CHANGING CURRENCY AT TULLAMARINE AIRPORT
Replies: 15 - Last Post: Oct 25, 2012 6:03 PM Last Post By: sibbick1
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CHANGING CURRENCY AT TULLAMARINE AIRPORT
HiMy daughter is going overseas, for the first time and at the airport will need to change currency, but I can't remember for the life of me, what the name of the currency converter place is, I keep thinking money changers, but that is in malaysia. Can anyone tell me the name so i can tell her
Thanks Leanne
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Oh, I've just see you're in Australia! Your daughter should ask her bank first!3
By any chance, is your daughter with the ANZ, Leanne?Why you ask...
Because in the secure zone at Melbourne International, after clearing passport control, you can take funds out of the ANZ ATM for only $4 fee! Yes, the types of currency is a bit limited, ie, NZD/GBP/USD, and some others but its the lowest commission/fee I have seen.
Travelex will charge $12 for a conversion. Think that that is the only one at Melbourne Airport. ANZ has a branch out there too, where you would be able to get other currencies than the ANZ ATMs will give out.
If she is not with the ANZ, and does need currencies other than the ones I mentioned, I think the ANZ ATMs have 5 different ones, then ignore my reply.
CommBank also has some ATMs that will give out foreign currencies for a fee of just $5.
Only catch is that you have to be with the CommBank or ANZ above, to save on ATM fees.
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ALTHOUGH I mention the $12 commission, I do this only to get the Qantas FF points on the forex... but it seems that there is a way to get commission free foreign currency with Travelex.If you do the conversion online, and just go to pick up the cash at Travelex Melbourne Airport, there does not seem to be a fee charged.
https://www.travelex.com.au/buy-online
If you have a look under commission on the bottom of the calculation, it does say none.
But if your question is, is the rate good, that i don't know.
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As you can see from this link, ANZ and Travelex are the only authorised places to change Aud$ cash to foreign currency at Tullamarine.http://melbourneairport.com.au/flight-passenger-info/aiport-facilities/currency-exchange-banking.html
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Leanne, if your daughter purchases her currency online through Travelex and pays by Bpay, she pays no commission whatsoever and gets a good exchange rate. I do it all the time when I go o/s. The website will tell you that it takes about a week, but you can usually pick up your cash in a couple of days.I agree that purchasing foreign currency at the airport is not a good idea - either the exchange rate will be poor or the commission will be high (or both).
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Leeanne this time I have caved and purchased a travel money card. Daughter had one last year, when travelling thru many countries and found it easy to get money out at ATM's. If you go to a bank you can purcahse it there and then. As I have a certain credit card I didn't have to pay the $15 fee.Worth checking out what your own bank offers, these can also be purchased from travellex and the post office.
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Post Offices in Australia will get you foreign currency at no charge. (I think)10
This does not answer the OP's question but I've been advised that in Melbourne one gets the best exchange rates from the various currency changers in Swanston St.Edited to add a few words at the beginning
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The worst way to get foreign currency would be at an airport exchange.The best is to withdraw from an ATM in nthe current you are going to, especially if this is at a bank aligned to your Australian bank.
The next best (if you must have some cash on you before you leave) is at your own bank's Forreign Exchange bureau.
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And to answer the OPs question - there are a number of currency change booths/offices at the Melbourne airport who deal with major currencies. They are easy to see/find.As other poster have said the rates are pretty ordinary so best to get a minimal amount and then change in-country when she arrives.
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Post Offices in Australia will get you foreign currency at no charge. (I think)
Incorrect. You have to use an online service like fx4you first and transact the amount you want to convert to various currencies. then you pick a post office location that is convenient to you to pick up your money.I do this all the time when I travel.
