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.
Personal international money transfer comparisons on Mozo
I want to transfer
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
$6,346 USD
IN PERSONn/a
BY PHONE$0
ONLINE$0$0.6346 USD
1-2 days
$200 minimum
- Send to 200+ countries and 100+ currencies globally, 48,000+ 5-star 'Excellent' ratings on TrustPilot
- Dedicated Australia-based client services team with personal account management for transfers over $20,000
- Send fees are charged on smaller amount transfers, additional fees are charged on debit and credit card payment methods.
$6,330 USD
- IN PERSONn/a
BY PHONEn/aONLINE$5 $0.6333 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
$6,296 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6296 USD
1-2 days
$250 minimum
$500 monthly minimum for regular transfers
- 48 hour fixed rates, receive 5 fee-free transfers
- Fast, secure transfers, up to 8x cheaper than the banks
- Send and receive money in 20+ currencies
$6,290 USD
- IN PERSONn/aBY PHONE$5ONLINE$5
$0.6293 USD
1-2 days
Minimum transfer amount is $10 AUD
* The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.
^See information about the Mozo Experts Choice International Money Transfer Awards
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