Useful item in today's 'Australian':
Wise chief exec Kaarmann points to the enormous hidden costs Aussie banks charge their customers for transfers overseas. They do this through the margins they charge on foreign exchange rates.
As an example he says Wise charges cAUD40 for a transfer of AUD10000, using the market rate, while the Big Four banks charge between AUD370 and 615.
Good to be getting the news out to any innocent Aussies still using the Aussie banks. (I hate to think how much money I wasted when I was bringing 100s of 1000s of AUD across in 2016-17 as we built our mansion here. Hadn't heard of Wise in those days.)