good exchange rate, which you can get online, and the best rate you can find will only amount to a couple of dollars.
Compare The Best International Money Transfers in Australia
·
5 min read
