With regards to how people are paying off their statements with TW, have I got the process below right?
1. Create both USD and AUD balance TW accounts
2. Verify personal details to get account details
3. Transfer AUD into AUD account (fee-free if transferring from AUD bank account?)
4. Convert to USD
5. Link USD account details to Amex / or any other credit card accounts
Having a re-read of your post, I do this (however, your method probably works just as well):
Instead of your Point 3: Using the TW app, >USD balance>Add, then specify the USD amount, then it will show “You’ll pay” (in AUD). Click “Continue”. “How would you like to pay”. I use “Manual bank transfer”.
Follow the prompts to complete the process and TW will tell you the latest time that you are to pay by.
There’s no need to convert/transfer currencies between accounts within the TW app. You are buying USD for an AUD amount, and that is the amount to be transferred from your financial institution to TW.
When you go to make the AUD transfer from your own financial institution to TW (in AUD), make sure that you include your TW membership number as the reference/message (mine is in the format Pxx_xx_xx, one letter and 8 digits), so as TW can identify your transaction.
That’s pretty much it, from memory, so I hope that I haven’t left out too many steps.
Using Osko, your TW account should be credited within a minute or two, in USD.
Then, in your Amex app, pay into your card. The Amex account transaction may take some hours, or overnight to appear, although Amex may send a notification alert much sooner.