Sunday, March 7, 2010

Money transfers are easy!

One thing that is really easy to do in Australia is to move money between bank accounts.

If you need to move a $100 or $1,000 to family or a friend, you can do it quickly and without paying any fees. The money is there the next day. Depending on the type of account you have, you can transfer up to $20,000 in one day. Sweet!

Almost nobody takes cheques here, so having the ability to move money to someone else's bank account for free is a handy feature. A lot of European banks also have this capability.

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