How did you bring in your money to OZ?

ozzieness · March 2013

Hi guys! anyone who tried or has idea kung ok lang magdala ng more than 10k AUD (hand carry) pero i-declare sya. thanks

lock_code2004 · March 2013

Hi guys! anyone who tried or has idea kung ok lang magdala ng more than 10k AUD (hand carry) pero i-declare sya. thanks

yes, that is possible, you will be asked by the border security some questions
- where did it come from
- why are you bringin it inside the country
- basically to check if there is some illegal activity/ies..

http://www.customs.gov.au/site/page4351.asp#items

Currency - There is no limit to the amount of currency you can bring in or out of Australia. However, you must declare amounts of A$10,000 or more in Australian currency or foreign equivalent. You must disclose any promissory notes, travellers’ cheques, personal cheques, money orders, postal orders or other bearer negotiable instruments, regardless of value, if requested by a Customs and Border Protection officer or police officer.

ozzieness · March 2013

wow! this is very helpful @lock_code2004. thanks very many

so printed payslips & bank accounts may help as supporting docs, right?

lock_code2004 · March 2013

wow! this is very helpful @lock_code2004. thanks very many
so printed payslips & bank accounts may help as supporting docs, right?

i would say yes... if that is the source of your income..

ozzieness · March 2013

As an employee that's one way I can prove my income as far as I know.
Another thing is some BDO branch don't have AUD. Can anyone please recommend any BDO branch or any bank within Metro Manila where I can exchange my USD to AUD.

stolich18 · March 2013

@ozzieness normally you have to wait before the bank can provide you with some AUDs... That's what I know. It's considered third currency, unlike USD that's almost always readily available...

donking · March 2013

You need to call the bank and request to reserve AUD notes. One prerequisite is to have an account with them. Usually the money requested is ready from 2~3 days. Also, make sure to negotiate the best rate. :-)

polymath · March 2013

may i know also if anong bank/branch..

donking · March 2013

BPI Paranaque

ozzieness · March 2013

@donking salamat. layo pala sa amin hehe

eischied_21 · March 2013

You need to call the bank and request to reserve AUD notes. One prerequisite is to have an account with them. Usually the money requested is ready from 2~3 days. Also, make sure to negotiate the best rate. :-)

Negotiation to get the best rate is possible pala sa mga banks (of course given na malaki yun ipapalit mo dapat). Akala ko fixed palagi yun rate sa mga banks. Matry nga ito. Thanks.

TasBurrfoot · March 2013

You need to call the bank and request to reserve AUD notes. One prerequisite is to have an account with them. Usually the money requested is ready from 2~3 days. Also, make sure to negotiate the best rate. :-)
Negotiation to get the best rate is possible pala sa mga banks (of course given na malaki yun ipapalit mo dapat). Akala ko fixed palagi yun rate sa mga banks. Matry nga ito. Thanks.

yes it is possible - you will be lucky to get a 10 cents discount... of course if more than A$25K ang ipapadala this will add up na rin and will become a significant amount.

LokiJr · March 2013

Wait...you can haggle for the exchange rate?? Paano? Baka kailangan mo maging preferred client muna?

TasBurrfoot · March 2013

Wait...you can haggle for the exchange rate?? Paano? Baka kailangan mo maging preferred client muna?

it would help if you have one or two of the below conditions:

(1) preferred client status
(2) big amount to transact
(3) know someone from the fx desk

donking · March 2013

@LokiJr well yung joint account lang naman binigay ko sa kanila then i asked them to reserve me $$$ from Php. Nung nagpunta ako sa kanila tinanong ko kung yan na ba ang best rate sabi sakin inenegotiate pa ng mas mababa ayun a peso lower. Pinaaprubahan kasi sa manager yun. Kahit di masyado malaki notes na irereserve mo pwede sila magbigay best rates.

LakiMasel · March 2013

Has anyone tried transferring money from the States to Aus?

mixednuts · July 2015

how about transferring money from bdo/bpi to CBA/NAB/ANZ? anyone please, if this is possible and reliable?

JCsantos · July 2015

buti na lang wala kaming pera nung nag initial entry kami kaya inde na problem sa pagdadala nito sa au

TasBurrfoot · July 2015

i did it via iremit inc today - settlement tomorrow; 20USD fee...

mixednuts · July 2015

@TasBurrfoot how did you do it sir? more details please as I am about to do it also for our big move. Already opened account in CBA. what should be next when using iremit or any other way. I just want to eliminate transferring money by handling as much as possible. thanks

mixednuts · July 2015

@TasBurrfoot magkano palitan sa kanila boss? saka may limit per day ba.

TasBurrfoot · July 2015

@TasBurrfoot magkano palitan sa kanila boss? saka may limit per day ba.

Walang limit per day - I had the sales proceed from our condo transferred for value today.

I got a rate of 33.78!

TasBurrfoot · July 2015

@TasBurrfoot how did you do it sir? more details please as I am about to do it also for our big move. Already opened account in CBA. what should be next when using iremit or any other way. I just want to eliminate transferring money by handling as much as possible. thanks

Everything was done online:

1) I opened an account with them, fill out the customer identification form and provided 2 ids.

2) Tawag ka sa kanila to agree on a rate and amount of AUD you want to buy.

3) Deposit your settlement amount and forward the deposit slip (or email confirmation if done online) to iRemit.

4) Wait for your money to be credited...

mixednuts · July 2015

@TasBurrfoot wow! taas ng palitan ng iremit. nagtanong ako sa czarina kahapon 1.30. bdo is around 1.28 lang.

how did you do it online assuming yung pera mo galing dito sa pinas, gumamit ka ba ng third party na nagdeposit sa account mo or through bank going to iremit. sa bdo kasi di daw pwede gagamit ng 3rd party kung ang dahilan ay migration.

TasBurrfoot · July 2015

@TasBurrfoot wow! taas ng palitan ng iremit. nagtanong ako sa czarina kahapon 1.30. bdo is around 1.28 lang.

how did you do it online assuming yung pera mo galing dito sa pinas, gumamit ka ba ng third party na nagdeposit sa account mo or through bank going to iremit. sa bdo kasi di daw pwede gagamit ng 3rd party kung ang dahilan ay migration.

I enrolled the settlement of account ng iRemit sa BPI account ko; they have BDO din ata.

Money was deposited very quickly sa account namin ni misis; Tuesday na done ang deal - Wednesday I deposited and they did the telegraphic transfer. By Thursday morning, money was in my NAB account.

mixednuts · July 2015

@TasBurrfoot thanks boss. meron nga silang bdo. lumalabas na iremit ang may pinakamagandang rate. will do that too

FrenchMilk · January 2016

Question po, yun about sa pag declare ng 10k AUD, cash on hand lang po ba ito? Kailangan din po ba i-declare yung money na nasa bank account mo (i.e., AU bank account or PH bank account)?

Thanks.

TasBurrfoot · January 2016

Question po, yun about sa pag declare ng 10k AUD, cash on hand lang po ba ito? Kailangan din po ba i-declare yung money na nasa bank account mo (i.e., AU bank account or PH bank account)?

Thanks.

cash on hand...