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Available for both personal and corporate customers, you may want consider using Macquarie Bank if you’d like the security of a bank, but the competitive exchange of a dedicated money transfer service.
A leading provider of banking, financial, investment advice and funds management, Macquarie Bank has now tapped into the international money transfer market. With their area of expertise, Macquarie tends to focus on the investment aspect of currency exchange, such as forward contracts and limit orders. These are handy for businesses that deal with good and services overseas, or the typical foreign investor.
Macquarie Bank actually owns 51% of OFX, so the transfers are powered by OFX and there are up to 48 currencies available to buy and sell.
Some of the rates Macquarie Bank uses for international money transfers are given below. Rates current as of 25/11/14:
Standard currencies
AUD | GBP | CAD | DKK |
EUR | FJD | HKD | JPY |
MXN | NZD | NOK | PGK |
PLN | SGD | ZAR | SEK |
CHF | THB | AED | USD |
Exotic currencies
BHD | BND | XPF | XOF |
CNY | CZK | HUF | INR |
IDR | ILS | KWD | OMR |
MGA | MYR | MAD | MGA |
MYR | MAD | PKR | PEN |
PHP | WST | SAR | SCR |
SBD | KRW | LRK | TWD |
TOP | TRY | VUV | VND |
A transaction fee of up to AUD $15.00 or the foreign currency equivalent will apply to transactions under AUD $10,000. There is no fee for transactions over AUD $15,000.
Please note that extra fees and charges may apply if there is more than one beneficiary involved. For example, if an amount of AUD $10,000 is being sent to more than one beneficiary, then separate fees would be charged.
Macquarie Bank offers the following products and services regarding foreign exchange:
You can also speak to a Macquarie foreign exchange dealer between Monday 7am Sydney time, and Friday 5pm New York time, which is around 8am Sydney time. This is essentially a 24-hour service from Monday to Friday.
This service is open to anyone (whether it’s for personal or business) who wishes to send currency to a bank in another country.
Macquarie Bank’s international money transfers are powered by OFX, a money transfer service that prides itself in offering competitive exchange rates compared to the banks. If you’d prefer a 24-hour service with a large choice of currencies backed by the security of a bank, you might find Macquarie’s services helpful.
Macquarie Bank provides a flexible and competitive international money transfer service. With a huge range of currencies available, you’ll find the process simple and easy to send money back home.
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