31Jan 2018 by roxyprophet
TransferWise: The most cost-effective way to transfer your money

TransferWise: The most cost-effective way to transfer your money

Money Transfer, Work Essentials
What is TransferWise? TransferWise is an international money transfer service that was founded in 2011. It is backed by high profile investors including PayPal’s co-founder Max Levchin and Sir Richard Branson.  TransferWise provides services across borders through online and mobile platforms where customers can easily send and receive money while saving considerably against bank charges and exchange rates. It is the quickest, cheapest and easiest way I have ever transferred money. Also, if you are still based in the UK you can order a borderless debit card(a great international money withdrawal card).  Transferwise borderless accounts allows you to send and receive money through borderless bank accounts.   Why TransferWise? Fast transfers – The way their system works is by you depositing money into one of their local bank accounts, say…
Read More
30Jan 2018 by roxyprophet
Three ways to set up an Australian bank account

Three ways to set up an Australian bank account

Banking, Money Transfer, Work Essentials
Now that you've signed up to TransferWise and have a fantastic international debit Mastercard as a backup, it's time to get an official Australian bank account.Why do you need an Australian bank account?If you want to work in Australia, most employers will only pay into an Australian bank account. I highly recommend you set one up before you leave so all you need to do when you land is a quick identity check.Here are seven other important reasons:It’s a great way to keep a record of your pay while you’re working towards your second-year Working Holiday Visa.Makes your tax refund easier because you need to track the interest you get on your income.It will save you money using TransferWise to send a large amount of money over rather than small…
Read More
28Jan 2018 by roxyprophet
How to use your Australian bank account efficiently

How to use your Australian bank account efficiently

Banking, Money Transfer, Work Essentials
Using your Australian bank account efficiently starts with preparing for your Bank ID check when you land. When you set up a bank account from overseas, once you land in Australia you will need to do an ID check to officially activate your account. You cannot withdraw money if your account is not activated.ID Check Checklist:Checklist of information you should prepare. Make sure you do your ID check within two weeks of landing in Australia and no later than six weeks after. The sooner you do it the easier it is.Banking app: Download the bank app and log in. Get it all set up and ready to use from day one. This will be used to verify your account and you want to make sure you can access your statements…
Read More