dangargoyle Posted March 13, 2015 Share Posted March 13, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport? I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. Link to comment Share on other sites More sharing options...
engaus Posted March 13, 2015 Share Posted March 13, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport?I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. My partner opened an Australian bank account before he arrived and transferred money. He arrived one day and went down to the bank the next to confirm his identity and pick up his bank card. He carried a little cash to get him through the two days without a card but that wasn't an issue for us. Link to comment Share on other sites More sharing options...
Nemesis Posted March 13, 2015 Share Posted March 13, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport?I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. You can open an account with Westpac or Commonwealth before arrival - there may be others too, but I know those two can be opened offshore. Link to comment Share on other sites More sharing options...
maisiedaisy Posted March 13, 2015 Share Posted March 13, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport?I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. Hi Dangargoyle - You can definitely open an account before you leave, will make it much easier for you. If you go up to London you can visit Westpac and open an account with them if you so wish. If you take your passport and drivers licence that will verify who you are and will give you total access to your account. Or you can do it online and collect your cards when you arrive in Oz. The only thing with doing it that way is you will only be allowed to deposit money but not withdraw it until you've verified your account. best wishes maisie Link to comment Share on other sites More sharing options...
NicF Posted March 13, 2015 Share Posted March 13, 2015 Yep, open a bank account before you go. Then use a forex company (eg Moneycorp) to transfer funds from the UK to your Australian bank account. Your will get a much better rate this way than changing cash anyway. Then just change a small amount of cash to take with you until you collect your cards from the bank in Australia. Link to comment Share on other sites More sharing options...
davewilton Posted March 14, 2015 Share Posted March 14, 2015 I use halo financial a lot. You get about 1.5 cents under the exchange rate on the day and a $25 charge per transaction by NAB here (regardless of who you bank with). I also opened an account with NAB online before moving. I can't see you'd get better than that exchanging cash over there Link to comment Share on other sites More sharing options...
Bungo Posted March 14, 2015 Share Posted March 14, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport?I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. You can open an account before you get here. Or just use your UK cards for the first few days until you sort one in Australia. Link to comment Share on other sites More sharing options...
Marisawright Posted March 14, 2015 Share Posted March 14, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport?I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. Why can't you just leave your money in your UK bank account and transfer it when you've got your Australian account opened? If you need funds in the short term, use your UK card at an ATM. There's no need to close your UK account just because you're leaving the country. Link to comment Share on other sites More sharing options...
rammygirl Posted March 14, 2015 Share Posted March 14, 2015 In fact don't close you r UK account. Keep it open and it comes in handy in all sorts of ways. You will find it hard to open a UK account when you are no longer resident if you decide you need one. Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted March 14, 2015 Share Posted March 14, 2015 Just an enquiry! Are there any good alternatives to carrying cash amounts higher than 10,000 AUD when making the initial move to Oz? Is it easied to just carry cash and declare it at the airport?I know travelers cheques are not generally accepted nowadays. Bank to Bank transfers are impractical since on initial entry, you will not have an Australian Bank Account. You can open up a bank account a year ahead of arriving in Australia - there is information on National Australia Bank under the banking section/tab at the top of this forum. For bank to bank transfers, Moneycorp can help - you will get a good exchange rate, no transfer fees regardless of the amount you are transferring, and no commission charges. More info can be read here - http://moneytransfer.pomsinoz.com Thanks John Link to comment Share on other sites More sharing options...
dangargoyle Posted March 14, 2015 Author Share Posted March 14, 2015 You can open up a bank account a year ahead of arriving in Australia - there is information on National Australia Bank under the banking section/tab at the top of this forum. For bank to bank transfers, Moneycorp can help - you will get a good exchange rate, no transfer fees regardless of the amount you are transferring, and no commission charges. More info can be read here - http://moneytransfer.pomsinoz.com Thanks John Thanks everyone for the input. I have opened a NAB account online and received read only access. My transfers are reflecting on the Online Interface... Hoping to land in Sydney in May this year. Feeling more relaxed now.. Link to comment Share on other sites More sharing options...
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