Best places to exchange currency in Shellharbour
If you plan on going to Australia with some of your home currency to exchange, read on to learn what you need to know about exchanging currency in Shellharbour.
Whether you call it the Land Down Under or just Australia, the reality is that there are restrictions and requirements when it comes to bringing cash across borders. If you’re travelling to or from Australia and plan to bring cash with you, you’ll definitely need to be aware of the rules.
Here’s some info to keep in mind to ensure a safe, smooth trip.
💰 Wise provides you the mid-market exchange rate and low transparent transfer fees shown upfront. |
---|
Learn more about
Wise money transfers
Note: This content in this blog is for information purposes only and should not be considered or relied upon as general or personal financial advice. |
---|
There are no limits to how much cash you can bring into Australia. However, if it’s $10,000 (AUD) or more (or the equivalent in a foreign currency) in total, you’re required to declare it at customs. This also applies to non-cash forms of money (like cheques, traveller’s cheques, and money orders).¹
For Australia, there is no limit to the amount of money that you can travel with, receive and send overseas. Just like in the point above, you’ll still have to make a customs declaration if you’re carrying more than $10,000 (AUD) (or the foreign currency equivalent) in cash.¹
Keep in mind that the country you’re travelling to may have its own rules about how much cash you can bring in. Make sure to do your research depending on the country you’re headed to.
Coins and notes qualify as cash when entering Australia.
Bearer negotiable instruments (BNIs) include:
Travellers from all countries are required to declare cash when entering Australia, if the amount is $10,000 (AUD) or more.
Travellers from all countries are required to declare cash when entering Australia, if the amount is $10,000 (AUD) or more.
Physical Currency (CBM-PC) reporting forms are available from customs officers at international airports and seaports. They may be handed out on planes or cruise ships before you land in Australia, but if not, they can be picked up at the airport as you make your way through customs.
You can also make your declaration online here – Online form: Travelling into or out of Australia with money.** **Sample reporting forms can be seen here.
Exchanging currency in cash is generally not the cheapest way to obtain Australian dollars. If you exchange cash at an exchange service, even if it advertises no fees, it’s probably still exchanging your money at an unfavourable exchange rate so it can make a profit.
It’s generally cheaper to use a foreign currency or travel money card to withdraw cash as you need it at a local ATM. Depending on the contract you have with the travel card provider, you may get lower fees and/or a better exchange rate.
Even though Australia is generally a pretty safe place, it’s never a good idea to carry large amounts of cash while you’re travelling. That’s just one more reason to explore options outside of exchanging cash.
Send money with Wise and you get the mid-market exchange rate, which means no expensive mark-up on your currency conversions. Fees are clear, shown upfront and secure.
Wise also offers the Wise Account, which allow users to send, receive and manage money in multiple global currencies, including Australian dollars, all from one account. You can also order a Wise debit card, which you can use to pay for goods and services at the mid-market rate when abroad.
Safety is super important at Wise and it’s regulated wherever it operates. In Australia, it is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL number 513764).
It’s super easy to arrange a payment with Wise. Once your account is approved, you can set one up in minutes, without the need to visit a physical branch in person.
Join over 13 million customers currently enjoying Wise. It’ll only take a few minutes to register and see what’s inside.
Register your Wise account in minutes 🚀
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information. |
---|
Hopefully, with these tips in hand, your trip to Australia will go off without a hitch. Safe travels!
Sources:
Sources checked on 20-Dec-2022
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
If you plan on going to Australia with some of your home currency to exchange, read on to learn what you need to know about exchanging currency in Shellharbour.
If you’re planning a trip to Chadstone, or if you’re considering Chadstone as a possible new home, read this to learn where in Chadstone to convert your money.
If you’re a tourist headed to Cairns for a break, or considering a permanent relocation there, you can learn about exchanging your money to AUD here.
Before enjoying all there is to do and see in Wollongong, it’s important to know where to get the best deal for your local currency. Here's all you need to know
Whether you’re planning a short visit to Dandenong, or you’re considering a permanent relocation there. Here’s all you need to know about exchanging your money.
If you’re a visitor to the Gold Coast, or planning on moving there permanently, read on to find out the best ways to change your cash while you’re there.