Sending money to family and friends overseas can be an urgent matter. The last thing you need is to deal with a complicated and expensive process. When you need to get money, compare transfer fees and exchange rates of a host of transfer services to get the best deal. When you do your research and shop around for the best available deal, sending an international money transfer to Austria is easy and affordable.
Compare international money transfers to Austria
Our interactive table lets you compare current fees, transfer speeds and other details about sending your money overseas.
An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Austria. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.
You can often save money by using the services of a dedicated money transfer company. These providers specialise in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.
Steps to send money to Austria
Choose one of the numerous transfer providers who send money to Austria.
Register with the provider on their website providing your name, address, contact information and date of birth. A valid photo ID will also be required.
Provide your recipient’s name, address and contact details. Depending on the transfer method you may also need to supply their bank account information.
Enter the amount you want to transfer, complete the transaction and save your tracking or receipt number to follow up on the progress of your transfer.
How to compare transfer companies when transferring money to Austria
You’ll want to consider costs, of course. But other factors can also affect your choice.
Fees. Most companies charge a fee to transfer your money around the world, though some will waive that fee for large transfers. The fee determines how much your transfer will cost.
Minimum amounts. Some companies will transfer as little as a euro, but others won’t deal with anything less than a few hundred. Look for a match with what you’re trying to send.
Urgency. If the money needs to get there ASAP, most providers complete transactions in a day or two. Some can do it in minutes, at a higher cost. The fastest availability usually comes with picking up the funds in cash. Surprisingly, using a credit or debit card on your end can be faster than pulling money directly from a cheque account.
Process and scheduling. Do you prefer to send money online, over the phone or in person? Do you want to schedule a future transfer or use a forward contract in anticipation of better exchange rates?
Payment methods. Will you pay with cash, a bank account or a debit or credit card? Transfer agents often see debit cards as quicker and more secure than the bank accounts they’re based on. However, using a credit card can trigger cash advance charges from your credit card company.
Customer service. How much help will be available if you hit a snag or have a question? Are the support hours convenient?
When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. Banks, credit unions and money transfer companies are required to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.
Whether you’re picking up cash in Austria or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.
There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you will usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.
Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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