Owen Rascovitch

So there are a few things here for the uninitiated.

So when you go overseas typically and you get money from an account, you'll be typically charged quite a sum to withdraw your money from an Australian bank account.

So it could be, you know, we're talking crazy amounts of money, 5% of what you withdraw.

So minimizing those fees is super important.

And that's where a bank like ING tends to have kind of a bit of advantage because they're already based in Europe.

So they have a pretty good offer there, I believe.

And we could be wrong.

We're not promoting anything.

It's just, you know, if you are overseas and you withdraw money, you might just be like, I don't care what the fee is because I don't pay.

It gets rebated to my account, right?

So that's one thing to consider.

Another thing is you can get travel cards.

You don't have to use your bank card.

You can use a travel card that effectively is like a loadable card.

Just think about it like a gift card that you load money on and then you can transfer the currencies while you're overseas.

Or if you go from Germany, you go to Russia or something like that, you need a different currency, you could probably transfer between them.

But the ways that they sting you, we've already talked about ATM fees.

The other one is on the transfer.

So, bless her socks, Sarah, my partner, was getting some money that we needed to go over to Vietnam.

And she messaged me.