Danesh Exchange Review
Find out if you should use Danesh Exchange to exchange foreign currency in Australia.
What this Danesh Exchange Review Covers:
We’re most interested in how safe Danesh Exchange is, how they work and when you should use them. In this article, we’ll explore:
- Pros and Cons.
- Danesh Exchange exchange rates.
- Is Danesh Exchange a good option to exchange currency?
- Does Danesh Exchange charge fees and commissions?
Pros and cons of the Danesh Exchange
- Click and collect from Australia post offices
- Delivery Australia wide - also with Aus post
- No commissions
- Excellent exchange rates
- Only 2 store locations in Victoria
- It can take days to receive you currency
- Ordering online is available but isn't easy
The Currency Shop says:
While Danesh exchange isn't a big brand, they are much cheaper. Their exchange rates are some of the best online and they don't charge a commission.
If you don't need the currency for 3-4 days, ordering your currency online and picking it up an Australia Post is a convenient option to buy currency before heading overseas.
On the other hand, if you need to sell currency for Australian dollars, they are limited to 2 stores in Melbourne.
Learn more about the Danesh Exchange
What you should know about Danesh Exchange rates
The difference between online and in-store
The exchange rates that you see online are different to what you are offered in-store. As a general rule, the exchange rates online are going to be better than in person. This is because they don't have to pay for the costs of running a store.
In their stores thought you may be able to negotiate a better rate if you are converting a large amount of currency back into Australian dollars.
Frequently Asked Questions (FAQs)
Fees and charges
Danesh Exchange does not charge a commission if you exchange currency either online or in-store. Card payments can incur additional surcharges as follows:
How do I buy currency online?
To buy currency online, there are 2 steps:
- Ordering – entering the amount of currency you need, your pick up location and when you’d like to pick it up. You’ll also need to choose a payment method (either BPay, credit card or debit card).
- Your details – provide your contact and payment details.
How do I buy currency in store?
To buy currency in-store, there are 2 steps:
- Tell them what currency you need and how much. They will provide an exchange rate and the total cost.
- Pay in cash or by card.
For purchases over $1000, you may need to provide identification.
Can I transfer money overseas with Danesh?
Yes, you can.
You will be directed through either MoneyGram or Western Union.
Learn more about the Danesh Exchange
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