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Old 06-04-2004, 12:37 PM   #1
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Hey all, heading to Oz soon with my working holiday visa.
Was wondering on the best way to transfer funds from my canadian account, into an Aus. account, once I get one set up over there.
I was thinking of bringing traveller's cheques, but was warned their might be a significant fee. Any other reccomendations? Wiring the funds? thanks in advance,
steve
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Old 06-04-2004, 08:21 PM   #2
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I assume you cant set up the account before so...
Does your home account allow you to pay bills electronically?
if so i would suggest transfering over the internet (check that u have the right address and a secure connection and you will be fine.) B)
Talk to your bank, tell them your problem and see what they suggest.
I would go against the travelers cheques theyre not really worth the hassle.
Another option is if you give someone in your family access to your account then u can send the accound number and BSB (branch number) home to them and they can go into the bank and do it over the teller (thats what I did for my brother) - just make sure the bank will let them make transfers and that they wont run off with you hard earned money.

Good luck
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Old 06-05-2004, 07:07 AM   #3
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I don't know about wiring money at all. I am still using my canadian account and all the money that I make in australia is going into my australian account. Withdrawing from my canadian account (bank of montreal) costs $5, but I always make sure that I withdrawl at least $200. I would take some traveller cheques, just for safety etc.. The best brand to get is Thomas cook/travelex. The have at least one branch in every majore centre. If you got to their branch then you won't be charged a service fee. If u have any other q's just ask. I'm in brisbane right now.

oh and remember you have to open a bank account within the first 6 weeks of your arrival.
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Old 06-05-2004, 09:31 PM   #4
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didn't we already have a thread on opening bank accounts in oz?


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Old 06-07-2004, 01:22 PM   #5
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Quote:
Originally posted by Diorama@Jun 5 2004, 01:07 PM
I don't know about wiring money at all. I am still using my canadian account and all the money that I make in australia is going into my australian account. Withdrawing from my canadian account (bank of montreal) costs $5, but I always make sure that I withdrawl at least $200. I would take some traveller cheques, just for safety etc.. The best brand to get is Thomas cook/travelex. The have at least one branch in every majore centre. If you got to their branch then you won't be charged a service fee. If u have any other q's just ask. I'm in brisbane right now.

oh and remember you have to open a bank account within the first 6 weeks of your arrival.
Actually that sounds good, $5 is'nt too bad when withdrawing large sum's of money, i'll probobly take some of those Thomas Cook chq's with me also as a precaution. I just read your online journal, sound's like your having a great time, I can't wait to get out there now, i'm starting off in Cairns on the 29th of July. Maybe i'll see you around, thanks for the info!
steve
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Old 06-08-2004, 07:13 PM   #6
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i asked my bank (td canadatrust) and the informed me about email transfers. with these you can email your self the money, then email your australian account. i'm planning on doing that.
when do you leave? i arrive on sunday the 13th!!! woot!
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Old 06-08-2004, 11:32 PM   #7
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Quote:
Actually that sounds good, $5 is'nt too bad when withdrawing large sum's of money, i'll probobly take some of those Thomas Cook chq's with me also as a precaution. I just read your online journal, sound's like your having a great time, I can't wait to get out there now, i'm starting off in Cairns on the 29th of July. Maybe i'll see you around, thanks for the info!*
yeah no probs..Yeah I'll be somewhere between brisbane and cairns on July 29th. I'll prob be leaving brissy on june 29th and then we're making our way up to cairns slooowly. We're gonna stop every so often and fruit pick. But yeah keep logging in to tp.com and mabye we'll be at a place at the same time.take care
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