komi Posted September 29, 2015 Share Posted September 29, 2015 Hi, My and my family is arriving to Sydney on PR. As we are migrating permanently, we will be bringing all of our money. So, I want to ask: 1. Currently we have cash in PKR and USD. In which currency should we bring the cash. Should be convert all of our cash to AUD? 2. Normally airlines have limitation of brining cash. So, how we will be brining cash (lets say currency worth around AUD$ 30K) to Australia. Any advice? Regards, Komi Link to comment Share on other sites More sharing options...
Marisawright Posted September 29, 2015 Share Posted September 29, 2015 Hi, My and my family is arriving to Sydney on PR. As we are migrating permanently, we will be bringing all of our money. So, I want to ask: 1. Currently we have cash in PKR and USD. In which currency should we bring the cash. Should be convert all of our cash to AUD? 2. Normally airlines have limitation of brining cash. So, how we will be brining cash (lets say currency worth around AUD$ 30K) to Australia. Any advice? Regards, Komi You will not be allowed to travel with large amounts of cash, I don't think. I suggest registering with Moneycorp through this forum, and transferring most of your money to an Australian dollar account with them. Then open a bank account here in Australia (you will need one for payment of your salary) and transfer the money from Moneycorp into that account. Link to comment Share on other sites More sharing options...
komi Posted September 29, 2015 Author Share Posted September 29, 2015 I tried MoneyCorp but they need a permanent address in Australia which I don't have right now. Link to comment Share on other sites More sharing options...
Bungo Posted September 29, 2015 Share Posted September 29, 2015 Hi, My and my family is arriving to Sydney on PR. As we are migrating permanently, we will be bringing all of our money. So, I want to ask: 1. Currently we have cash in PKR and USD. In which currency should we bring the cash. Should be convert all of our cash to AUD? 2. Normally airlines have limitation of brining cash. So, how we will be brining cash (lets say currency worth around AUD$ 30K) to Australia. Any advice? Regards, Komi This is the 21st century. Nobody carries cash. Transfer your money through a broker or through your bank. Link to comment Share on other sites More sharing options...
Marisawright Posted September 29, 2015 Share Posted September 29, 2015 I tried MoneyCorp but they need a permanent address in Australia which I don't have right now. No they don't. I used them when I was moving to the UK and I didn't have a permanent address in the UK. Link to comment Share on other sites More sharing options...
Wooba Posted September 29, 2015 Share Posted September 29, 2015 There are no restrictions on carrying cash, only requirements to declare it. When I come I'll be bringing about $40k with me in cash. Link to comment Share on other sites More sharing options...
itegoa Posted September 29, 2015 Share Posted September 29, 2015 There are no restrictions on carrying cash, only requirements to declare it. When I come I'll be bringing about $40k with me in cash. And if you lose it/gets stolen/plane is evacuated, what are you going to do? Link to comment Share on other sites More sharing options...
Bungo Posted September 29, 2015 Share Posted September 29, 2015 There are no restrictions on carrying cash, only requirements to declare it. When I come I'll be bringing about $40k with me in cash. Do you think ther is no crime in Australia? Do you think there is no theft or muggings? What country are you from? I wonder if you do not have an over romantic ideal as to the safety of Western countries. Link to comment Share on other sites More sharing options...
Wooba Posted September 29, 2015 Share Posted September 29, 2015 And if you lose it/gets stolen/plane is evacuated, what are you going to do? I'm not going to check it. It will be with me at all times Link to comment Share on other sites More sharing options...
Wooba Posted September 29, 2015 Share Posted September 29, 2015 Do you think ther is no crime in Australia? Do you think there is no theft or muggings? What country are you from? I wonder if you do not have an over romantic ideal as to the safety of Western countries. I'm Canadian. I'll be going straight to a bank from the airport. Link to comment Share on other sites More sharing options...
itegoa Posted September 29, 2015 Share Posted September 29, 2015 LOL. Each to their own. I know for sure I wouldn't be carrying around $40K in hard cash (unless I was a multi-millionaire and that type of money didn't matter much to me!!) Link to comment Share on other sites More sharing options...
Bungo Posted September 29, 2015 Share Posted September 29, 2015 I'm Canadian. I'll be going straight to a bank from the airport. Well if you typically wander around Canada with $40k on your person, I guess this is much the same. Link to comment Share on other sites More sharing options...
Wooba Posted September 29, 2015 Share Posted September 29, 2015 Well if you typically wander around Canada with $40k on your person, I guess this is much the same. Of course not, but I don't migrate everyday. Extraordinary circumstances mean unusual behavior. People carry large amounts of cash on planes all the time. Unless you advertise it, people don't know what you have with you. Link to comment Share on other sites More sharing options...
Skani Posted September 29, 2015 Share Posted September 29, 2015 2. Normally airlines have limitation of brining cash. So, how we will be brining cash (lets say currency worth around AUD$ 30K) to Australia. Any advice? Be aware that any transaction involving $10,000 or more of cash in Australia is subject to an extra layer of bureaucracy and is reported to a special Transaction Authority (AUSTRAC). You can carry it in cash in through the airport but you will have to declare it at customs control and fill out a form which will be forwarded to AUSTRAC. Similarly when you make a cash deposit into a bank. More form filling and information forwarded to AUSTRAC. http://www.austrac.gov.au/travellers/travelling-or-out-australia/reporting-physical-currency#what_is_the_limit https://www.hsbc.com.au/1/PA_ES_Content_Mgmt/content/australia/common/pdf/about/aba-fact-sheet.pdf Link to comment Share on other sites More sharing options...
Wooba Posted September 29, 2015 Share Posted September 29, 2015 Thanks. I'm aware of that. I have to declare in Canada too. Link to comment Share on other sites More sharing options...
Diane Posted September 29, 2015 Share Posted September 29, 2015 Now as a public service, I think Wooba should let all of us meet him/her at the airport - just to welcome him/her to the country of course.....:biglaugh: Link to comment Share on other sites More sharing options...
akiralx Posted September 29, 2015 Share Posted September 29, 2015 Now as a public service, I think Wooba should let all of us meet him/her at the airport - just to welcome him/her to the country of course.....:biglaugh: Yes, I was going to say, let me know what flight you're on... On a serious note, I hope he wouldn't delay any evacuating passengers behind him in an emergency by wrestling with the overhead locker to retrieve his hand luggage... Link to comment Share on other sites More sharing options...
Wooba Posted September 29, 2015 Share Posted September 29, 2015 Yes, I was going to say, let me know what flight you're on... On a serious note, I hope he wouldn't delay any evacuating passengers behind him in an emergency by wrestling with the overhead locker to retrieve his hand luggage... I think people who do that should get some prison time, like on the recent British airways flight in Las Vegas. I will have the money on my person. Link to comment Share on other sites More sharing options...
toOZ2012 Posted September 30, 2015 Share Posted September 30, 2015 Hi, My and my family is arriving to Sydney on PR. As we are migrating permanently, we will be bringing all of our money. So, I want to ask: 1. Currently we have cash in PKR and USD. In which currency should we bring the cash. Should be convert all of our cash to AUD? 2. Normally airlines have limitation of brining cash. So, how we will be brining cash (lets say currency worth around AUD$ 30K) to Australia. Any advice? Regards, Komi 1. If you want to bring cash then bring them as is and exchange them here for AUD. The general rule is "local" currency is always cheaper to buy. So buy AUD in Australia and buy USD in USA etc 2. Be vigilant and declare cash at the customs. Don't know if your have any regulations on cash control where you are departing. 3. Suggest you look into forex companies. There are plenty of them around. You can open a NAB account while you are still overseas and transfer money into it. Link to comment Share on other sites More sharing options...
Parley Posted September 30, 2015 Share Posted September 30, 2015 I think you can carry $10000 in cash without declaring it, so if there are 3 or more of you you could bring it in without declaring. Just make sure $10000 each and no more. I think a child can carry money too but I'm not 100% sure on that one. Link to comment Share on other sites More sharing options...
Collie Posted September 30, 2015 Share Posted September 30, 2015 Most of the Australian banks will allow you to open an account before arriving (I opened a CBA account from Ireland). You can then transfer your cash to it using a money broker (much cheaper than the banks - I used Halo in London but ozforex, moneycorp, transfermate etc are others). On arriving in Australia, you just go to the branch with you ID and they activate your account for ongoing use. Carrying that amount of cash is just crazy IMO. Link to comment Share on other sites More sharing options...
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