Any tips for managing business's USD Funds and minimising banking fees?
So I regularly receive funds paid in USD to my business Paypal account, and also via direct deposit. Each time this happens, NAB obviously converts it at their rates. I usually leave as much USD in Paypal as possible as I can use that to make USD payments and save on the unnecessary currency conversion fees. However I would soon be more regularly going over to the US for work, and was wondering what is the best option for me to save money from frees.
I've read about Transferwise which sounds amazing and would immediately help me save from those bank fees, however I'm waiting for their Mastercard to be available to Australian users so I could have USD sitting in the bank account, and I just use their Mastercard when I wanna make payments in USD either when im there or online.
Is there any one in the same scenario and what is your payment flow?