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Purchasing a large overseas investment

Purchasing a large overseas investment

Purchasing a large overseas asset can be a great luxury or a wise investment. But purchasing an item of significant cost in a foreign country comes with its own set of complexities.

Whether you are thinking of owning a home abroad or looking to diversify your investment portfolio by buying foreign shares you will need to transfer a large sum of money to complete the purchase. Using a dedicated online money transfer company can help you save a significant amount on your currency transfer costs versus the bank. Flash Payments provides competitive exchange rates for 17 currencies and charges zero fees on all transactions.

Key factors impacting high-value foreign exchange transfers

FX Provider

Different international money transfer companies will have varying areas of expertise and will offer a range of exchange rates and fees. When it comes to transferring big amounts, small differences in exchange rates and fees could mean the difference of thousands of dollars. Speciality foreign exchange providers, like Flash Payments, generally offer much better rates, superior customer service and speedier transfer times versus the bank.

The Exchange Rate

The exchange rate has the single biggest effect on the value of your international money transfers. A difference of just a few percentage points can add significant costs on to your transaction. Always go with a foreign exchange provider who shows you the conversion rate upfront. Banks typically charge customers up to 5.0% on the value of the exchange rate. At Flash Payments, we charge an affordable 1.5% on top of the market exchange rate.


Fees come in all shapes and sizes with international money transfers. When transferring larger sums, beware of companies that levy percentage-based fees since these will only make the total cost of your transfer more expensive. Flash Payments has zero transaction fees, helping you save on high-value international money transfers.

Legal and Tax

Don't forget to factor in any tax or legal fees involved with your international purchase. Make sure you're up-to-speed on the tax laws in that country and how they will impact your purchase. Visit the ATO's website or consult an international tax accountant with any questions.

How Currency Fluctuations Impact Overseas Investments

One of the biggest factors affecting the viability of your investment will be the exchange rate. Stocks or property priced in foreign currency can suddenly become cheap due to fluctuations in the currency. As you do your research into where or what you'd like to invest in make sure to consider all the factors that could influence the exchange rate including the political environment, economic policies and interest rate trajectories. Currencies are constantly fluctuating and can sometimes change quite dramatically in a short amount of time. For example, on the day of Brexit the British Pound lost 10.0% of its value in a couple of hours.

It's always helpful to compare the current exchange rate versus its historical average. If you are looking for a better rate to transfer, consider signing up for Flash Payments's rate alert notifications. We'll shoot you an email when the exchange rate has reached your desired level.

How to pay for a large overseas purchase with Flash Payments

  1. Collect all the relevant banking information for your recipient, including the name on the account, bank account number as local banking codes.
  2. Check the market exchange rate and then compare fees, margins, delivery speeds and customer service across the various providers. Flash Payments can help you get bank-beating exchange rates and won't charge you transaction fees with your overseas transfer.
  3. Create a free account online with Flash Payments. Verification takes a couple of minutes and will require one or two personal identity documents - just so that we know that it's really you.
  4. Let us know how many Australian dollars you'd like to send and Flash Payments will show you a live exchange rate. If you're happy with the rate, accept the quote and enter your recipient's details.
  5. Confirm everything is OK and that's it! Leave the rest to us. Funds typically arrive within 1 business day, and Flash Payments lets you track your transfer every step of the way - just like a package.

Flash Partners Pty Ltd (ABN 30 607 885 941) is regulated by the Australian Securities and Investments Commission (ASIC) as the holder of an Australian Financial Services Licence No 480834. We’re a registered independent remittance dealer and digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC), IND100512731-001. The information provided by Flash Partners on this website contains general advice. This advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs. You should obtain and read our Product Disclosure Statement (PDS) before making any decision to acquire any financial product referred to. @Flash Payments 2023.