on 19-06-2018 09:27 AM
My partner and I are both in the United States for a month. It would be easiest for us to use one card for both of our spending and then transfer that person half of the balance periodically. What are the fees, roughly, that we will be subject to if transferring from one Australian account in the US to another Australian account also in the US?
Also, when paying transactions is it cheapest for us to select credit and then pay in local currency, pay in Aus currency, or tap using payWave?
Any help would be very much appreciated! Thank you in advance.
on 19-06-2018 11:34 AM
Hi @caitjenks, there are no extra fees to transfer to someone's Australian bank account by online banking, this includes if you are currently situated outside of Australia when you transfer the funds - so it would be the same as if you were both home in Australia and sending each other money.
In regards to the cheapest way to pay transactions, I have looked into this for you and can advise that the rate that will be applied to your transactions is that which is applicable for the day the transaction is processed - which may not be the day that the transaction was actually initiated or the day that it is finalised on your account. It really would depend on the interest rates applicable on the day, and this is not something we can advise of in advance. If you'd like some more information on this, you can find it in the Credit Cards Conditions of Use Booklet: http://www.bankwest.com.au/library/pdf/PDS_20051111-093533.pdf
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on 19-06-2018 12:24 PM