Forex / Money Transfer to Australia

Australian dollars is the official currency of Australia and is the only acceptable mode of cash payment in Australia. Foreign Exchange counters are widely available at all international airports and through banks operating in Australia. 

When traveling abroad, it is important to carry a certain amount of local currency. It will be a headache to constantly calculate the rate of exchange and figure out how much of your currency you need to give up in the name of foreign exchange. Plus, carrying around wads of cash was always, and still is an issue.

The introduction of forex cards changed all that. Banks now offer foreign exchange or forex cards that are loaded with currency units for the specific country or region you are traveling to. These cards take a lot of worries away from you. For instance, Fluctuations in the exchange rates won’t affect the amount that you have in your card wallet. You don’t have to worry about your cash being stolen or lost. This is a great idea for people going abroad for business or pleasure. But these cards are not a great help for people who have to stay abroad for a duration longer than a week or a month in the pursuit of education. Banks offer special forex card that comes loaded with features specifically for the benefit of students. 

Money transfers are a fast and convenient way to securely pay tuition fees, living expenses, and accommodation. For the study and accommodation expenses, funds from the home country of the student can be paid in local currency and transferred to the destination country currency to each recipient, such as the university or accommodation provider.

You need to select an RBI-authorized Forex service provider in India. The Forex service providers offer an efficient remittance service that allows you to carry out online money transfers from the comfort of your home. It is the safest and fastest way to send money from India to Australia.