Qantas Business Money takes on banks in global payments

business person transfers money and checks currency conversion rate

A familiar name has stepped in to disrupt the world of business payments and international money transfers. So if you want to save on global business transactions and earn Qantas Points along the way, Qantas Business Money could be the right choice for your business.

When you transfer money with the big banks, you’ll likely be paying transaction fees and rate mark-ups that are built into the quoted rate. Qantas Business Money doesn’t charge a transaction fee for international transactions (other than those which take place via the SWIFT payments network), and their exchange rate is set at the interbank rate plus 1.02% or 1.60% (depending on currency). They also boast more than 30 currencies from 130 different countries to choose from. 

As an added bonus, business owners also get to earn points while transferring money. You can earn 1 Qantas point for every $10AUD (or equivalent) you exchange.

Let’s see how this shakes out:

Say your business has suppliers and buyers in New Zealand, to the tune of $25,000 AUD a month (paid in New Zealand Dollars). You’ll earn 1 Qantas point for every $10AUD transfer (or equivalent), so in one year, you’ll have enough points to fly from Sydney to Auckland - and nearly back again!

To let transfers soar to new heights – while ditching those extra big bank costs – see if Qantas Business Money is the right choice for your business.

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Last updated 13 July 2024 Important disclosures
Qantas Business Money
  • Competitive international exchange rates and free local transfers
  • Earn 1 Qantas point for every $10AUD equivalent converted
  • Over 30 currencies available from more than 130 countries
Find out more

Qantas Business Money allows your company to operate globally, holding up to 11 currencies in one account and invoicing in local currency. You can set up virtual multi-currency Visa cards to be shared or assigned to individual employees. Local transfers are fee-free, while international transfers attract a 1.02% to 1.60% exchange fee dependent on currency with a low minimum transfer of $1 AUD (or equivalent). You’ll also earn 1 Qantas point for every $10 AUD you convert, uncapped.

I want to transfer
to
Today’s foreign exchange rates
  • Excellent exchange rates, no transfer fees
  • 24/7 transfers online, over the phone or through the TorFX app
  • Personal account management and expert insights

$6,761 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.6761 USD

  • 1-2 days

  • $200 minimum

  • Send to 200+ countries and 100+ currencies globally
  • Dedicated Australia-based client services team with personal account management for transfers over $20,000
  • 48,000+ 5-star 'Excellent' ratings on TrustPilot

$6,747 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.6747 USD

  • 1-3 days

  • none

  • Fee Free transfers
  • Talk to a human, 24/7. Sharp Rates and Fast and Secure transfers.
  • Australian owned, ASX listed and Official Foreign Exchange Provider of the NHL

$6,713 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.6713 USD

  • 1-2 days

  • $250 minimum
    $500 monthly minimum for regular transfers

  • Fee free for selected countries on the first transfer
  • Transfer in minutes, 24/7 Live support
  • Wide range of options - Cards, Bank transfer, Wire, Cash pickup and E-wallet

$6,737 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.6737 USD

  • Within minutes

  • $0 minimum