Looking for the very best rates when buying your Australian Dollars? Read our top travel money tips to make sure your travel money savings are maximised.
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Top Tips to get the best exchange rates when buying Australian Dollars
Consider how you pay for your Australian Dollars to get the best fee inclusive rates?
Check any additional charges that may apply when buying Aussie dollars using particular payment methods. Currency suppliers may incur higher costs for processing travel money transactions from credit card companies than debit card suppliers or when bank transfers and cash is used to purchase holiday cash. They may pass these charges on to you.
Is it better to collect your Australian Dollars or have them delivered to get the best rates?
If you collect your Australian Dollars in person it is often cheaper, particularly if your purchase is modest (many currency companies only charge a deliver fee on smaller currency purchases, typically under £500). Doing it in person gives you the opportunity to pay with cash avoiding any credit/debit card charges but don't forget to take your time and travel costs into consideration. Also you may wish to avoid the security issues involved with carrying a lot of cash around.
What protection is there when buying Australian Dollars?
Unlike deposits with banks and building societies, Australian Dollars purchased through bureaux de change are considered to be selling you goods so travel money is not protected by the Financial Services Compensation Scheme and if the company goes out of business the FSCS will not compensate you.
Where else can I use my Australian Dollars?
Australian Dollars are also the currency of: Tasmania; Cocos Islands; Christmas Island; Heard Island and McDonald Islands; Kiribati; Norfolk Island; Nauru; Tuvalu