Is the Australian money exchange company legal?

Legal but illegal existence. On the streets of Chinatown and Chinese residential areas in Sydney, you can often see various private exchange outlets dedicated to exchanging RMB for foreign currency holders or RMB for foreign currency. This type of money exchange company exists legally in Australia, but in China, money exchange is the exclusive business of banks, and private individuals are not allowed to engage in this business, which still belongs to the illegal category and is called "underground money house". Although it is illegal, most international students or immigrants from China still use this method to transfer money when they need to exchange a large amount of money for convenience.

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Exchange refers to:

1, simply put, is desperately looking for someone to fill your quota ~ Although this "ant moving" practice is troublesome, it is safe and low-cost. There is basically no need to spend extra money except for the handling fees for purchasing foreign exchange and remittance. Therefore, if the demand for funds is not great, only hundreds of thousands or hundreds of thousands of people may adopt this method. The bank's "out-of-memory loans" and cross-border financial services are more professional. Bian Xiao will not describe them here. Interested friends can go to the bank for consultation. Generally speaking, borrowing outside the memory is not only convenient, but also helps customers to obtain spreads and RMB appreciation, so it is very popular.

2. The threshold of this method is relatively high. Many domestic banks require more than 6 million yuan, the threshold for ICBC and BOC is 8 million yuan, and that for China Merchants Bank is 6.5438+million yuan. Overseas mergers and acquisitions "mixed out" "If domestic entrepreneurs or company directors are interested in investing in immigrants, they can usually take advantage of the company's resources and directly invest in overseas company equity or mineral projects.

3. If domestic companies are willing to spend millions of dollars to invest in overseas mining or commercial companies, the local immigration bureau will think that the executives of domestic investors need to go abroad frequently to communicate the investment progress, and then provide business visas first. If the overseas investment project works well, the probability of directly changing to a permanent visa after 3 to 5 years is quite high. If you study in Australia, your family needs to remit you a sum of tuition and living expenses. For example, the Australian housing market is hot now, and your family wants to remit you a large sum of money to buy a house in Australia. You think the procedure of going to the bank is too complicated, so you can just issue various certificates. Sometimes you can't speak the language of the bank staff, so you want to transfer the money through some very fast and convenient foreign exchange companies.