Little boy holds Australian flag on the beach

How to send money to Australia

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

Australia and America enjoy a mutual attraction. More than a million Aussies visit the States each year, and tens of thousands live here. And Americans succumb to Australia’s adventurous allure — with more than 100,000 Americans living Down Under.

As people flow between these two countries with ease, so does money. For international money transfers, you’ll want to shop around for the best and most affordable option.

World First Foreign Exchange

World First International Money Transfers

Most Convenient money transfers with excellent customer service. Send to 140+ currencies in 45 countries.

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  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    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.

    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 World First 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.

    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.
    Best USD to AUD exchange rates

    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.

    Find the cheapest, fastest 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.

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    Ofx Logo

    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:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 1.259 Online AUD 6,296 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 50.00 1.264 Online AUD
    6,255
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 1.259 Online, Bank Account to Bank Account AUD 6,293 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 50 2 days USD 5.00 1.258 Online AUD 6,284 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Currencies Direct International Money Transfers
    USD 100 1 - 2 days USD 0.00 1.251 Online, Phone AUD 6,255 $0 transfer fees with rates at never more than a 2% markup. Go to site View details
    TorFX International Money Transfers
    USD 150 1 day USD 0.00 1.232 Online, Phone, Agent AUD 6,161 No hidden fees and a best rate guarantee for 60 global currencies. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

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    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

    Yes, many money transfer specialists offer tools like limit orders and forward contracts for recurring payments. These tools allow you to lock in a more favorable rate for future transfers.

    When processed through a reputable bank or company, your funds are safely tracked until in the hands of your recipient. And if you’re sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees up front and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

    In the US, you have up to 30 minutes to cancel your transfer, assuming it hasn’t yet been picked up or deposited. Contact your bank or money transfer service immediately to start the cancellation process.

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    US International Money Transfers Offers

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    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

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

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