KVB Kunlun Review
Learn everything you need to know about using KVB Kunlun
KVB Kunlun is an international financial services corporation with operations in Auckland, Sydney, Melbourne, Toronto, Hong Kong and Beijing.
The Currency Shop says:
- KVB offers fantastic exchange rates but they only have a couple of locations in Melbourne and Sydney and regularly run out of stock.
- Effective from August 1st 2017, KVB will be implementing a minimum transaction value of AU$2000 for buying and selling currency cash.
- They specialise in Chinese and Japanese money transfers and have excellent customer service.
- Use our currency exchange comparison table to compare foreign exchange rates, fees and services of other providers.
What we will cover
We’re most interested in how they work and when you should use them. In this article, we’ll explore:
- Pros and Cons
- How it works: Buying Travel Money
- Overseas Money Transfers through KVB
- What about Travel Cards?
- KVB FX deals in all major currencies
- Better rates than major banks
- Foreign Currency Account – Not every bank provides a foreign currency account for personal use. This enables you to put and maintain un-used major currencies in your account with no account maintenance fee. (Check with KVB Kunlun for certain conditions that may apply)
- Limited locations
- They run out of stock of physical currency
- Their website is not easy to navigate – making it difficult to find answers to basic money transfer questions
Fees, Charges and Commissions
KVB Kunlun charge $8 for small amounts under $1000
Be aware that Bank Wire and Telegraphic Transfer Charges may attract transfer fees from the intermediary bank involved. Please check with your bank before you transfer.
KVB FX deals in all major currencies including offshore CNY, regardless of the amount of foreign currency to be converted.
While KVB offer international money transfers in most currencies, they specialise in payments to and from China.
What about Travel Cards?
They don't offer them.