Any $0 Fee International TT Accounts Available?

tooblue on 04/07/2024 - 11:35

I had been using Citibank's Plus Account to do TT with zero fee. However this feature was abolished after Nab took over.

Are there any banks or products offer this feature? Or what is the cheapest way to send AUD overseas, say China?

Thanks

Financial

Comments

  • tooblue on 05/07/2024 - 14:07

    Thanks

  • grasstown on 05/07/2024 - 16:14

    The nab account is still free if it was created to replace the Citi account . See top of page 10

    https://www.nab.com.au/content/dam/nabrwd/documents/terms-an…

    • tooblue on 05/07/2024 - 16:20

      That is International Transaction Fee, not TT. It shows $30 fee on the transfer page.

      • grasstown on 05/07/2024 - 16:46

        Page 3 says
        • The account fees applicable to the NAB Classic Banking account will be the same as the fees that applied to the Citibank Plus Transaction Account and more information can be found at nab.com.au/cititransaction. There will be no duplication of fees.

        Is TT transfer?

        I looked at this a few months ago and my understanding was that it is transfers as well. Ok ignore it but I think the nab doc being modified defines transfers as a transaction. But I haven’t tried to do a tt

  • pndl on 16/10/2024 - 23:23

    If you need to do a transfer out from a bank account in your own name, HSBC is probably the best option, with no fee and reasonable rates.
    If you are happy to use an intermediary non-bank, there's a few options including OFX, Wise, Airwallex.

  • ozbargainerlife1 on 17/10/2024 - 21:45

    wise or send from wise to cba foreign currency acc

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