Moving to Australia? Bank accounts 101
- Posted by Blair Pedersen on January 24, 2019 in Banking Immigration Travel
By Tom Watson, Money Writer at Mozo
Moving countries, whether to study or for new work opportunities, can be both an exciting and daunting experience – especially when you’ve got to juggle travel arrangements, move your belongings and find a new place to live.
With so much to think about it can be easy to forget one of the first, and most important financial services you’ll want to set up as soon as you arrive in Australia: an Australian bank account.
Commonly Used Money Transfer Terms
- Posted by Joe Campbell on December 2, 2018 in Banking Global Money Transfer
International money transfer, the process of transferring money overseas – has a language of its own. This article will help you decode the financial garble in order to make your global remittance easier
There are plenty of things to think about if you’re transferring money overseas. The most useful thing you can do is become familiar with the jargon you’re likely to hear, so here are the key international money transfer phrases and acronyms, decoded.
Australia Set to Launch New Payments Platform (NPP)
- Posted by Sean on October 20, 2017 in Banking Global Money Transfer Technology
You might not have heard of Australia’s New Payments Platform (NPP), but it has been a big deal on our end. We’re going to take you through this new technology – and show you how it benefits you.
Recent Greenback Weakness is the Eye of The Storm
- Posted by Sean on September 28, 2017 in Banking Global Economies
If you’ve found yourself accidentally turning to the business section of the newspaper in the last few years, you may have noticed plenty of economists, market analysts, and other people who sound like they’d be no fun at a backyard barbecue talking about something called Quantitative Easing. That’s usually a good time to turn over to the funnies, but today let’s cover off what Quantitative Easing (QE) is about, starting with a brief history lesson.
OrbitRemit Adds Singapore as a Remittance Destination
- Posted by Sean on June 20, 2017 in Announcements Banking
If you’re looking to send funds to Singapore, look no further – we’re adding Singapore to our list of remittance destinations!
OrbitRemit Adds Thailand as a Remittance Destination
- Posted by Sean on May 22, 2017 in Announcements Banking
It’s no secret that we’re always looking venture into uncharted (at least by us) lands in search of ways to provide a more valuable service for our people.
Trump, China and Brexit – What the Three Biggest Buzzword Global Events of 2016 Have Taught Us
- Posted by Laurie I on January 16, 2017 in Banking Global Economies
Given that it’s the New Year, the OrbitRemit blog is reflecting on the year just gone. More than any other year in the last decade, 2016 had huge ups and downs – including a number of seemingly game changing events. Join us as we reflect on the biggest stories of 2016 in chronological order, and our analysis as to how these may change things going forward.
European Transfer Time – The Buyer’s Guide
- Posted by Laurie I on August 9, 2016 in Banking Global Money Transfer
If you’ve ever transferred money to, from or within Europe, you’ve probably noticed that the money doesn’t go through right away. This is pretty normal and happens with almost every transaction (with the exception of internal bank transfers). We’re going to take you through our ultimate guide to help you minimize the length of this bank transfer downtime. That way, your cross-border transactions will be as quick and easy as possible. Plus, this will help you plan big payments, to make sure they get to their destination on time.
Bitcoin – Digital Currency: Fad or Future?
- Posted by Laurie I on June 24, 2016 in Banking Technology
If the term “digital currency” makes you feel uneasy, you’re not alone. We’ve all heard of our fair share of people falling victim to online scams and “get rich quick” schemes. But are digital currencies like Bitcoin really that scary? Or are they going to become a part of everyday life? We’re going to take you through the ins and outs of digital currencies.
AUD to USD Forecast for 2016
- Posted by Sean on January 15, 2016 in Banking Global Economies
Despite being only a number of weeks into 2016, global financial markets have opened to a pretty rocky start. Slumping commodity demand from China, one of the world’s largest consumers, has led to an oversupply (and price crash) of oil, iron ore, and copper. This caused substantial falls in both the US and Australian stock markets and set the currency markets into a frenzy. But what happens next? We’re going to take you through our predictions for the AUD/USD over the next year or so.