iCompareFX

  • Global Money Transfers
    • Personal Money Transfer
    • Business Money Transfer
    • Why Specialists?
  • Online Sellers
  • Reviews
    • Azimo
    • CurrencyFair
    • Currencies Direct
    • Currency Solutions
    • FC Exchange
    • FrontierPay
    • OFX
    • PayPal
    • Skrill
    • TorFX
    • TransferWise
    • Travelex
    • WorldFirst
    • WorldRemit
    • XE
    • XOOM
  • Comparison
  • Blog
  • About
    • Disclaimer
    • Contact Us
Home » Money Transfer Guides for Countries the World Over » Wondering How to Send Money to Australia?

Wondering How to Send Money to Australia?

Send Money to Australia graphical illustration by iCompareFXSending money to Australia from just about any part of the world is rather easy, all thanks to the number of specialist money transfer companies that have mushroomed over the last couple of decades. Given the widespread usage of the internet, you can simply turn online if you want to transfer money from the U.S. to Australia, change Australian money to American money, or trade it for any other currency.

Transfer Money to Australia

UKUSAAustralia / NZCanadaEuropeHong Kong

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.6/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • Fee Free. Every Transfer.
    Signing up through iCompareFX removes all fees applicable to USA WorldFirst customers.
    Usually a fee of $10 is applicable for all transfers under $10,000.
  • Redeem Coupon
  • USD$10 / NO FEES
    USA Customers only. Fee applicable when sending under $10,000. Redeem coupon to remove all fees.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

OFX (UK)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers
  • NO FEES
  • Visit Website
  • NO FEES
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • £100
Visit Website

TorFX (UK / Europe)

TorFX International Wire Transfer Logo 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Rate Watch Limit Orders Forward Contracts
  • NO FEES
  • Redeem Coupon
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • The new TorFX IOS app is available from the Apple App Store.

    The website is also responsive so it auto-scales to your screen size.
  • £50 / €100
    £2000 and over for phone assistance.
    £50 - £10,000 via the TorFX online.
Visit Website

Currencies Direct

Currencies Direct Logo 100x150
  • 9.1/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts Limit orders Stop loss orders
  • NO FEES
    Currencies Direct regularly offer great rewards for new clients.

    Check back again soon for their latest offers…
  • Visit Website
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1 / $1 / €1
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 3 Transfers Fee Free!
    Your first Three Transfers Fee Free! Learn more
  • Redeem Coupon
  • €3
    Euro Equivalent. Learn more
  • 1 - 2 Days
    Priority 1-Day transfers are available at extra cost

    NEW Automatic QuickTrade feature could take as little as 1 hour!
  • Their website is also responsive so it auto-scales to your screen size.
  • €8
    Euro Equivalent. Learn more
Visit Website

WorldRemit

WorldRemit.com money transfer logo 100x150
  • 9.4/10
  • Online Only
    One off transfers Phone assistance available
  • First Transfer Fee Free.
    Your first overseas transfer Fee Free! Learn more
  • Redeem Coupon
  • $3 - 4
    For example. Sending €10,000
    from Australia would incur
    €50 fee + 4-5% exchange
    rate fee on top of market rates.
  • 1 - 3 Days
  • Regular payments to PayPal registered merchants is possible.
    Regular payments to family or friends PayPal accounts is not currently possible.
  • Their website is responsive so it auto-scales to your screen size.
  • €/£/$1
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

FrontierPay

FrontierPay Global Money Transfer Logo 100x150
  • 9.7/10
  • Online
    Phone
    One off transfers Regular transfers
  • NO FEES
    No fees are charged on any transaction
  • Visit Website
  • NO FEE
  • 1 - 3 Days
  • $1,000
Visit Website

FC Exchange

FC Exhange Money Transfer Provider logo
  • 9.7/10
  • Online
    phone
    One off transfers Regular transfers Forward Contracts
  • Visit Website
  • £0 / £10
    No fee for transfers over £10,000!
  • 1 - 3 Days
  • Feel free to call and discuss your needs with their very helpful brokers.
  • £1,000 - £3,000
    For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
Visit Website

HiFX UK

HiFX logo size 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts
  • NO FEES
    No more fees!!
  • Visit Website
  • NO FEE
  • 1 - 2 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £50
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.6/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • Fee Free. Every Transfer.
    Signing up through iCompareFX removes all fees applicable to USA WorldFirst customers.
    Usually a fee of $10 is applicable for all transfers under $10,000.
  • Redeem Coupon
  • USD$10 / NO FEES
    USA Customers only. Fee applicable when sending under $10,000. Redeem coupon to remove all fees.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

OFX (USA)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers Buy Now Transfer Later Set Target Rate FX Options
  • NO FEES
  • Visit Website
  • NO FEES
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • USD$250
Visit Website

Currencies Direct

Currencies Direct Logo 100x150
  • 9.1/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts Limit orders Stop loss orders
  • NO FEES
    Currencies Direct regularly offer great rewards for new clients.

    Check back again soon for their latest offers…
  • Visit Website
  • NO FEES
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1 / $1 / €1
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

HiFX USA

HiFX logo size 100x150
  • 9.3/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts
  • Fee Free Transfer over $9,000
    Fee free with transfers over $9000!
  • Redeem Coupon
  • $5
  • 1 - 2 Days
  • Their website is responsive so it auto-scales to your screen size.
  • $100
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.6/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • Fee Free. Every Transfer.
    Signing up through iCompareFX removes all fees applicable to USA WorldFirst customers.
    Usually a fee of $10 is applicable for all transfers under $10,000.
  • Redeem Coupon
  • USD$10 / NO FEES
    USA Customers only. Fee applicable when sending under $10,000. Redeem coupon to remove all fees.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

TorFX (Aus / NZ)

TorFX International Wire Transfer Logo 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Rate Watch Limit Orders Forward Contracts
  • NO FEES
  • Redeem Coupon
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • $100
    $2000 and over for phone assistance.
    $50 - $10,000 via the TorFX online.
Visit Website

OFX (Aus / NZ)

OFX Orange logo text small 100x150
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers
  • First 2 Transactions Free
  • Redeem Coupon
  • AUD$15
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • AUD$250
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 3 Transfers Fee Free!
    Your first Three Transfers Fee Free! Learn more
  • Redeem Coupon
  • €3
    Euro Equivalent. Learn more
  • 1 - 2 Days
    Priority 1-Day transfers are available at extra cost

    NEW Automatic QuickTrade feature could take as little as 1 hour!
  • Their website is also responsive so it auto-scales to your screen size.
  • €8
    Euro Equivalent. Learn more
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

WorldRemit

WorldRemit.com money transfer logo 100x150
  • 9.4/10
  • Online Only
    One off transfers Phone assistance available
  • First Transfer Fee Free.
    Your first overseas transfer Fee Free! Learn more
  • Redeem Coupon
  • $3 - 4
    For example. Sending €10,000
    from Australia would incur
    €50 fee + 4-5% exchange
    rate fee on top of market rates.
  • 1 - 3 Days
  • Regular payments to PayPal registered merchants is possible.
    Regular payments to family or friends PayPal accounts is not currently possible.
  • Their website is responsive so it auto-scales to your screen size.
  • €/£/$1
Visit Website

HiFX AUS/NZ

HiFX logo size 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts
  • First Transfer FEE FREE
    First Transfer FEE FREE!
  • Redeem Coupon
  • $15
  • 1 - 2 Days
  • Their website is responsive so it auto-scales to your screen size.
  • $50
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.6/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • Fee Free. Every Transfer.
    Signing up through iCompareFX removes all fees applicable to USA WorldFirst customers.
    Usually a fee of $10 is applicable for all transfers under $10,000.
  • Redeem Coupon
  • USD$10 / NO FEES
    USA Customers only. Fee applicable when sending under $10,000. Redeem coupon to remove all fees.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

OFX (Canada)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers
  • First 2 Transactions Free
  • Redeem Coupon
  • CAD$15
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • CAD$250
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 3 Transfers Fee Free!
    Your first Three Transfers Fee Free! Learn more
  • Redeem Coupon
  • €3
    Euro Equivalent. Learn more
  • 1 - 2 Days
    Priority 1-Day transfers are available at extra cost

    NEW Automatic QuickTrade feature could take as little as 1 hour!
  • Their website is also responsive so it auto-scales to your screen size.
  • €8
    Euro Equivalent. Learn more
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.6/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • Fee Free. Every Transfer.
    Signing up through iCompareFX removes all fees applicable to USA WorldFirst customers.
    Usually a fee of $10 is applicable for all transfers under $10,000.
  • Redeem Coupon
  • USD$10 / NO FEES
    USA Customers only. Fee applicable when sending under $10,000. Redeem coupon to remove all fees.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

Currencies Direct

Currencies Direct Logo 100x150
  • 9.1/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts Limit orders Stop loss orders
  • NO FEES
    Currencies Direct regularly offer great rewards for new clients.

    Check back again soon for their latest offers…
  • Visit Website
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1 / $1 / €1
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 3 Transfers Fee Free!
    Your first Three Transfers Fee Free! Learn more
  • Redeem Coupon
  • €3
    Euro Equivalent. Learn more
  • 1 - 2 Days
    Priority 1-Day transfers are available at extra cost

    NEW Automatic QuickTrade feature could take as little as 1 hour!
  • Their website is also responsive so it auto-scales to your screen size.
  • €8
    Euro Equivalent. Learn more
Visit Website

TorFX (UK / Europe)

TorFX International Wire Transfer Logo 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Rate Watch Limit Orders Forward Contracts
  • NO FEES
  • Redeem Coupon
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • The new TorFX IOS app is available from the Apple App Store.

    The website is also responsive so it auto-scales to your screen size.
  • £50 / €100
    £2000 and over for phone assistance.
    £50 - £10,000 via the TorFX online.
Visit Website

OFX (UK)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers
  • NO FEES
  • Visit Website
  • NO FEES
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • £100
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

FrontierPay

FrontierPay Global Money Transfer Logo 100x150
  • 9.7/10
  • Online
    Phone
    One off transfers Regular transfers
  • NO FEES
    No fees are charged on any transaction
  • Visit Website
  • NO FEE
  • 1 - 3 Days
  • $1,000
Visit Website

FC Exchange

FC Exhange Money Transfer Provider logo
  • 9.7/10
  • Online
    phone
    One off transfers Regular transfers Forward Contracts
  • Visit Website
  • £0 / £10
    No fee for transfers over £10,000!
  • 1 - 3 Days
  • Feel free to call and discuss your needs with their very helpful brokers.
  • £1,000 - £3,000
    For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
Visit Website

HiFX (UK / Europe)

HiFX logo size 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Forward Contracts
  • NO FEES
    No more fees!!
  • Visit Website
  • NO FEE
  • 1 - 2 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £50
Visit Website

WorldRemit

WorldRemit.com money transfer logo 100x150
  • 9.4/10
  • Online Only
    One off transfers Phone assistance available
  • First Transfer Fee Free.
    Your first overseas transfer Fee Free! Learn more
  • Redeem Coupon
  • $3 - 4
    For example. Sending €10,000
    from Australia would incur
    €50 fee + 4-5% exchange
    rate fee on top of market rates.
  • 1 - 3 Days
  • Regular payments to PayPal registered merchants is possible.
    Regular payments to family or friends PayPal accounts is not currently possible.
  • Their website is responsive so it auto-scales to your screen size.
  • €/£/$1
Visit Website

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.6/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • Fee Free. Every Transfer.
    Signing up through iCompareFX removes all fees applicable to USA WorldFirst customers.
    Usually a fee of $10 is applicable for all transfers under $10,000.
  • Redeem Coupon
  • USD$10 / NO FEES
    USA Customers only. Fee applicable when sending under $10,000. Redeem coupon to remove all fees.
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

OFX

OFX Orange logo text small 100x150
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers
  • First 2 Transactions Free
  • Redeem Coupon
  • AUD$15
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • AUD$250
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 3 Transfers Fee Free!
    Your first Three Transfers Fee Free! Learn more
  • Redeem Coupon
  • €3
    Euro Equivalent. Learn more
  • 1 - 2 Days
    Priority 1-Day transfers are available at extra cost

    NEW Automatic QuickTrade feature could take as little as 1 hour!
  • Their website is also responsive so it auto-scales to your screen size.
  • €8
    Euro Equivalent. Learn more
Visit Website

If you are wondering how to transfer money to Australia, understand that you need to pay attention to different aspects in order to pick the right service provider.

  • How do I compare companies?
  • How to send money to Australia?
  • Case study
  • Cash pickup locations
  • Tips for picking up cash
  • Information required for sending money
  • Regulations
  • Pros and cons of relocating to Australia
  • Next steps
  • International money transfer offers

Currency Corridors & Swift Codes

Currency Symbol and Swift Codes

The Australian dollar (AUD) is the official currency of the Commonwealth of Australia. It serves as legal tender in Australia’s external territories that include Norfolk Island, Cocos (Keeling) Islands, and Christmas Island, as well as of independent Pacific Island states of Vanuatu, Nauru, Kiribati, Tuvalu, and Tonga.

The Australian dollar is divided into 100 cents. It is often abbreviated as A$ or AU$ to distinguish it from other dollar-denominated currencies.

When making an international money transfer to Australia, you will need to provide a Swift code and a BSB number. The BSB number is used to identify individual branches of different financial institutions. The table below lists BSB numbers of popular banks in Australia.

BankBranchBSB Number
ANZPitt Street, Sydney012-002
Commonwealth Bank48 Martin Place, Sydney062-000
National Australia BankGeorge Street, Sydney082-001
WestpacGeorge Street, Sydney032-000

Popular Currency Corridors

A fair amount of forex money transfer to Australia takes place every year. In 2015, more than $2.25 billion flowed into the country in remittances from other nations. However, this is not a one way phenomenon. During the same period, more than $16.5 billion was sent from Australia to other countries.

The tables below give you an indication of the amount of money that flowed in and out of Australia as remittances in 2015.

Incoming

CountryCurrency PairAmount
The UKGBP-AUD$520,000,000
The U.S.USD-AUD$339,000,000
New ZealandNZD-AUD$290,000,000
CanadaCAD-AUD$115,000,000
ItalyEUR-AUD$99,000,000

Outgoing

CountryCurrency PairAmount
ChinaAUD-CNY$2,917,000,000
IndiaAUD-INR$1,796,000,000
The UKAUD-GBP$1,360,000,000
VietnamAUD-VND$1,124,000,000
The PhilippinesAUD-PHP$865,000,000
LebanonAUD-LBP$849,000,000

How Do I Compare Companies When Sending Money to Australia?

If you want to narrow down on the best way to send money to Australia, it is important that you compare your options well. Irrespective of whether you wish to transfer USD to AUD, EUR to AUD, GBP to AUD, or NZD to AUD, factors you need to consider remain the same.

  • Exchange rate and fees. The exchange rate you get and the fee you need to pay have an effect on the cost of your transfer. While steep fees may offset a seemingly great exchange rate, the reverse holds true as well. An easy way to determine the cheapest way to transfer money to Australia is to look at how much money the recipient will receive.
  • Processing time. If you wish to transfer money to Australia in a hurry, you may have to pay higher than usual fees. Factors such as the country of your residence and the service provider you select tend to affect turnaround times. A regular money transfer to an Australian bank account may take up to seven business days. Some companies offer expedited services with quicker turnaround times. You may also send money to a cash pickup location in Australia because these transfers tend to take place in real time.
  • Payment methods. All prominent overseas money transfer companies that let you send money to Australia accept payments via bank account transfers. While not all companies allow payments via debit and credit cards, finding ones that do is easy. Some companies let you pay via region-specific methods as well.
  • Customer service. Turning to online platforms such as Trustpilot and Feefo gives you easy means to determine how different overseas money transfer companies fare in this aspect. Some of the leading players in this field provide local phone support in different countries, as well as support via chat and email.

How to Send Money to Australia?

This is mainly a matter of personal preferences and convenience.

  • Online. By turning online, you may initiate your transfer from anywhere, at any time. While several banks let their customers transfer money to Australia using their online platforms, turning to specialist money transfer companies may lead to savings in time and money.
  • Over the phone. Some overseas money transfer companies give their customers access to currency brokers, through who you may place transfer instructions over the phone.
  • In-person. Your local bank might let you initiate an overseas money transfer in person. Alternatively, you may turn to a money transfer company that operates out of physical locations.

Case Study

Steve travelled to the UK on account of work and was to live there for five years. During this period, he needed to make payments toward his Australian car and home loans. Unaware of his alternatives, he used the services of his local UK bank for the first couple of months.

When a co-worker found out about Steve’s need to send money to Australia, he suggested looking at overseas money transfer companies. Upon running a comparison, this is what Steve found out.

BankMoney Transfer Service
Exchange rateGBP 1 = AUD 1.6824GBP 1 = AUD 1.7083
Transfer feeGBP 25GBP 0
Amount received for GBP 2,000AUD 3,322.74AUD 3,416.60
Transfer time2 to 5 days1 to 3 days
Transfer optionsBank accountBank account
Difference ofAUD 93.86

Saving around $90 to $100 every month was not the only reason Steve decided to go with the specialist money transfer company. It also let him lock-in exchange rates and set up scheduled transfers, which were functionalities that his bank did not offer.

Cash Pickup Locations in Australia

If the recipient needs money in a hurry, your best bet in sending money to Australia is to transfer is to a cash pickup location. Some money transfer companies with a physical presence in Australia include Western Union, Ria, and MoneyGram.

Ria in Australia
Sydney Ground Floor 810 George Street, SydneyMigration Australia & Settlement Services Pty Ltd Suite 4 235 South Head Road Edgecliff
Melbourne Mgm Australian Education Suite 201 343 Little Collins MelbourneReynaldo's Pty Ltd 50 Errol Street North Melbourne
WESTERN UNION IN AUSTRALIA
Sydney MLC Centre News Agency Shop 10 Level 6 19 29 Martin Place, SydneyAustralia Post 1 Martin Place, Sydney
Melbourne Travelex 261 Bourke Street, MelbourneAustralia Post 250 Elizabeth Street, Melbourne

Safety Tips for Picking up Cash in Australia

Remittances sent to Australia in 2015
Remittances sent from other countries to Australia in 2015

Australia has low levels of serious crimes, although you should exercise the same amount of caution as you would back home. When collecting money from a cash pickup location, remain attentive of your surroundings.

Be careful of your belongings when visiting popular destinations. Do not leave your bags unattended in pubs, clubs, cafes, and cars. There have been instances of theft from safety deposit boxes in cheaper hostels and hotels. Remain vigilant in busy tourist areas at night, especially if you are alone.

What Information Do I Need to Send Money to Australia?

The information you need when sending money to Australia depends on the method you choose.

  • Bank account transfer. You will need to provide the recipient’s name, a bank account number, the bank’s BSB number, and a Swift code.
  • Cash pickup. Providing the recipient’s name and a desired cash pickup location is all the information you need to provide. The recipient will need to carry a valid form of ID along with a reference number to collect the transferred money.

Regulations When Transferring Money To and From Australia

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is responsible for monitoring money moving in and out of the country. If you send or receive more than $10,000 or its equivalent in another currency, the bank or service provider you work with needs to disclose it to AUSTRAC. In such a scenario, you might need to verify your identity before moving forward with the transfer.

Due to sanctions imposed by the United Nations and Australia, you cannot transfer money to some countries such as Libya, Syria, Iran, and North Korea.

There are tax implications of moving money in or out of Australia. If you plan to make an investment in a foreign country, you will need to disclose it to the Australian Taxation Office (ATO). Receiving money from overseas, as income or inheritance, also needs to be disclosed to the ATO.

Pros and Cons of Relocating to Australia

Living in Australia as an expat, an overseas student, or a retiree comes with its share of pros and cons.

Pros

  • Good quality healthcare
  • Good education system
  • Freedom of speech and religion
  • High levels of security
  • Affordable accommodation
  • Good local transport

Cons

  • High cost of living
  • Expensive medical insurance
  • High tuition fees for international students
  • Education in private schools is expensive

Next Steps

No matter whether you want to send British, Canadian, or American money to Australia, know that you have several specialist companies from which to choose. Compare your options well and determine if you need to look beyond cost-effectiveness. Remember that some companies provide promotional offers that may lead to added savings.

International Money Transfer Offers

  • WORLDFIRST

  • 747 Feefo Reviews


  • WorldFirst top money transfer provider
    Personal remittance
    Business money transfer specialists
    Online seller support
    Global multi-currency accounts
    Account manager available
    No more fees!
  • Visit Website
  • OFFER: Zero WorldFirst Fees. Zip. None. Nada.
 
Redeem Offer
  • TRANSFERWISE

  • 40,811 Reviews



  • TransferWise leading fintech innovator
    Personal remittance
    Business fund transfers
    Global multi-currency accounts
    Send funds to email address
    Request fund transfers via email
    Seperate Personal and Business Accounts
    No hidden fees!
    Online Only
  • Visit Website
  • OFFER: First £3,000 equivalent - FEE FREE!
 
Redeem Offer
  • CURRENCYFAIR

  • 2,467 Reviews


  • CurrencyFair Peer-to-Peer Marketplace
    Personal remittance
    Business fund transfers
    Auto-recurring transactions
    Online Only
  • Visit Website
  • OFFER: 3 Free Transfers!
 
Redeem Offer
Go to top

iCompareFX.com Sidebar Graphic

Search Articles…

Top 5 Trending Articles
1. OFX Review

2. TorFX Review

3. TransferWise Vs CurrencyFair

4. WorldFirst Vs TransferWise

5. Western Union Competitors

Top Transfer Reviews
CurrencyFair
TransferWise
OFX (Formerly OzForex)
FrontierPay
HiFX
OzForex
USForex
UKForex
CanadianForex
NZForex
Currencies Direct
TorFX
World First
Azimo Money Transfer
FC Exchange
WorldRemit
XOOM
Currency Solutions
Moneycorp
RationalFX
Ria
FairFX
InstaReM
OrbitRemit
EasyFX

Country Guides

Australian Flag for Money Transfer Country Guide Australia
Indian Flag for Money Transfer Country Guide India
Nigerian Flag for Money Transfer Country Guide Nigeria
Filipino Flag for Money Transfer Country Guide Philippines
Switzerland Flag for Money Transfer Country Guide Switzerland
British Flag for Money Transfer Country Guide United Kingdom

More Guides…

Recent Posts…

  • Review and Compare International Money Transfer
  • Which Pangea Money Transfer Alternative is Best For You?
  • XE Competitors and Alternatives | Compared
  • Transfer Money Overseas – The Smart Way
  • iCompareFX | Best Expat Blog of 2017 Awards
  • Skrill Competitors and Alternatives | Compared
  • OzForex Competitors | Alternatives Compared
  • XOOM Competitors and Alternatives | Compared
  • Use International Currency Exchange Service…
  • Travelex Competitors and Alternatives | Compared
Top Transfer Coupons
CurrencyFair
TransferWise
OFX (Formerly OzForex)
FrontierPay
HiFX
OzForex
USForex
UKForex
CanadianForex
NZForex
World First

Best Expat Blog Awards 2017

iCompareFX.com Expat Blog Award 2017

Related Posts

  • Review and Compare International Money Transfer
  • Which Pangea Money Transfer Alternative is Best For You?
  • XE Competitors and Alternatives | Compared
  • Transfer Money Overseas – The Smart Way
  • iCompareFX | Best Expat Blog of 2017 Awards
  • Skrill Competitors and Alternatives | Compared
  • OzForex Competitors | Alternatives Compared
  • XOOM Competitors and Alternatives | Compared
  • Use International Currency Exchange Service…
  • Travelex Competitors and Alternatives | Compared

iCompareFX.com is Social!

iCompareFX.com Money Transfer Review Apps

Apple App Store Badge for iCompareFX iOS AppGoogle Play Badge for iCompareFX Android App

DMCA.com Protection Status

Recent Comments

  • iCompareFX on TransferWise Vs XE Trade – Which Company to Choose
  • Max Veracity on TransferWise Vs XE Trade – Which Company to Choose
  • iCompareFX on TransferWise Coupon – £3000 Free Payment!
  • iCompareFX on Looking for InstaReM Reviews? Do Not Miss This One!
  • iCompareFX on Looking for an Azimo Money Transfer Review That Comes With an Expert Opinion?

This is an information service. By browsing on the website and/or using our comparison tools and articles, you are asking CompareIQ to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with CompareIQ. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. CompareIQ may receive fees or other benefits in relation to activity on the iCompareFX.com website. CompareIQ may receive remuneration for vendor referral links.    TOS | Disclaimer | Privacy Statement | Facebook | Twitter @iCompareFX

Copyright © 2018 · eleven40 Pro Theme on Genesis Framework · WordPress · Log in

  • Global Money Transfers
  • Online Sellers
  • Reviews
  • Comparison
  • Blog
  • About

Compare up to 4 providers

Clear Selection

Compare Providers

Comparing Providers