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Australian Money

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  • 13-12-2010 2:55pm
    #1
    who what when
    Registered Users Posts: 822 ✭✭✭


    Dont know if this is the right forum so feel free to move if necessary.
    Basically going to australia for a three weeks and want to know the best way to manage finances.
    Should i bring cash? If so where is the best place to change the money as regards exchange rate? Or is it better to exchange the money while over there?
    Should i use ATM's over there? Or will i be charged huge fees for the pleasure?
    I dont have a credit card so thats not an option.
    Bit of newbie in this regard so any advice would be great.


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    #2
    Mackman
    Registered Users Posts: 1,810 ✭✭✭Mackman


    The best thing to do is have a little in everything.
    -bring some in cash,
    -leave some in an account you can access with your card (make sure it has LINK, or MAESTRO or something similar on the card, check with the bank to make sure it will work over here)
    -Convert some to traveller's cheques.

    That way you wont be screwed if you lose one.


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    #3
    am_sunny
    Registered Users Posts: 29 ✭am_sunny


    who what when wrote: »
    Dont know if this is the right forum so feel free to move if necessary.
    Basically going to australia for a three weeks and want to know the best way to manage finances.
    Should i bring cash? If so where is the best place to change the money as regards exchange rate? Or is it better to exchange the money while over there?
    Should i use ATM's over there? Or will i be charged huge fees for the pleasure?
    I dont have a credit card so thats not an option.
    Bit of newbie in this regard so any advice would be great.

    I'm having the same problem as you. Don't know what to do. I recently got a Visa debit card so i'm hoping that will work. Not sure what the charges are though. Check your banks website and it show say somewhere what they charge per transaction.


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    #4
    woolymammoth
    Registered Users Posts: 1,772 ✭✭✭woolymammoth


    australia has great money! it has super anti-ocean powers, not like my phone :(


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    #5
    mel.b
    Registered Users Posts: 3,130 ✭✭✭mel.b


    who what when wrote: »
    Dont know if this is the right forum so feel free to move if necessary.
    Basically going to australia for a three weeks and want to know the best way to manage finances.
    Should i bring cash? If so where is the best place to change the money as regards exchange rate? Or is it better to exchange the money while over there?
    Should i use ATM's over there? Or will i be charged huge fees for the pleasure?
    I dont have a credit card so thats not an option.
    Bit of newbie in this regard so any advice would be great.

    Just check with your bank before you go about maximum daily withdrawal limits on your laser/maestro card. Had previously never had a problem with national irish bank, but on my recent trip to Oz (oct/nov)was limited to $600aud a day which some days in oz doesn't go far. I don't think the fees were massive though for using the atm.


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    #6
    Mahatma coat
    Banned (with Prison Access) Posts: 6,869 ✭✭✭Mahatma coat


    The Banks will Screw you thats a Given, ATM transactions cost $2 a pop over here, Foreign Exchange fees are Retarded and will be added each time you draw foreign money.....

    Anyway as I've said before, the Best way to transfer money to Australia is to Put it in a big brown Envelope and post it to me, I'll mind it for you til you get here ;)

    send it to

    Mahatma Coat
    Rocky River Road
    The Outback
    NSW 24 69

    :pac:


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    #7
    The Aussie
    Registered Users Posts: 2,440 ✭✭✭The Aussie


    Mahatma coat wrote: »
    The Banks will Screw you thats a Given, ATM transactions cost $2 a pop over here, Foreign Exchange fees are Retarded and will be added each time you draw foreign money.....

    Yep they are in the business of making money alright, unlike another countries banks i can think of :rolleyes:,

    Mackman wrote: »
    The best thing to do is have a little in everything.
    -bring some in cash,
    -leave some in an account you can access with your card (make sure it has LINK, or MAESTRO or something similar on the card, check with the bank to make sure it will work over here)
    -Convert some to traveller's cheques.

    That way you wont be screwed if you lose one.

    This route sounds the best way to go to me.


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