Bank of Queensland Cash Passport travel card. The Fees & Need-to-knows
When travelling overseas, you want to make the most of your money and not miss out on any fun experiences or excitement. This makes finding an easy way to...
Brisbane Airport (BNE) is often voted Australia’s best airport by Skytrax and has won the award 4 times. It welcomed nearly 23 million passengers in the 2024 fiscal year.¹ If you’re headed there soon, as part of a trip to or from Australia, you’re going to need some money to get you started.
With 600+ businesses based out of Brisbane Airport, you won’t struggle to change money there. In this quick guide, we’ll fill you in on the options you have to change money at BNE.
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Brisbane airport offers currency exchange services through (Prosegur Change Australia](https://au.prosegurchange.com). There are 5 Prosegur currency exchange locations at the airport and their stores can be found both at departures and arrivals².
You can book your currency in advance online and collect it at a Prosegur store. Changing your currency at the airport is seldom the cheapest option – so it certainly pays to do some research in advance, so you can avoid paying over the odds for your conversion.
You can find Prosegur stores at the following locations:
International Landside Departures – Level 3
Services – Travel money cash exchange and online orders
International Airside Departures
Services – Travel money cash exchange and online orders
International Landside Arrivals – Level 2
Services – Travel money cash exchange
Airside Baggage – Level 2
Services – Travel money cash exchange
You can view more branches and maps on the Prosegur website here.
Airport currency exchanges serve a captive market, and aren’t subject to any real competition. That means they can get away with offering a poor deal, and often choose to markup their rates to increase their profit.
If you need to buy AUD or foreign currency, you might get more for your money by ordering currency online in advance, or taking your cash out directly from an ATM upon arrival.
Another option is to exchange only a small amount of cash at the airport for your immediate needs, and then exchange the rest of your money in the city. That should mean you have more providers to choose from, and potentially better exchange rates.
Your holiday is no time to stress about money. However, investing a little time in advance to do some research can save you a lot of cash – meaning more in your pocket to enjoy your trip.
Places like airports and hotels offer currency exchange services which are convenient, but they’re often not very good value. That’s because they might take the mid-market rate, and add a markup to increase their profits.
They’ll then often claim to offer fee free, or zero commission exchange, but in reality, their profit is all wrapped up in a poor exchange rate. That’s not transparent, and usually isn’t good value.
You’ll need to know the mid-market exchange rate for your currency pairing, so you can check that the rate being offered to you is fair. You can do that easily by looking up your currency pairing using an online currency converter.
Here are a few more handy tips to make sure you’re getting a good deal on your currency exchange in Brisbane.
Use a comparison service for transfers, or an online currency converter to quickly and easily check the exchange rates and fee applied by your chosen exchange service or bank
Check in advance if it’s cheaper to exchange money before you leave, or after you arrive in Australia
If you plan on making ATM withdrawals, check if your home bank has a partner in Australia which lets you get cheap or free ATM withdrawals
Don’t change too much money. You really don’t want to get hit by fees a second time when you convert your remaining AUD back to your home currency.
With a Wise Account you can hold money in 40+ currencies and spend it in 160+ countries. You can also order local account details in popular world currencies like AUD, NZD, USD, EUR, GBP to receive local and/or international payments like a local.
Whenever you exchange currencies it’s done using the mid-market rate with a conversion fee shown upfront.
To make everyday spending easier you can order a Wise Debit card for your Wise Account and generate virtual cards as needed. If you have the local currency in your Wise Account the Wise card will use it and charge no fees. If you don’t, it uses smart technology to auto-convert your money at the mid-market rate, for a conversion fee.
The Wise card may suit you better if you’re to spend money that you’ve stored in different currencies within an existing Wise Account, and benefit from 2 or less free cash withdrawals under $350 AU, or foreign equivalent, per month (keep in mind that ATM providers may charge their own fees). You can see our full fee breakdown for ATM withdrawals here.
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Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.
Sources:
BNE quick facts
Sources checked as of 13 November 2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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