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.