Hi, I know the rule that if I bring more than $10,000 cash in or out of Australia then I need to declare it. What if I travel with my wife? Let's say we are going to bring $15,000 out, $7,500 each. Do I and my wife need to declare it? THanks
Bring Cash out of Australia
dropbolt on 25/08/2017 - 13:23
Comments
No, we will be carrying $7,500 each
It depends on the country you are travelling to, not the country you're leaving.
Op is asking about carrying money when departing Australia.
@whooah1979:
Like I said… It does not matter how much you take out of Australia, there are no deceleration forms anymore when leaving Australia.The problem is when you enter the country at your destination.
http://www.austrac.gov.au/travellers/declare-your-cash-you-t…
Amounts of $10,000 or more Australian dollars, or foreign currency equivalent must be declared.
Click on the form below to declare your cash.
we normally carry $1000s of us and au dollars when we travel. atm aren't always available at the places that we visit. so we bring enough to last three or four weeks. there is also the conversion fee and spread that could mean we lose 3% to 5% per transaction.
Where are you going that needs that much money for a month long trip and doesn't have ATMs?
Declare at both arriving and departing countries if carrying more the specified amount. In/out of Aust it is EQUIVALENT $A10,000. A lot of countries it is $US10,000.
In or out of Aust. if in doubt, then declare it. All that they will do is take down your details.
With a few other countries corruption might be a problem. EG I would be worried about carrying in/out of the Philippines.
You'll be fine. Safe travels.
Thanks mate
Then it's not more than 10000 so dont declare.
You and your wife can carry up to $9999 (each) without declaring
Technically $9,999.99
Technically $9,999.99
That would be impossible. the 1c and 2c has been taken out of circulation since 1991.
They still exist and are still legal tender. Impossible, no. Improbable, yes. :)
@John Kimble:
Legal tender sure, but no one uses them anymore. It would also be silly to carry two 2c and one 1c (or any other combinations) out of Australia to prove that one can carry $9999.99.
That is fine - you can carry $10k each. Why would you want to carry so much cash anyway?
I need to bring cash because if I transfer it from my bank I will lose up to $500 from the exchange rate
did you look at options like currencyfair and the likes?
They don't have the currency for my destination country
That's 3% for exchange . You also got to remember foreign currency that you can bring into destination country.
what are you using the funds for at your destination? you'll still have to convert to local currency somewhere?
Have you thought of Citibank Plus account, which gives you fee-free ATM withdrawals at a very good exchange rate for local currency?
Yes I'll need to convert it to the local currency, which I can a whole lot more (almost $500) if I convert it there
Try currency online or similar. Personally I'd be happy to loose that for the trade off that the money won't be stolen or I won't loose it.
if you meet a bikie in the transit lounge, you will lose 100% of it.
Are you sure?
I've done checked every time I've travelled, not once I've found a travel exchange place (in the 20+ countries I've been to) that gives you a better rate than using the CitiBank Plus card at an ATM overseas.
Cash is always good to have. $20k - $1 in $100 notes isn't difficult for two people to carry.
similarly, $20k in $100 notes isn't that difficult for someone to steal either. Especially in the whole fun and games that is international travel eg. it'll leave your person when you put it through security, you may leave it in your carryon luggage which you might not have eyes for 100% of the flight, sleeping through the flight, after a long and tired flight, wandering around destination airport, picking up bags, arranging transport, etc…
Losing one's money while traveling can happen. However, it's less likely to happen at an international airport like Sydney than let's say a busy market in bkk.
You can declare as much as you want over $10,000.
Why would you not want to declare it?
convenience? risk of his money being detained?
Why would his money be detained?
many people like to carry cash when they travel. Not having to declare <$10k is one less hassle.
Just to avoid the hassle.. and also when arriving in the destination country
No pablito, only more than $9999 each
Seriously, just declare it, fill out the 2 minute form and never think about it again.
You do have to still fill a form out, just because you don't have the Outgoing Passenger Card, there's signs everywhere.
I have brought cash overseas before.
You know that customs declaration card isnt even looked at anymore. Its like thrown in a clear container.
Dont be a (profanity) bitch.
Now bringing over 4k into most countries; they will want to know (and maybe want a piece)
The declaration on entering Aust. IS looked at. There is no longer the requirement to do one when leaving the country. However you still need to verbally declare if you are carrying cash over $A10,000. As much as possible, people here should be giving sound advice, and not suggesting going outside of the law.
Had a friend take out $15000 for him and his wife.
Got pulled over here in Sydney as he was leaving.
They asked him questions never asked before and contacted his accountant and tax office to see if he was really earning that sort of dough as he claimed.
Turned out he was the real McCoy but almost missed his flightWow that's serious! This never happened to me before.
Did this before. We had no problem. The 10k limit is per person. But as long as you can prove to them that it's legit, you have nothing to worry about.
bitcoin
The sniffer dogs are out and about every day at Sydney Airport, in the arrivals hall, behind the scenes and at the departure gates. They are trained to detect cash. Whilst the dogs can't really tell if the amount is $5000 or $15000, the odour of 'bulk' currency will get you questioned so you are better off declaring any large amount you have and be prepared to show evidence of its legitimacy.
i carried amounts of 7500 back from vanuatu regularly for years to get money out of that country, never a problem
An adult individual is not required to declare amounts below the threshold of 10k AUD
Just carry gold bars
you wanna get flagged, because thats how you flagged lol
will either you or wife be carrying more than $10k?