RBA Underlines High Cost of Cross-Border Transfers via Big Banks

The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.

To continue reading...


Get access

Get access immediately by purchasing a 12 month subscription, or register today to get access to a free 5-article trial:

Register Subscribe

To discuss subscription options with our team please email: [email protected]

To Top