April Summers

April Summers

April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.

Latest articles by April Summers

Council of Financial Regulators (CFR)

What Is the CFR? The CFR is the organisation that is responsible for coordinating the leading financial regulatory agencies in Australia. This promotes information sharing between various regulators to do their jobs more effectively.  The CFR does not have policy or regulatory decision-making powers, so it is a non-statutory group. The regulatory power lies with […]

April Summers | 0 minutes | Friday, 9th September

Reserve Bank of Australia (RBA)

What Is the RBA? The RBA is Australia’s central bank and the authority that issues banknotes. The role was assigned to this entity on the 14th of January 1960 due to the Reserve Bank Act 1959. The act removed the Commonwealth Bank from the role.  The headquarters of RBA is in the Reserve Bank of […]

April Summers | 0 minutes | Friday, 9th September

Australian Financial Complaints Authority (AFCA)

What Is the AFCA? The AFCA is an external dispute resolution scheme aimed at helping resolve disputes that were not successful via member financial services organisations. The organisation was formed on the 1st of November 2018, and its headquarters are in Melbourne, Victoria, Australia.  The Chief Ombudsman is David Locke, and the AFCA replaced three […]

April Summers | 0 minutes | Friday, 9th September

Australian Transaction Reports and Analysis Centre (AUSTRAC)

What Is AUSTRAC? AUSTRAC is an agency appointed by the Australian Government that deals with protecting various aspects of financial transactions within Australia. This includes tax evasion, money laundering, organised crime, terror financing and welfare fraud.  AUSTRAC was established in 1989 due to the Financial Transaction Reports Act 1988. The regulatory body has over 300 […]

April Summers | 0 minutes | Friday, 9th September

Australia Securities & Investments Commission (ASIC)

What Is ASIC?  ASIC was founded on the result of the Australian Securities and Investments Commission Act of 2001. It is an independent governing body responsible for overseeing Australia’s financial services and markets.   Businesses must be aware that ASIC is active in regulating all business areas, not just the financial markets. Therefore, they regulate all […]

April Summers | 0 minutes | Friday, 9th September

Australian Prudential Regulation Authority (APRA)

What Is APRA? APRA is the Australian financial services industry prudential regulator and the Australian Government’s statutory authority. This means they are responsible for creating a framework that focuses on the financial safety and stability of the broader financial system in Australia.  The APRA was established on July 1st, 1998, based on the recommendation of […]

April Summers | 0 minutes | Friday, 9th September

Safest Ways to Send Money

What to watch out for when sending money When making international money transfers, never trust your money with just any provider. Being diligent about your personal safety, the safety of your device, bank account, and funds will aid in finding the safest way to transfer money. It should be noted that there are several risks […]

April Summers | 0 minutes | Tuesday, 31st May

PayPal Alternatives for International Transfers

What is PayPal? PayPal has been at the forefront of digital payment solutions since its inception in the mid-2000s. Designed to simplify and streamline online payments, this global financial services company now operates in over 200 countries. The widespread integration of this payment system has made PayPal a familiar and reliable service used by more […]

April Summers | 0 minutes | Tuesday, 31st May

How to send money abroad for free

What is a free money transfer?  There are a lot of external factors that dictate whether a money transfer will be “free”, and one of these factors is the destination. Domestic transfers, for example, are typically free regardless of the financial provider because the money is being sent between two accounts in the same country […]

April Summers | 0 minutes | Tuesday, 31st May

How to Avoid Bank Charges for International Transfers

What are the different kinds of bank charges? High street banks and other traditional financial institutions are known for charging a great deal for international money transfer services. Whether you need to make a one-off payment or set up regular currency transfers, it is worth considering the two following bank charges first: Transfer fees Certain […]

April Summers | 0 minutes | Tuesday, 31st May