
Lazy or unaware? The most avoidable travel traps that are costing Aussies $4.4 billion
Aussie travellers are losing an average of $448 a year to avoidable tourist traps, according to recent Mozo research.

Aussie travellers are losing an average of $448 a year to avoidable tourist traps, according to recent Mozo research.

Recent research from international money transfer specialist Transferwise has shown that although Australia is a multicultural society with many residents who were born or have relatives overseas, we only have a hazy understanding of sending money to our loved ones across borders.

If you’re like a host of other adventurous Aussies, you’ve probably spent the last few months booking flights, organising accommodation and sorting out car hire and now you’re eagerly awaiting the day you head abroad.

You would expect most Aussies to take up even the smallest opportunity to cut costs this festive season, but it turns out that a large chunk of us are passing up savings on our international money transfers, according to The Australian Overseas Money Transfer Index.

Aussies going abroad have a new travel money match after ING today announced it will be scrapping overseas fees on its Orange Everyday Account.

As year 12 students around the country enter the last stretch of their final exams, thoughts will soon be turning to celebrating their new found freedom which, for many, means just one thing - Schoolies 2017.

Although CommBank recently announced it was slashing upfront fees on Transferwise.

The Commonwealth Bank has been on a fee-slashing spree lately, doing away with foreign ATM fees, cutting account fees and scrapping bank account transaction limits and more recently, dropping the monthly account fee on its Equity Unlock For Seniors reverse mortgage.

Aussie businesses that rely on international money for importing and exporting goods and services are getting whacked with over a billion dollars in exchange rate markups and other fees, a new study has found.

With summer just around the corner many Aussies will already be in the midst of planning their overseas vacations, but a falling Australian dollar could mean that now is the time to exchange travel money before rates drop any lower.