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How to send money to Australia

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Get more money to loved ones in Oz with the right money transfer service.

Depending on the method you need to send or receive money in Australia, you have the convenience of many options — cash, bank deposit, or peer-to-peer apps.

If you don’t need cash right away (such as through a service like Western Union or MoneyGram), there are online services available that can get your transfer to its destination in 1-5 days, with no fees and great exchange rates.

CurrencyTransfer

Our pick for large transfers: CurrencyTransfer

Get the best foreign exchange rates available from this online marketplace.

  • Exclusive to Finder readers: Minimum transfer of $1,000 (normally $5,000).
  • Fast 1-2 day delivery to bank accounts.
  • No fees.
  • Globally trusted brand.
  • CurrencyTransfer reimburses you the difference if you get a better rate somewhere else.

    Find the best money transfer to Australia

    Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Australia with our money transfer partners.

    I want to send

    to

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 3 - 5 days USD 0.00 1.38 AUD 6,902 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
    USD 1 1 - 2 days USD 0.00 1.392 AUD
    6,958
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    USD 1 Within an hour USD 0.00 1.373 AUD 6,864 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    USD 1,000 1 day USD 0.00 1.378 AUD 6,888 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
    GBP 1,000 1 - 2 days USD 0.00 1.386 AUD 6,930 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.
    Go to site Show details
    USD 5,000 1 day - - Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
    USD 50 1 - 2 days USD 0.00 1.368 AUD 6,839 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

    Compare up to 4 providers

    Banks vs. money transfer specialists

    The familiarity and security offered by banks make them appealing to some. But banks typically offer weak exchange rates and high fees to send money to Australia.

    For the majority of your international money transfers, you’re better off using an independent money transfer specialist.

    Sending $1,000 to Australia

    The Davenports need to send $1,000 for books and living expenses to their daughter studying in Sydney. While they appreciate the convenience of running down to their local bank, at their daughter’s nudging they’ve decided to compare their bank’s rates and fees to a popular online money transfer specialist.

    Major US bankOnline money transfer company
    Exchange rate1 USD = 1.2733 AUD1 USD = 1.3182 AUD
    Transfer fee$35$5
    Transfer methodBank depositBank deposit
    Transfer speedUp to 7 days1–2 days
    Total AUD received1,273 AUD1,318 AUD

    The Davenports are blown away: Not only can they save $30 in fees by sending money with a money transfer company, but their daughter will also receive 45 more Australian dollars — and in only a few days.
    Using a credit card in Australia

    Get a better deal when sending money to Australia

    By comparing just a few elements of your transfer, you can ensure that you get the cheapest deal for your needs:

    • Exchange rates. Compare the rate you’re offered to the mid-market rate and look for the smallest margin between them.
    • Fees. Generally, you’ll pay either a flat fee (for example, $5 for transfers up to $5,000 — or a percentage of your total transaction (such as 1% of your transfer amount).
    • Transfer methods. Banks and other services offer transactions online, by phone or in person. Each option carries different fees.
    • Transfer options. Independent transfer services like OFX and TransferWise offer competitive exchange rates and fees. But if your recipient needs to pick up cash, compare options like WorldRemit.
    • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
    • Transfer amounts. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

    What is the mid-market rate?

    The mid-market rate is what your money’s actually worth on the global market compared to another currency. It’s the midpoint between worldwide supply and demand for that currency — and the rate banks and transfer services use when they trade among themselves.

    Use the mid-market rate as a baseline to compare against the rates provided by your bank or transfer service. With it, you’ll discover which companies offer the best rates.
    Best USD to AUD exchange rates

    Emergency cash transfers to Australia

    Sometimes in life emergencies require faster delivery to friends, family and businesses in Australia. If you need to initiate a money transfer quickly, consider the exchange rate you’re offered against the transfer fees you’ll pay.

    Although time is crucial, taking a few extra steps before confirming your transaction could save you a lot of money — and prevent any nasty surprises down the road.

    What will I need to send a money transfer to Australia?

    In general, to initiate an international money transfer, you’ll need to provide:

    • Your full name and contact information.
    • Government-issued ID, such as your driver’s license or passport.
    • Your recipient’s full name and contact information.
    • How you’re sending the money, whether for cash pickup at an agent location or for deposit to your recipient’s bank account.
    • If a bank transfer, your recipient’s bank name, routing and account numbers and SWIFT code.
    • Accepted method of payment.

    What is a SWIFT code?

    Short for the Society for Worldwide Interbank Financial Telecommunication, a SWIFT code is an international bank code used for incoming transfers. Overseas banks each have a unique SWIFT code that identifies which bank to send money to.

    Bottom line

    Overseas money transfers are easy, no matter which method you choose. But knowing how to compare your options gives you a leg up in terms of cost, rates and transfer speeds. An informed choice is your better choice.
    Best GBP > AUD exchange rates

    Frequently asked questions

    Cash pickup locations in Australia

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    US International Money Transfers Offers

    Important Information*
    XE Money Transfer

    Transfer up to $500,000 with no minimums and no fees.

    WorldRemit International Money Transfers

    Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

    TransferWise

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

    CurrencyTransfer

    Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.

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