Many university students across Australia are lapping up the final weeks of a well-earned summer break with midweek trips to the beach or lazy days binging Netflix. Meanwhile, others are hard at work, saving their precious pennies for what is going to be a glorious semester abroad later this year - but how can their budgets benefit with an international money transfer?
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Lately it’s starting to feel like everyone is either on holiday or packing for their next international adventure. But as Aussie travellers tick buying travel size shampoos or getting travel insurance off their to-do list, they’ll also be on the lookout for their perfect travel plastic match.
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At approximately 6:30am, as Aussies across the country were preparing for the day ahead, the Aussie dollar hit 80.22 US cents for the first time in 4 months.
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Aussie travellers are losing an average of $448 a year to avoidable tourist traps, according to recent Mozo research.
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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.
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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.
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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.
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Aussies going abroad have a new travel money match after ING today announced it will be scrapping overseas fees on its Orange Everyday Account.
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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.
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Although CommBank recently announced it was slashing upfront fees on international money transfers by as much as 70%, customers sticking with a big bank when sending funds overseas are still being ripped off, according to specialist IMT provider Transferwise.
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