What recipient information do I need to send money online?
You’ll need your recipient’s Bank Code (BIC/SWIFT) and the recipient’s local bank account number. OFX does not need your recipient’s mobile phone number or email address.
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I need to send money to China in person. Where are the money transfers near me?
In-person money transfer is easy! You can head to a money changer near you. Here are our local city guides to find the best exchange rate: Sydney – The best rates and competitive transfer fees in Sydney are found on Pitt Street, George Street or occasionally in Haymarket. Melbourne – Money changers are located near Flinders Street Station in Melbourne, with the exception of United Currency in QV. Adelaide – Most money transfer locations in Adelaide are located on King William Street. Perth – You can send money through Ria Money Transfer, located in Morley, and Hai Ha Money Transfer […]
Can I send money overseas through my bank?
Yes, you can send money overseas through your bank, but this is not advisable as local banks typically have more expensive rates and transfer fees. This is because they have a physical storefront and staff, and they add these costs to their money transfer rates. In comparison, online money transfer like OFX will give you better rates and charge less to send cash. They are also highly convenient, as you can do it in the comfort of your own home.
Is there a day to send money that will give me competitive rates?
Unfortunately, there is no best day to buy foreign currencies. Movement in foreign exchange rates depends on the global demand and supply of goods and services, as well as political and economic factors. So if you’re planning to send money to New Zealand, now is the best time!
Is it better to exchange money in Australia or New Zealand?
In most cases, it is cheaper to buy your foreign currency at home in Australia before you head overseas. Additionally, you could get better rates if you send money to New Zealand online.
Is it cheaper to send money to New Zealand online or in-store?
Online money transfers to New Zealand are generally cheaper. Money changers with a retail store have to pay for rent, staff, and insurance, which increases the cost of these additional third-party charges. Some physical money changes may also not have the currency you’re after, making it difficult to change money. We recommend online money transfers if you’re looking to change money in New Zealand dollars.
