How much money to bring with us???

[riversandlakes]

Mate, you MUST DECLARE if it's above A$10,000. Failure to do so is a CRIME under some act.

[engrchrisdizon]

Originally Posted by riversandlakes

Mate, you MUST DECLARE if it's above A$10,000. Failure to do so is a CRIME under some act.

Thank you all for sharing your thoughts. Really appreciated it!!!

Happy new year to all!!!

[raspberrykitty]

Do you still have to declare it if its in your bank account ? I thought you only had to declare cash? Surely no one would take it in cash? x

[steve49]

Originally Posted by engrchrisdizon

Me and my wife together with our son are migrating to WA on February next year and we are worried on how much money we would bring with us. We wanted to make sure that we will not be short of money when looking for a house to rent, for food, and other expenses that is why we are planning to bring more than AUD10K but we are worried if we declare it , we might encounter delays or problems in the process.

Anybody experienced declaring more than the allotted limit? Are they strict when bringing in large amount of money? Are they going to hold us and ask us why we have that amount of money with us? What is the normal procedure they are doing when they encounter people entering Australia bringing in money more than the limit.

Another thing, is it easy to bring US dollars in Australia and have it exchanged later on to AUD when we arrive Australia or we have to bring AUD already?

I would really appreciate all your advise. Thank you in advance.

The 10k limit applies to cash...why do u want to bring it in cash...many other options...also most debit and credit cards are accepted here and is easy to withdraw money here from your account overseas if u have appropriate debit card

[bishoy]

Originally Posted by steve49

The 10k limit applies to cash...why do u want to bring it in cash...many other options...also most debit and credit cards are accepted here and is easy to withdraw money here from your account overseas if u have appropriate debit card

Check for fees and exchange rates for different methods though, to choose the cheapest way to use your oversees money.

I think using you home-currency credit card isn't the cheapest way (slightly higher exchange rate and fees on every transaction).