Where to Exchange Foreign Currency in Australia

When you're planning a trip overseas, one of the first things you'll need to do is exchange your Australian dollars for the currency of your destination. There are a number of places where you can do this in Australia, including banks, currency exchange stores or with an app like Yondr.

At A Bank

Most banks in Australia offer foreign currency exchange services. However, the exchange rates they offer are often not very competitive. If you're looking for the best possible exchange rate, you're better off using a currency exchange store or an app like Yondr Money.

Payment Apps

Payment apps or travel cards like Yondr Money allow you to exchange foreign currency using a mobile app. They typically offer very competitive exchange rates, and they make it easy to top up your account and access your funds whenever you need them.

Currency Exchange Stores

Currency exchange stores are businesses that specialize in exchanging foreign currency. They typically offer better exchange rates than banks. However, it's important to compare rates between different stores and any fees before you make a purchase.

Post Offices

Some post offices in Australia offer foreign currency exchange services. However, the exchange rates they offer are often not very competitive. If you're looking for the best possible exchange rate, you're better off using a currency exchange store or a service like Yondr Money.

Which Option is Best for You?

The best option for you will depend on your individual needs and preferences. If you need a large amount of cash, you may want to use a bank or a currency exchange bureau.

However, if you're looking for the easiest way to pay while you travel and don't mind going to the ATM when you need cash, you may want to use a service like Yondr Money.

Here are some of the benefits of using Yondr Money:

• Bank-beating exchange rates: Yondr Money offers very competitive exchange rates. In fact, we often beat the rates offered by banks and currency exchange stores.
• Convenient: You can exchange currency from your phone, so you don't have to go to a bank or a currency exchange store.
• Secure: Yondr Money uses the latest security technology to protect your personal and financial information.

If you're looking for a convenient, secure, and affordable way to exchange foreign currency, Yondr Money is a great option.

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Things you should know

YONDR MONEY Pty Ltd ABN 11625732569 holds AFSL number 545391 and is authorised to provide general financial product advice to retail and wholesale clients. Any advice you receive from Yondr is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.