We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Cash AUD to EUR/GBP best solution?

I have 6000 AUD in Cash, I want to get this to EUR or GBP cash or into card/bank. I have bank accounts in Europe in EUR & GBP, Halifax clarity.

Right now I'm in Australia :T, will later be in Indonesia/Singapore, Cyprus & UK, what's the best solution?

I thought about trying to get this onto my Revolut, but here in Auz I don't have a bank account (nor do I believe can I have one on a tourist visa). Then I thought about loading the cash onto another prepaid travel card, but apparently Revolut may or may not accept the card - which seems risky, without knowing a specific card that works.

Any advice? :D:D

Cheers much appreciated, Dale.

Comments

  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Revolut and other cards cannot be loaded by cash payment. Nor TransferWise.

    You will need to exchange it to GBP or EUR in Australia at the best rate you can find, probably better than in UK.

    In S'pore if you have time to shop around you might find a money changer with some Scottish or old series bills that you can buy cheaper than current English, which of course have full value for banking in UK.
    Evolution, not revolution
  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    eDicky wrote: »
    Revolut and other cards cannot be loaded by cash payment. Nor TransferWise.

    TransferWise borderless accounts appear to use National Australia Bank for their AUD accounts. Wouldn't it be possible to turn up to a branch of NAB with the cash and your account details?
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • Gloomendoom
    Gloomendoom Posts: 16,551 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    It may be possible to open an Australian Bank account.

    https://www.freedomsurfer.com/australian-bank-account/
  • zerog
    zerog Posts: 2,478 Forumite
    Don't bother with bank accounts, just change them in Singapore, you'll get rates close to or better than Transferwise would give you at the same time.

    The Scottish notes trick mentioned is also a good idea, you should also ask some paper £10s, torn notes and if you want to be enterprising, you can get £1, £2, €1 and €2 coins for cheaper too. Smaller coins are not worth it unless they are going for half price, i.e. pay 25p (i.e. 45 Australian cents) for a 50p
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.4K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.