Smarter Ways to Exchange Currency in Camberwell

Looking for ways to save on your money exchange in Camberwell? Here, you will find useful tips on whether you should use a money changer or head to the bank. Camberwell gives you so many options there is no need to travel far to find the best exchange rate.

Currency Exchange in Camberwell

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

Camberwell has a number of money changers in the area:

Travel Money Oz : 560 Burke Rd, Camberwell VIC 3124
Travelex : (Inside Middle Camberwell Lpo) 772 Riversdale Road, Camberwell 3124

Bank

When it comes to purchasing uncommon or exotic currency, banks are a good choice. Primarily because their rates are better than money changers for currencies other than the USD, EUR, NZD and JPY. This is due to their larger supply for a variety of currencies.

Here are the big 4 banks in Camberwell:

ANZ: Camberwell Shopping – We’ve got it all!, 614 Burke Rd, Camberwell VIC 3124

CBA: 737 Burke Rd, Camberwell VIC 3124

Westpac: Camberwell Shopping – We’ve got it all!, 759 Burke Rd, Camberwell VIC 3124

NAB: 566 Burke Rd, Camberwell VIC 3124

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

Our Verdict: When buying less common currencies like Vietnamese Dong (VND) and Malaysian Ringgit (MYR), an Australian bank may turn out to be the cheapest option.

Travel Cards, Money Transfers and Other Situations

Can I send money overseas from anywhere in Camberwell?

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 are many different choices so we recommend doing your research online before deciding 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 Camberwell?

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.