Where to exchange money in Bankstown
Are you heading to Bankstown? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Bankstown that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Bankstown
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Bankstown.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| Hai Ha Money Transfer Bankstown | 62 Bankstown City Plaza, Bankstown NSW 2200, Australia | +61 2 9793 8248 |
| Australian Exchange | Shop 367, Bankstown Central, North Terrace, Bankstown NSW 2200, Australia | +61 2 9793 1440 |
| Western Union | Bankstown Sq Shopping Centre, Bankstown NSW 2200, Australia | +61 1800 501 500 |
| Worldwide Currency Transfers | 3 Marion St, Bankstown NSW 2200, Australia | |
| CENTRAL TRADE & TRANSFER | 44a The Appian Way, Bankstown NSW 2200, Australia | +61 455 570 025 |
Australian dollar rate today
First off, in case you’re wondering something along the lines of “does Australia use Australian dollar?”, the answer is yes. The currency in Bankstown — and the rest of Australia— is Australian dollar
You can also find it written as AUD in currency exchange shops.
What you should know about exchanging money in Bankstown
When exchanging money in Bankstown or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Australia long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Australian dollar for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Australia banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Consider an alternative to physical currency exchanges
Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local bank details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Bankstown. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
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