How to send money to Australia

Send money to Australia using an international money transfer service and you could beat the bank's rates.

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With over 20,000 Australian expats in Singapore, money transfers to Australia are increasingly accessible and efficient. 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.

Exclusive: OFX (Ozforex) International Money Transfers

Send money to Australia with OFX

Get competitive exchange rates and low fees when you send money abroad with OFX, with discounted exchange rates when you sign up through Finder.

  • $0 fee for all transfers with no maximum limit
  • Send to over 75 countries around the world
  • Can use for personal transfers as well as for your business

    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 1.073 AUD
    10,729
    Special offer: Zero fees on your first 10 transfers.
    Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    Go to site Show details
    SGD 1 1 day SGD 75.00 1.079 AUD
    10,710
    SingX offers the real exchange rate every time you make a transfer and is based locally in Singapore. Go to site Show details
    SGD 2,000 1 - 2 days SGD 0.00 1.075 AUD
    10,748
    Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it. Go to site Show details
    SGD 1 Same day SGD 3.99 1.074 AUD
    10,738
    An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
    SGD 250 1 day SGD 0.00 1.075 AUD
    10,748
    SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
    Fee-free transfers in 30+ currencies to over 200 countries.
    Go to site Show details
    SGD 200 2 days SGD 50.00 1.07 AUD
    10,651
    Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
    SGD 1 1 - 2 days SGD 120.00 1.079 AUD
    10,661
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    SGD 250 1 day SGD 0.00 1.075 AUD
    10,748
    Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
    Go to site Show details
    GBP 5,000 1 - 2 days SGD 0.00 1.075 AUD
    10,748
    Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate. 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.

    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 Lees 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 SG bankOnline money transfer company
    Exchange rate1 SGD = 0.9756 AUD1 SGD = 0.9889 AUD
    Transfer fee$25$3
    Transfer methodBank depositBank deposit
    Transfer speedUp to 5 days1–2 days
    Total AUD received975.60 AUD988.97 AUD

    The Lees are blown away: Not only can they save $22 in fees by sending money with a money transfer company, but their daughter will also receive 13.37 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 through 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.

    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 NRIC 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.

    Frequently asked questions

    Cash pickup locations in Australia

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