International money transfer news and advice

All the latest international money transfer news and top tips from Mozo's money experts

Save big sending money overseas at christmas

Sending money overseas this Christmas? Here’s how to save big

International money transfers (IMTs) – also known as remittances – are pretty common around Christmas and New Year. But these transactions can attract costly fees and exchange rates, making it expensive to send cash to family and friends over the holiday season.

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Sending money overseas with Australia's big four banks

Sending money overseas with Australia's big four banks

Sending money internationally has become increasingly important in our connected world, whether you're supporting family overseas or running an international business. Australia's big four banks all offer International Money Transfer (IMT) services, but their features and fees vary significantly.

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Bank-beating overseas money transfers

Bank-beating overseas money transfers

When it comes to sending money overseas, many people may default to using their bank. It's familiar, it's easy, and you probably already have an account set up.

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How to send money overseas without raising red flags

How to send money overseas without raising red flags

Australia’s anti-money laundering laws can be quite strict, with plenty of scrutiny around international money transfers (IMTs). Whether you’re sending a personal payment or managing business transactions, ensuring your transfer doesn’t trigger a suspicious activity alert is crucial. Here's how to send money overseas smoothly while staying within the law.

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Tax on money transfers to Australia: what you need to know

Tax on money transfers to Australia: what you need to know

While international money transfers (IMTs) to Australia aren't directly taxed, the Australian Taxation Office (ATO) and the Australian Transaction Reports and Analysis Centre (AUSTRAC) keep a close eye on these transactions to ensure any undeclared income is reported.

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