A Guide to Currency Exchange in Bankstown

Bankstown is where you'll find all the best places to exchange money. You can choose between the banks or a range of money exchangers like Travelex, Travel Money Oz, and Western Union. Bankstown gives you so many options. Often, you won't need to travel into the CBD to find a great exchange rate.

Currency Exchange in Bankstown

Online

This is usually the cheapest way to buy currency, but you need some time. You can choose where to pick the order up from or get it home delivered.

Home or Office Delivery

  • You can pay by Bpay or bank transfer.
  • It takes up to 7 days depending on your location.
  • Choose your cash denominations like small, medium, large or mixed
  • Foreign Xchange usually has better exchange rates than Travelex.

Click and Collect

  • Don't pay by card. There is card processing fee. You can avoid it by using Bpay instead.
  • It takes 2-7 days depending on how you pay and where you pick it up from.
  • Travelex have the most pick-up locations including Australia Post and every major airport.

Money Changers

This is the best way to get currency quickly. You will find them in major shopping centres and towns.

Money Tips

  • The exchange rates are better in your CBD. So it can be worth going there if you're exchanging more than $2,000
  • Always ask for a better rate. We've found you can often get a better deal just by asking, particularly if you're buying more than $100

Bankstown Central has the following money changers:

Travel Money Oz : Bankstown Central, Shop SP156 Corner North Terrace &, Lady Cutler Ave, Bankstown NSW 2200
Travelex : No physical shop but you can pick up currency ordered online from Helloword in Central Bankstown
UAE Exchange : Shop ML 340
American Express Currency Exchange : Shop 12, Level 3 (inside Australia Post)

Outside the shopping centre, there are also:

Hai Na : 62 Bankstown City Plaza
Western Union : 17 Restwell St

Bank

If you need foreign exchange for less common currencies like Chinese Yuan (CNY) or South African Rand (ZAR), these stores can sometimes hold a limited stock and their exchange rates are less competitive. Contrary to popular belief, using an Australian bank to buy your overseas holiday cash isn't always the most expensive option. In fact, it can sometimes be the cheapest way to buy it.

Big 4 banks in Bankstown:

ANZ: Bankstown Central, Shop P1 Bankstown Shopping Centre, North Tce, Bankstown NSW 2200

CBA: 16/18 Bankstown City Plaza, Bankstown NSW 2200

Westpac: 38/40 Bankstown City Plaza, Bankstown NSW 2200

NAB: 402-410 Chapel Rd, Bankstown

To work out if a bank is the cheapest way to buy your currency, make sure you compare exchange rates.

Our Verdict: Exchange rates from banks for common currencies, such as the US dollar and Euro dollars aren't particularly competitive when compared to other currency exchanges. However, they can be the best option for other currencies such as the Chinese Yuan (also known as the renminbi) or the South African Rand.

Travel Cards, Money Transfers and Other Situations

Can I send money overseas from anywhere in Bankstown?

While you have the option to send money overseas at a bank or money changer, it usually isn't the best way to transfer money.

There is no one perfect way to send money overseas. There are a lot of different choices so we suggest doing your research online before deciding on what is right for you.

Related: 37 Practical Guides to Transferring Money Overseas Without Getting Ripped Off

Related: Transferring Money Back to Australia from Overseas

Can I buy a Travel Money Card in Bankstown?

You can buy a travel money card over the counter at most banks or money changers. While buying the travel money card on the spot is seemingly convenient, your name would not be on it. Another way is to order and load your card online and arrange a time and place to pick it up.

Related: Compare Travel Cards

Related: How to Choose the Best Travel Card for Your Next Trip

Your currency knowledge centre

4 Expert Australian Dollar Forecasts for 2019 Compared

Forecasts for the Australian Dollar from bank experts are revised throughout the year. This article looks at the different outlooks and is updated regularly.

How to Buy Currency: Online Versus In-Store

Buying travel money online is one way to reduce stress and potentially save time – but are there any disadvantages you need to be aware of?

The Ultimate Guide to Currency Exchange in Australia

There is no single way to exchange currency that is always the cheapest. It really depends on what currency you are buying, how much and where you are.