Check this out from Westpac. Apparently you can send money overseas and pay no fees. How is it okay for the banks to not charge customers for sending money offshore yet when small business try to carry out transactions on credit cards in Australia they have to pay fees? This is just another case whereby the our institutions are actively encouraging money to leave Australia. You would think Australian Banks should be charging fees on money sent offshore rather than taxing Australian businesses wouldn't you! I mean wouldn't they prefer to have a higher pool of domestic savings rather than rely on foreign debt? This is just another reason why we need a public bank, a policy People First supports. Sign up today at Peoplefirstparty.au