Who May Benefit By Using SendFX?
SendFX provides fee-free international money transfer services for individuals and businesses from most countries the world over, meaning there are no transaction fees! As an individual, you may use the services of this company to send money to more than 200 countries.
Businesses get to choose from spot contract transfers and forward contracts. If you sign up as a business, you get access to a dedicated account manager for free. You also benefit through bulk payment discounts and bespoke exchange rates.
Both, individuals and businesses, may use their SendFX accounts to hold funds and transact in multiple currencies.
At a Glance – SendFX Money Transfer Services
SendFX is an Australia-based overseas money transfer company that provides its services to residents from most countries in the world, which gives it a real global reach in the marketplace. Unlike many of its competitors Send offers free transfers on every transaction. Its soon-to-launch digital wallet will give you the ability to bank like a local in around 40 countries, with many supported currencies offered. Their forth-coming multi-currency card aims to further simplify how customers can access money in their accounts.
What is the minimum transfer time? If you’re in a hurry to send money overseas, you may opt for same-day transfers. For added security, the company relies on a ledger that is registered on blockchain. The company is in the process of launching its own rewards program, through which you would be able to collect points when you make transfers or use your multi-currency travel card to spend money.
For more details, continue reading this SendFX money transfer review.
- User Rating
- Transfer Type
- Regular Payments
- Mobile App
- Min Transfer Amount
Details About SendFX
You might not find many SendFX reviews that provide adequate information, given that this is a fairly new company. Fortunately, this one gives you all the details the company provides as of now. The first step is to determine if the company supports your desired currencies and countries.
SendFX Currency Exchange Fees
You do not have to worry about SendFX currency exchange fees, because the company provides fee-free transactions on any transfer amount for individuals.
The list of SendFX supported currencies provided below is subject to change, as the company keeps making revisions.
|Austrailian Dollar||Norwegian Krone|
|Bahrain Dinar||Omani Riyal|
|Bulgarian Lev||Polish Zloty|
|Canadian Dollar||Qatar Riyal|
|Chinese Yuan||Romanian Leu|
|Croatian KunaRussian Ruble|
|Danish Krone||Saudi Riyal|
|Hong Kong Dollar||South African Rand|
|Hungarian Forint||Swedish Krona|
|Indian Rupee||Swiss Franc|
|Japanese Yen||Thai Baht|
|Kenyan Shilling||Turkish Lira|
|Kuwaiti Dinar||Ugandan Shilling|
|Mexican Peso||UK Sterling|
|Israeli Shekel||United Arab Emirates Dirham|
|New Zealand Dollar||U.S. Dollar|
The company follows strict know your customer (KYC) and anti-money-laundering policies, and adheres to different sanctions as well as screening requirements. As a result, it does not allow transfers to and from:
|Central African Republic||Myanmar|
|Demographic Republic of Congo||Somalia|
The company aims to process transfers as quickly as possible, more often than not, the same day. Once it receives a payment, the funds typically get to the recipient’s account within 24 hours. However, bank holidays and banking processes in different countries may lead to delays in some instances.
Individuals may use the services of the company to make spot transfers and forward contracts. Their soon-to-launch digital wallet will let you hold money and transact in up to 30 currencies. Once the company launches its multi-currency card, you may use it to access to funds in your account from just about anywhere in the world. Individuals get to set up recurring transfers easily.
Business clients get to choose from spot transfers and forward contracts. They may accept payments seamlessly from over 200 countries. They get to pay their employees, suppliers, and contractors in local currencies with ease. They may hold funds in different currencies, and transferring money between currency accounts in simple.
- Payment methods. As of now, SendFX accepts payments only via bank account transfers.
- Sending limits. You need to transfer at least AU $500 or its equivalent in another currency.
- Regular transfers. SendFX lets you set up regular transfers, which you may use for different reasons such as transferring pension payments when retiring abroad, paying student fees, and sending money to your family in another country.
- Rewards program. As part of their forthcomingSendFX rewards program, you stand to earn points when you make transfers, spend money, and make referrals. You might also qualify for special bonuses and exclusive personalised offers.
SendFX Currency Exchange Rates
SendFX offers bank account-beating exchange rates consistently and provides a price beat guarantee. You get to find out the foreign exchange rate that will apply on your transfer before finalizing your deal, meaning you can compare the exchange rate and fees from other providers such as Western Union.
Coupons Offered by SendFX
There are no ongoing promotions offered by SendFX.
Signing Up With SendFX
Signing up with SendFX is simple and takes no more than a few minutes, which is ideal if you are sending money overseas and in a hurry. The company needs to verify your identity, which is why you need to provide details from your driver’s license or passport. You may also need to provide additional information to verify your account. Details you need to provide to register as a customer include:
- Your name and country of residence
- Your residential address
- Your email address and phone number
- The currencies you wish to trade
- The frequency at which you plan to carry out transfers
- The reason for the transfers
- Your date of birth
- Details from your driver’s license or passport
How Do You Set Up a Transfer With SendFX?
You may start carrying out overseas money transfers through SendFX as soon as the company verifies your account. All you need to do is follow a simple process.
- Choose sending and receiving currencies
- Enter the amount you wish to transfer
- Provide the recipient’s bank account details
- Pay for the transfer
Additional Information About SendFX
- SendFX is regulated by the Australian Securities and Investments Commission (ASIC)
- It is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC)
- It is a member of the Australian Financial Complaints Authority (AFCA)
Unlike many new entrants to the market SendFX provides online and over-the-phone support from account managers in Australia.
SendFX provides answers to most commonly asked questions through the FAQs section of its website. In case you cannot find the information you need, you may contact a SendFX representative online or over the phone. The corresponding table provides contact information for SendFX.
|+61 7 5619 5700 (Mon to Fri: 8:00 am to 6:00 pm AEST)||email@example.com||SendFX Pty Ltd 10 Rawlins Street Southport, QLD, 4215|
Now that you have reached the end of this SendFX review, you should have a fair indication of whether or not you might benefit by using this company’s services. If you are still in doubt, consider taking a look at what some of the other leading overseas money transfer companies have to offer.
SendFX Review Updates
Australia-based SendFX is a fairly new overseas money transfer company. It serves individuals and businesses alike with fee-free transfers. SendFX is also in the process of launching a multi-currency travel card that its customers may use to transact internationally. Is it the best money transfer service provider for you, does it offer competitive rates? Read this review to find out.
Founded in early 2019, SendFX Pty Ltd received its AFSL and AUSTRAC licenses soon after. In May the company launched its website, giving people from Australia and elsewhere the ability to transfer funds to and from over 200 countries across the world with fast, free currency transfers. The company was the brainchild of Ian Cragg and Paul Billing, who, together, have two decades of combined experience working together in the payments and remittance industries in both the United Kingdom and Australia.
While SendFX is a relatively new player on the block, it has managed to gather considerable attention. If SendFX reviews written by the company’s customers that are found online are anything to go by, it is safe to say that the company provides reliable and cost-effective overseas money transfer services. In addition, you may use your SendFX wallet to hold funds and transact in up to 30 currencies.
SendFX relies on a cutting-edge 100% proprietary platform to provide different international remittance services, and it is in the process of adding even more features in the near future. The company provides services for individuals and businesses alike.