Countries

Australia

25 questions
Can I send funds from Pakistan to Australia using TransferWise/Wise? May 11, 2020 Sending and Receiving Money Abroad Are TransferWise borderless account balances visible to tax authorities? Apr 11, 2020 Tax and Financial Reporting Can I transfer $20,000 from the US to Australia without triggering compliance flags? Feb 1, 2020 International Wire Transfers and Large Transfers Which bank does Western Union use to hold agent accounts, does it require agents to use that same bank, and how does that bank profit from the relationship? May 1, 2017 Money Transfer Business and MTOs Why are banks like Westpac exiting FX and money-services businesses, and how likely is it that others will follow? Apr 1, 2017 Sponsor Banks, FBO Accounts and Banking Access for Fintechs and MSBs Will RTGS and ACH payment systems become obsolete once faster payment systems like Australia’s NPP are fully implemented? Feb 5, 2017 Domestic Payment Rails, National Switches and Clearing Systems Why is the payments ecosystem so complicated? Oct 10, 2015 Starting and Running a Fintech or Payments Business What is a good bank to open an account with in Australia? Oct 10, 2015 Opening Bank Accounts, Personal and Business What is David Marcus’s plan for payments across Facebook and Messenger? Oct 9, 2015 Digital Wallets, Mobile Money and P2P Payments Do P2P remittance firms like TransferWise require large amounts of capital to sustain their very low pricing? Aug 6, 2015 Payment Corridors and Remittance Economics How difficult is it to legally transfer $800,000 (or any large amount over $100,000) from Pakistan to another country such as Australia, and what is the process? Mar 7, 2015 Sending and Receiving Money Abroad How does a remittance agent make money when send and receive amounts differ? For example, sending AUD 1,000 to the US from Australia, and when $100,000 USD is sent from US to Australia? Mar 1, 2015 Money Transfer Business and MTOs Why don’t developed countries like the U.S., U.K., and Australia have instant interbank transfers? Feb 1, 2015 Domestic Payment Rails, National Switches and Clearing Systems How do P2P transfer apps like Square, Venmo, and PayPal work—do they use their own merchant accounts, and can they initiate ACH transfers between accounts on users’ behalf? Dec 8, 2014 Digital Wallets, Mobile Money and P2P Payments Is it technically feasible for the RBA to issue AUD using Ripple or Stellar-style technology? Dec 5, 2014 Stablecoins and CBDCs Is it technically feasible for the Reserve Bank of Australia to issue AUD today using a blockchain-based system? Dec 4, 2014 Stablecoins and CBDCs Can a sender choose their own correspondent bank when initiating a SWIFT transfer? Nov 6, 2013 Correspondent Banking, Nostro and Vostro, and Settlement As an Australian living in Australia, how can I open a U.S. bank account without traveling there, or open any other international account? Oct 11, 2013 Opening Bank Accounts, Personal and Business How do I send money from my U.S. bank account to another person’s bank account overseas? Jul 5, 2013 International Wire Transfers and Large Transfers How can I transfer money from my US bank account to someone else’s bank account in another country? Jul 5, 2013 International Wire Transfers and Large Transfers What is Paymate and how does its money transfer service work? Feb 2, 2013 Licensing in Other Countries As an Australian resident with a Delaware LLC, which US bank should I use and how do I open an account? Mar 7, 2012 Opening Bank Accounts, Personal and Business As an Australian with a Delaware LLC, what’s the best U.S. bank for a business account and how do I open one? Mar 7, 2012 Opening Bank Accounts, Personal and Business How can I transfer $1,500 from the US to Australia with minimal fees? Jan 8, 2012 Sending and Receiving Money Abroad How can I send $1,500 from the U.S. to Australia while minimizing fees? Jan 8, 2012 Sending and Receiving Money Abroad