Aussie Forex And Finance Exchange Rates

Aussie Forex exchange rates and fees

Aussie Forex, similar other money transfer providers, charges a range of fees and exchange charge per unit margins on transfers in order to generate profits. Here's a quick breakdown of how much you tin can await transfers to toll on Aussie Forex.

Exchange rates

The commutation rates charged by Aussie Forex are published and amended regularly on the visitor'southward website. Here are the substitution rate margins every bit of 26th Apr 2020:

Philippines: The PHP/AUD charge per unit is 32.17 confronting the mid-marketplace rate of 32.45. This gives a margin of 0.86%.
Sri Lanka: The SDG/AUD charge per unit is 121.97 confronting the mid-market charge per unit of 123.301 giving a margin of i.08%
Vietnam: The VND/AUD rate is 14,897. Compared to the mid-market rate of fifteen,041.90 giving a margin of 0.96%.

From this you lot tin see that typically Aussie Forex typically charges substitution charge per unit margins in the region of one%. This makes the company very competitive in the money transfer space, and is a lot better than the four-5% margins you often see when transferring money using a bank.

Apart from transfers to People's republic of bangladesh and Pakistan, where rates for bank deposits are meliorate than those offered for greenbacks pickups, the method of payment does non affect the substitution rate margin on transfers with Aussie Forex. You can also book or lock-in an exchange rate for two nights if your transfer is AU$10,000 or more.

Fees

Aussie Froex'south fee construction is broken down depending on where you're transferring funds to. Some examples include:

Customers sending coin to Bangladesh in Bangladeshi Taka (BDT) pay no fees for all transactions irrespective of the amount
Transfers of AU $150 and above to Islamic republic of pakistan in Pakistani Rupees are charged zero fees
Transfers to Republic of india are charged a fee of AU $1 regardless of the amount

Aussie Forex guarantees its customers that they will never pay more than AU $10 for whatsoever remittance, but check the fees for the transfer you desire to make before sending payment and confirming the transfer.

Additional costs

Since Aussie Forex is a member of the SWIFT network, recipients may be charged an inward SWIFT fee deducted from their payments when receiving their funds through depository financial institution deposits. Aussie Forex doesn't set these fees, so it's important to check with your bank before making a transfer.

Aussie Forex pros and cons

Aussie Forex offers secure and fast professional person services. Here are some pros and a few cons to expect when using the platform to send coin to your family unit and friends back home.

Pros

Competitive exchange rates: On average, Aussie Forex charges an commutation rate margin of effectually i% above the mid-market place rates.

Low to aught transfer fees: On specific transfer routes such as India, Pakistan, and Bangladesh, customers savour fees equally low every bit AU $ane or even zero charges.

Mobile app: The provider has an app available both on Android and iOS platforms that you can utilise to brand transfers on the become.

Multiple payout methods: You lot tin make transfers to your beneficiary'south banking concern account or cash pickup.

Cons

Limited sending and disbursing network: You can simply make a transfer from Commonwealth of australia to 10 countries in Asia.

Limited customer support: Customer service is available on electronic mail and phone back up. Back up services are available during role hours.

What kind of payments can I brand with Aussie Forex?

Customers can make their transfers online, either through the Aussie Forex website or their defended mobile app. Transfers are paid for using cash deposits and bank transfers and are delivered in minutes or can take upwards to iii days depending on the payout methods and speed of processing for the recipient bank.

The provider allows for multiple transfer payment and payout options. Nosotros've broken downwards all the options you have available when making transfers with Aussie Forex.

Payment methods available

You tin pay for your transfer in one of ii ways: either past making a cash deposit, or a bank transfer to your Aussie Forex account.

Withdrawal options available

Beneficiaries can admission the funds sent through their bank accounts or at specified cash pickup locations.

Does Aussie Forex take a mobile app?

The provider has an app available as a free download on both the Play Store and App Store. The awarding has several functionalities including:

Account sign up: You can register for an account through the app
Beneficiary Management: Yous can add, delete or improve the details of your beneficiaries accordingly.
Send money: Through the app, you can make a transfer on the go to your family and friends.
Historical transactions: If you lot want to review transactions yous have previously made, y'all tin do so through the app.

Withal, the app has just 11 reviews on Play Shop and a rating of ii.seven/five. On the App Store, it has a rating of 4/5.

How fast are Aussie Forex's transfer speeds?

The speed of transfers depends on the payout method you cull. Cash pickups are almost instant while banking company deposits have between ane-iii days to be delivered.

Are there maximum and minimum transfer amounts?

Aussie Forex does not specify any minimum or maximum transfer limit. Yet, the receiving banks may have limits which the provider incorporates on its platform. For example, the maximum cash pickup transfer limit to Pakistan in Pakistani Rupee (PKR) is 500,000.

Tin I trust Aussie Forex?

Aussie Forex is safe, reliable and fast. The company has been helping individuals and businesses brand seamless cross-edge transfers for more a decade. Here are some trust factors to call back nearly before using the provider.

History

Aussie Forex & Finance Pty Ltd was registered as a visitor in Australia under company number 114 853 539 on 21st June 2005. On 1st August 2005, it was registered for tax as an Australian private company. Kamran Mirza is the founder and director of Aussie Forex.

Regulatory compliance

Aussie Forex is registered and regulated by the Australian Securities & Investments Commission (ASIC) AFS License Number 431354. This gives them the mandate to deal with financial products.

Tin I cancel my transfer?

Yes. If the amount has not been received by the beneficiary yet, y'all tin cancel your transfer. All the same, you should note that the commission charged past Aussie Forex is non-refundable.

Top destinations for using Aussie Forex

The x countries you can make a transfer to with Aussie Forex are:

Customer support

You can attain out to the client support at Aussie Forex through the following channels.

Telephone: You can call +612 9262 5062 (a price number) during office hours to get assistance. The role hours are:
- Sydney: Monday to Friday: 9:00am – 5:30pm
- Melbourne: Mon to Fri: 9:00am – 5:30pm
- Perth: Sat: 9:00 am – four:00 pm
Email: You can email info@aussieforex.com.au for help on more detailed issues that require documentation.

Summary

Aussie Forex is an Australian money transfer service headquartered in Sydney. Currently, it supports transfers from Australia to 10 Asian countries, assuasive customers to transport money to their loved ones through straight depository financial institution deposits and cash pickups.

Cash pickup transfers are delivered on the aforementioned day while depository financial institution deposits may have up to three days to be completed. For customers who want to transport coin to countries in unlike parts of the earth such as Africa, they have to look for an alternative considering Aussie Forex doesn't support such transfers.

Aussie Forex tin be a cracking selection for people in Australia looking to transport remittance payments to countries in Asia, simply it is always important to compare your options. The best way is to use our coin transfer comparison tool to check the rates other providers offer and their delivery times.

Aussie Forex'due south services regularly rank highly on our recommended list, but to be certain y'all're getting the best deal it pays to see what other options are available.

Artiom is a marketing graduate from the Academy of Portsmouth, Artiom'due south primary experience is in PR and Outreach but he has a broad knowledge of search engine optimisation and all facets of digital marketing. He optimises the organic feel on MoneyTransfers.com with the content squad manages and creates unique marketing tactics, and generally supports the overall growth of the website.

Customer reviews

Source: https://moneytransfers.com/companies/aussie-forex

Posted by: byersfrover.blogspot.com