Getting Money Into Australia As mentioned in the previous section, you may never need to have to send money to Australia if you use a bank or credit card from home because it lets you withdraw money in Australia from your home bank account or credit card. If, however, you need to receive money from home while in Australia, other popular methods include bank wiring (requiring you to open a bank account in Australia). Mailing a check from home is not a good idea since it will take up to 8 weeks to clear because it must be returned to your home bank to be cleared and then wired to the Australian bank via several clearing banks. And, you still need an Australian bank account to deposit it into. PayPal You can also send and receive money over the internet and by mobile phone with PayPal, an online payment service that enables anyone to send you money by email or text message, without revealing sensitive financial information.
Pay Pal enables money to be sent directly from a bank account or credit (or debit) card and notifies you of your payment by email (or text message). You can access your money by signing up for an account or logging in to your account (if you already have one).
The money is deposited in your PayPal account balance, and you can then withdraw it to a bank account, if you choose to attach one to your PayPal account.
Signing up for a PayPal account is free, and removes the hassle of going to a bank branch for a wire transfer. Visit www.paypal.com.au for further information.
With PayPal you can:
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