Preston's Best Currency Exchangers

Where can you go to get the best exchange rate to buy travel money in Northlands Preston? Money changers like Travelex and Travel Money Oz are located within the shopping centre itself. Then there are also the big four banks where you can get your money exchanged. With all these options, which one will give you the best bang for your buck?

Currency Exchange in Northlands Shopping Centre

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.

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

Preston has a range of different money changers:

Travel Money Oz : Northland Shopping Centre, Shop J002, 2-50 Murray Road, Preston VIC 3072
Travelex : Northland, Northlands Shopping Centre, W025/50 Murray Rd, Preston, Melbourne VIC 3072
Global Forex Pty Ltd : 501 High St, Preston VIC 3072

Bank

How do you get a good rate for currencies other than USD, EUR, NZD or JPY? Through the bank, of course. As banks tend to hold larger amounts and stock for various currencies, there's a good chance the exchange rate will be lower than what you'll find at money changers.

Big 4 banks in Northland:

ANZ: 2-50 Murray Rd, Preston VIC 3072

CBA: Northland, 2-50 Murray Rd, Preston VIC 3072

NAB: Northland, 2-50 Murray Rd, Preston VIC 3072

Westpac: Northland, w18/2-50 Murray Rd, Preston East VIC 3072

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 Vanuatu Vatu (VUV), 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 Preston?

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 Preston?

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.