Compare International Business Transfers

best-business-accountMaximise your cash flow and take advantage of great rates with a competitive international business transfer.

Thanks to the Internet and other advances in modern technology, the global business world is more connected than ever before. Businesses need to send money overseas for all manner of reasons, from paying international suppliers to buying stock or consolidating their financial strength in overseas markets.

Luckily, there are more international money transfer options for businesses to choose from than ever before. This ensures that those who shop around for the best possible deal can find a fast and affordable method of moving funds across international borders.

Business Transfers

Rates last updated June 23rd, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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Transfer Speed Services Min. Transfer Amount Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
1 day
AUD 200 Rates are always
changing, click to check
your price today
Go to site More
Exclusive: World First International Money Transfers
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
1 day
AUD 2,000 Rates are always
changing, click to check
your price today
Go to site More
Currency Online International Money Transfers
Enjoy regular scheduled transfers... Enjoy regular scheduled transfers, one off transfers and a range of currencies. Also enjoy your first transfer for free.
2 days
AUD 0 Rates are always
changing, click to check
your price today
Go to site More
Compass Global Markets International Money Transfers
Send money in as little ... Send money in as little as 24-48 hours to a range of countries with Compass Global Markets.
2 days
AUD 1,000 Rates are always
changing, click to check
your price today
Go to site More
Currency Solutions International Money Transfers
Send money overseas for a ... Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score.
2 days
AUD 3,000 Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange for Online Sellers
Open bank accounts in the ... Open bank accounts in the UK, US, Canada and Eurozone and sell on more marketplaces while reducing the cost of repatriating earnings. Buy goods from China and sell them in the USA.
2 days
AUD 250 Rates are always
changing, click to check
your price today
Go to site More
FC Exchange International Money Transfers
No transfer fee via online... No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.
1 day
GBP 3,000 Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

The table above can sort through different money transfer services until you find one you’re interested in. Sort through products using the headings and you can find one with the right fees, transfer times and minimum transfer amounts for you. If you want to read more about a product, click ‘More’, or click ‘Go to Site’ to register for a service.

Why should I compare when sending money overseas?

When you’re a small business owner, time is a precious quantity, which often means that many business owners simply opt to perform money transfers through their regular bank. Unfortunately this is one the least efficient ways to send money overseas. Banks often offer poor exchange rates, a lack of useful features, and have high fees. They might also not offer the currency or destinations you need.

One of the first things you’ll notice when comparing money transfer services to banks is that money transfer providers typically offer better exchange rates to their customers than banks do. Even a difference of a couple of cents in your favour can add up to a big saving when you transfer several thousands of dollars.

Money transfer companies also offer lower fees than banks, offering another way to keep more money in your pocket. Fees can add up quickly, especially when you’re setting up regular scheduled business transfers, so it pays to compare the hidden charges included with competing providers. In addition, many money transfer companies offer to waive their transfer fee when you send more than a certain amount of money, so keep an eye out for this feature as well.

Money transfer companies can also typically transfer your funds quicker than banks can, which is an important feature in the business world. Some companies offer transfers within 24 hours or even minutes, while banks can take up to five days to send your money.

Case Study 1: Money transfer provider vs bank

Kevin is a small business owner who wants to send a one-off payment of AUD $15,000 overseas to an important supplier in the United States. Although tempted to simply use his regular bank to perform the transaction, he decides to compare how much it will cost through his bank with the expense involved in transferring funds via a money transfer provider.

BankMoney transfer service
Exchange rate0.830.87
Amount transferredUSD $12,429.25USD $13,050

His bank offers an exchange rate of USD $0.83 and charges a transfer fee of $25. This means that when Kevin transfers his payment of AUD $15,000, only USD $12,429.25 will arrive.

A dedicated money transfer provider, however, waives its transaction fee (usually AUD $15) for transactions in excess of $10,000, plus it gives him an exchange rate of USD $0.87. This means that USD $13,050 is transferred to Kevin’s supplier, some USD $620 more than had he used his bank.

Case Study 2: Limit Orders

Another way you can save money on international business transfers is with limit orders. A limit order allows you to specify a target exchange rate for your international money transfer, and your money transfer provider will then monitor the market and perform your transfer when such a rate arises. This allows small business owners to take advantage of fluctuating exchange rates when sending money overseas.

For example, when Kevin looks to send AUD $15,000 to the United States and is offered an exchange rate of USD $0.87, he believes he will be able to find a better deal. He lodges a limit order with his money transfer company not to transfer the funds until an exchange rate of USD $0.89 is available, and when the market hits this rate four days later his funds are sent. This allows Kevin to save a further USD $300.

Normal transactionLimit order
Exchange rate0.870.89
Amount transferred$13,050$13,350

Which brands will allow me to send money overseas as a business?

It’s possible for businesses to send money overseas through many Australian banks, including the ‘big four’ of Commonwealth Bank, Westpac, National Australia Bank and ANZ. However, business owners can also conduct international money transfers through specialist companies such as OFX, TorFX, CurrencyFair, Currency Online, and more.

In many cases, you can save money by using the services of a money transfer provider instead of a regular bank. These companies usually offer better exchange rates and lower fees than banks, while they also often offer a much faster processing time for transfers. In short, while bank focus on a wide range of financial products and services, international money transfer providers specialise in sending funds overseas.

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What features should I compare when looking to send money overseas?

Compare the following factors when choosing a money transfer provider to conduct your business transfers:

  • Competitive exchange rates. The higher the exchange rate, the more money will end up in your recipient’s bank account. It’s quick and easy to compare exchange rates online, and money transfer companies typically offer better rates than banks. Some companies will also offer better rates to business customers than personal customers, so compare this feature as well. However, remember to consider a company’s rates in conjunction with its fees.
  • Little or no fees. Read the fine print to discover any fees and charges which will be attached to your transaction, as well as whether or not you can save money by lodging your transfer online instead of in a branch. Many online transfer providers will waive their transfer fee when you send more than a certain amount, so look into this feature as well.
  • Ability to scheduled payments. Does your provider allow you to set up regular scheduled payments? This allows convenience for business owners and can help you organise your budget more effectively.
  • Limit orders. Limit orders let you take advantage of fluctuating market exchange rates, so check which providers offer this feature. Also remember to establish whether any fees are attached to this service.
  • Forward contracts. A forward contract lets you lock in an exchange rate now, for an international money transfer that will take place at a later date. Consider which providers offer this, how far in advance contracts can be set up, and whether or not extra fees are attached.
  • Customer service and contact methods pr availability. Consider which provider has the best reputation for customer service. Is assistance available online, over the phone and via live chat? Between what hours can you contact customer support? This area is important to consider in case you ever have issues with one of your transfers that need to be resolved.
  • Supported currencies. Different money transfer providers will offer to transfer funds to a range of different supported currencies. Most providers will let you send funds in a number of commonly traded currencies, for example the United States Dollar or the Great British Pound, but depending on your business you may need to trade more exotic currencies.

Some questions our users have asked in the past

Is it cheaper to send funds overseas through my bank or a money transfer provider?

It is typically cheaper to send funds through a money transfer provider due to better exchange rates and lower fees.

Can I track the progress of my transfer?

Yes, your provider or bank will give you a tracking number so you can monitor the progress of your transaction.

What currencies can I transfer funds in?

This varies between providers. Certain currencies are staples on the international currency market, such as the United States Dollar or the Euro, while other currencies are rarer. Contact your provider for a full list of the available currencies.

If you need to conduct an international business transfer, it really does make good financial sense to shop around and compare your transfer options. This will ensure you save money and that that your transfers are processed fast, and you can start the comparison process at

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