Help with the international banking system

[Anonymous No.1885958]

Aussie here
I have ~ 8k in USD (cash) I want to deposit into my IB account. How do I make that happen without converting to AUD? I don't mind paying a small processing fee.

Heres what I'm looking at ATM:
>Open HSBC account https://www.hsbc.com.au/1/2/personal/savings/foreign-flexi
>wait for ages
>go to branch to deposit money
>Transfer money to broker

[Anonymous No.1885961]

Ever heard of MiloCoin?

[Anonymous No.1885970]

>>1885958

chuck a grand behind MILOcoin ausbro. it will turn into at least 50, maybe even 100 considering how low price is right now.

also just open up any basic transaction account, deposit over the counter, then transfer online to IB.

[Anonymous No.1885971]

>>1885961
I didn't realize IB supported position transfers of milocoins

[Anonymous No.1885976]

>>1885958

Who is your current IB account provider?

[Anonymous No.1885981]

>>1885971
It doesn't

[Anonymous No.1885984]

>>1885976

Oh nevermind, IB is Interactive Brokers

[Anonymous No.1885993]

>>1885970
> just open up any basic transaction account
aussie banks don't take foreign currency, we need to open a foreign currency account which is a hassle

>>1885976
>>1885984
any ideas?

do banks do foreign currency wire transfers without having an account open?

[Anonymous No.1885998]

>>1885993
Use MiloCoin?

[Anonymous No.1886006]

>>1885993

Western Union perhaps?

https://auspost.com.au/money-insurance/money-transfers/international-money-transfer-with-western-union#send-in-person

Why don't you want to convert from USD to AUD? The fees?

[Anonymous No.1886024]

>>1886006
>Western Union
>Visit a participating Post Office to send up to $7,500

>Why don't you want to convert from USD to AUD?
weak AUD, unfavorable exchange fees and I do some trades in USD

[Anonymous No.1886034]

>>1886024

Well I think your original plan is probably the way to go. There's not much market in sending USD from Oz to America.