ING introduces new travel-friendly features to its everyday bank account
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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Mo money, mo mojitos: Travel money musts for Schoolies 2017
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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Big banks are still ripping off international money transfer customers with exchange rate markups says Transferwise
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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CommBank slashes International Money Transfer fees by 70%
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.
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Fair exchange: Transferwise launches ‘Borderless’ international money account for Australian businesses
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.
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The Aussie dollar may be about to dive, so it could be time to lock your travel cash in
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.
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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.
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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.
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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.
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ANZ slashes money transfer fees to five Asia Pacific countries
ANZ has today reduced international money transfer fees for customers sending funds to five different countries across the Asia Pacific region, in a bid to make certain types of transfers more affordable for the Aussie families who use them.
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