Are You Transferring Money to Australia? Looking for the Best Currency Exchange Rate for the Australian Dollar?
Fantastic offer from OFX just for Sydney Moving Guide readers. I’m so excited to partner up with OFX and to be able to share this offer with you. Since partnering with OFX, I have referred over 3, 500 SMG readers and have never gotten any negative feedback.
If you are transferring a large sum of money to Australia and looking not just for the best exchange rate, but also for a forex company that will not hide fees in a false exchange rate or add on top a high percent commission, then please contact OFX by clicking on your location below.
You see pid=3637 in the website address. That’s how OFX knows that you have been referred to by me. The free transfer promotion will take effect after you have registered for your OFX account.
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No promo code needed, just click on your current location below.
Transferring Money is Something That Everyone Moving to Australia Has To Do.
From experience, I know that it can be costly, slow and not always secure, but it doesn’t have to be. In fact, just the opposite can be true.
Not only that, but you can lock in your rate of exchange for larger sums of money. Most expats do this for that first transfer to Australia because it is usually a large lump sum.
You can also set up monthly transfers if you need to stay up on bills like your mortgage or school loan payments back home. I personally have set up a monthly transfer so that I won’t ever fall behind on my school loan payments while living in Australia.
Not Ready to Transfer Money to Australia Right Now?
That’s fine. You can sign up today, just three easy steps, and have your account ready for when you are.
Or sign up later if you want, just remember to click through to OFX using my link to get the free transfer offer.
Remember, you can open your Australian bank account 12 months before you arrive in Australia.
It’s super easy to do and will take you only 5 minutes online at most. Seriously, it will be the easiest part of your move to Sydney.
In fact, I highly recommend you open your bank account in Australia and transfer money before you leave home.
Most expats wait until they are present in Australia to do this and find that it causes more stress than it’s worth as it can take over a week to set up your bank account in Sydney, get your bank cards, and finally, get access to your funds.
This is the time most expats don’t have when first landing in Australia.
It also will put a delay on finding a new home in Sydney especially if you don’t have access to money for the deposit on your first apartment in Sydney.
I have a post on how to set up your bank account in Australia here.
Australian Dollar Exchange Rate News
Another thing that you are going to start doing a lot of is watching the currency market.
Seriously, it’s the expat addiction that no one tells you about.
The thing is it’s a complete waste of energy if you’re not actively looking to transfer money.
You probably will still check the exchange rates on a weekly basis but the best way to stay up-to-date without it becoming an obsession is to subscribe to OFX Rate Alerts when you setup your account.
Let’s be honest, the only reason you’re checking the exchange rate is because if it’s in your favour, to the point where you can’t ignore it, then you’ll do something about it.
Below is the latest on how the Australian Dollar is currently doing in case you’re wondering or thinking about transferring some funds.