Qantas Business Money takes on banks in global payments
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.
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
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
Today’s foreign exchange rates
- Transact online 24/7 with fast settlement & extremely competitive rates.
- Quick and easy account setup, supports multiple payment methods including debit/credit card, bank transfers and wire transfers.
- Transfer over $250 and receive a $7 coupon. Use Promo code INSTAREM5. T&Cs apply. Offer ends 10th Jan 2024