Transfer money to Australia with FX Paymaster and save time and money.
Using the latest payment technology, we’re able to process international payments faster than ever before.
There are no complicated bank forms, payment delays or arguments about the rate.
Australia remains a top destination choice for South Africans
‘Brand Australia’ is recognised all over the world. The very mention of the word Australia evokes images of stunning scenery and a friendly bloke throwing ‘another shrimp on the barbie’!
Australia remains one of the top destinations for South African’s moving abroad and it’s easy to see why.
All year-round sunshine, friendly people, the English language (well sort of!) and wide-open spaces all combine to make Australia a very desirable place to live.
It’s understandable why so many people are looking to settle there.
The impact of Covid on Australias Migration Program
The COVID-19 pandemic has had a major impact on Australia’s migration program.
International borders remain closed. Travel restrictions both in Australia and around the world have brought migration applications and temporary visa approvals to a grinding holt.
According to statistics published by the Australian Department of Home Affairs. Between 2019–20, there were 153k people added to Australia’s population via migration, and almost 6.5 million temporary visas granted. This is significantly lower than the previous years 179k permanent placements and nearly 9 million temporary visas issued.
Interestingly enough, of the 153,000 permanent migration places issued, 95,843 were attributed to the Skills Stream program. This demonstrates Australia’s ongoing commitment to its migration skills program.
But according to “Grattan” an Australian Think Tank. There is a problem with Australia’s skilled migration program. They claim it has shifted from selecting younger skilled people towards older people with poor English language skills who bring less to the Australian community.
Grattan are going even further to argue that skilled migrants pay more in taxes than they receive in public benefits, so it makes more sense to take in high income earners with specialised skills.
How to transfer money to Australia
If you’ve been lucky enough to qualify for an Australian Visa, you may need to start thinking about getting your affairs in order.
It’s important to ensure you get a great exchange rate when sending money to Australia.
And it’s easier to save money on currency transfers than you think.
The decision of how and when to transfer your money is a vital one. After all, the exchange rate can have a big impact on the value of your currency transfer.
At FX Paymaster, we want to help you maximise the value of your funds by ensuring you get the best exchange rate possible on your transfer.
The better the rate you get, the more money you will have to start your new life Australia.
When it comes to exchange rates, money transfers and making your money go further… we are experts.
We will make sure your transfer is quick and easy and done at the best possible exchange rate.
Open a bank account in Australia before you go
Moving countries and moving banks is always a big step.
To make things easier, we’ve partnered with Commonwealth Bank – Australia largest bank.
Opening a bank account in Australia is fairly simple and can be done online before you travel to Australia.
Once the account is up and running, you can transfer funds into this account but you will not be able to make any withdrawals until you have arrived in Australia and confirmed your identity. (this can be done by visiting a branch and presenting valid form of ID).
Once you prove your identity and answer a few questions, the bank will officially open your account, hand you your debit card, and grant you online banking access.
