In Reply to: Helping Bali friends to get a house .... posted by sting ray on Wednesday, 11. February 2009 at 14:00 Bali Time:
Come on people - you're sending AUD$10,000. So what if the Bank bad Banks both here and in Bali take some fees - even a few hundred dollars.
Yes you may get a better rate if you have cash. But you will have to tell your Big Bad Australian Bank why you want that much cash and that's reported to the respective agency for noting large cash movements (Cant remember their name)
Then you need to declare that at Customs when leaving Oz, and again when you arrive in Bali, mmm wounder, - will they ask for a ‘tax?'
How many people will you tell?
Then you have to worry about getting the money to the Airport - is it safe in my wallet - how concerned are you going to be when someone gives you a ‘I know' look
Then once you are in Bali you need to somehow get it to the best rate exchange on the day. Dam. The plane was late so it now needs to be the next day.......
Na, not worth it. Pay the fee and have the Bank T/T it over