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Send money to Australia

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

A specialised money transfer company will offer more competitive exchange rates than a traditional bank, but which company is best for you depends on how much you’re sending and how quickly you need it to arrive.

Send money internationally with OFX

Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

  • Better exchange rates than those offered by banks
  • Lower fees than those charged by banks and other services (free when you transfer over SGD 10,000)
  • Quick turnaround time
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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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 5 1 - 2 days SGD 3.00 0.989 AUD
9,883
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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SGD 2,000 1 day SGD 0.00 0.99 AUD
9,900
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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SGD 1 1 day SGD 40.00 0.994 AUD
9,900
Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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SGD 1 Same day SGD 3.99 0.989 AUD
9,891
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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SGD 250 1 day SGD 0.00 0.99 AUD
9,900
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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SGD 200 2 days SGD 50.00 0.986 AUD
9,811
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
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SGD 1 1 - 2 days SGD 120.00 0.994 AUD
9,820
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 250 1 day SGD 0.00 0.99 AUD
9,900
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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GBP 5,000 1 - 2 days SGD 0.00 0.99 AUD
9,900
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Australia?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Australia. Some offer transfers straight to Australian bank accounts, while others allow the money to be picked up in Australian dollars in person. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times.

Digital money transfer services

Companies like OFX and InstaReM specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Australian bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram allow you to transfer cash for pickup at a local branch in Australia— often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. If a cash pickup is necessary, look to digital services like WorldRemit or Wise when possible.

Banks

Australian dollars may be carried by your bank, especially if you visit the main branches offering international service. Although your local bank can convert your Singapore dollars into Australian dollars, beware of high fees and wide margins on the exchange rate compared to digital and other options.

Let’s crunch the numbers: Sending $2,000 to Australia

Let’s say you need to send $2,000 to family in Australia. Here’s what you might face as far as fees and exchange rates as of 27 September 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$4$25 + additional correspondent bank fees
Exchange rate1 SGD = 1.023 AUD1 SGD = 1.0215 AUD1 SGD = 1.0206 AUD
Transfer speed1-2 dayMinutes2-5 days
Amount receivedAUD$2,046AUD$2,038AUD$2,015
Verdict
  • Best value
  • Fastest and better than the bank
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the digital money transfer service, your recipient ends up with AUD$31 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Australia in as little as 15 minutes.

How to send money to Australia online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and your preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If you’re transferring to a bank, you’ll need your recipient’s Australian bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Australia. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to Australia

Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to Australia to meet your needs:

  • Exchange rates. The SGD-AUD remains relatively stable, with occasional shifts on a larger scale. Exchanging currency ahead of time, or locking in prices, can help you prepare for these shifts.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Australian dollars you’re sending.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Australia.
  • Maximum limits. When exchange rates are favorable, sending more money can save you money in the future. If you plan to send large amounts of money to Australia, be sure to pick a provider that won’t limit you.
  • Transfer methods. Whether you want money sent to a Australian bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Australia

When it’s more important to get your money to Australia quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Australia without a bank account

Cash transfer services can help when you need to transfer without a bank account. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Australia’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Australia’s exchange rate fluctuates when compared to the Singapore dollar, so expect some change in exchange rates between these two currencies on a daily, weekly and monthly basis. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the Australian dollar trades against the Singapore dollar in our historical rate chart.

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Updated: 24 Oct 2021 05:35:41 UTC

Documents needed for sending to and receiving money in Australia

To send money to Australia from Singapore, you’ll need government-issued ID and other documents, while documents needed to pick up money in Australia may be different by company.

Documents to send money from Singapore

To send money from Singapore to Australia, you’ll need documentation and details that include:

  • Identification. Most services require your NRIC, a driver’s license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, Australian bank account and routing number if sending to their bank.

Documents to receive money in Australia

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. An Australian passport, Australian driver’s license or similar form of government-issued ID will be accepted for identification for most money transfer cash pickups.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to Australia shouldn’t cost a fortune. Compare transfer companies that specialise in foreign for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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