Aussies losing out on currency exchange
According to new research from Capital Economics, moving money abroad is becoming unnecessarily expensive and Aussie’s don’t really understand all the costs.
Aussie universities spend one week per month processing international fee payments
Australian universities are losing almost an entire working week each month to processing international payments, according to research from global payment service Western Union and the University of Sydney.
Westpac latest bank to test out “real time” global money transfers
Westpac, along with 21 other financial institutions around the world have recently agreed to form a “validation group”, where they will test out a blockchain proof of concept (PoC) technology. If successful, the project could eventually lead to providers such as Westpac offering real time international money transfers to its customers.
ANZ slashes money transfer fees to five Asia Pacific countries
ANZ has today reduced TorFX instead (offering the highest exchange rate on Mozo’s database) will give your beneficiary $341 more, or a total of $7,674 USD.
Aussie dollar on the way down: travellers urged to lock in exchange rate
If you’re planning to travel this year, you might want to exchange your spending money sooner rather than later, as the Aussie dollar is set to drop, according to experts.
Could instant global money transfers be just around the corner?
If you regularly transfer money overseas, whether it’s to a loved one back home or for business purposes, you may be frustrated with the amount of time it currently takes to hit the recipient’s bank account.
The travel money rip-off: Banks charging hundreds more to Aussie travellers
Aussie travellers who fail to shop around for a suitable travel money card could easily wind up paying hundreds of dollars more, according to the latest Mozo research.
Best travel credit cards for overseas spending in 2017
Planning to hit the beaches of Bali or wander the banks of the Seine this year? Wherever your wanderlust takes you, you’re going to need a cost-effective way to spend when you get there - after all, those coconut cocktails and buttery croissants don’t come for free.
Bankwest named Travel Credit Card Bank of the Year in Experts Choice Awards
Aussies love to travel - but the bill that comes with all those souvenirs, poolside stubbies and French winery tours is not always quite so welcome. That’s why Aussie globetrotters will be glad to hear Mozo’s experts have recently crowned the very best travel credit cards, debit cards and prepaid cards for overseas spending.
Mozo’s Experts Choice Awards reveal best international money transfer options
In an increasingly global society, Aussies are sending money overseas for many different reasons and searching for cost-effective ways to do it. But finding a budget friendly international money transfer option is not always easy - luckily, Mozo has today revealed the winners of our Expert Choice IMT Awards.