Australia

Our Top Picks to Send Australian Dollars Abroad

Send AUD abroad and get the best rates

Sending money abroad can get expensive if using a bank or the wrong provider. However, thanks to specialist providers, sending money abroad can be much cheaper than it was a decade ago. New companies like TorFX and RationalFX have shaken the market, undercutting their competitors and offering youthe best deal out there.

Our Top 5 Picks

We’ve put together our top 5 picks for sending Aussie Dollars abroad. Based on how many Dollars you’d get for your transfer and other qualitative features, these are our recommendations for an AUD FX transfer.

TorFX logo

TorFX

TorFX is a strict money exchange and transfer company that focuses on getting your funds where they need to go quickly. Unlike other services, it requires that funds to be cleared by individuals who hold TorFX accounts. The money must be sent in advance before the transaction can be performed. TorFX cares about its customers, with clarity and friendly service two of its highest priorities.

Pros

  • Competitive exchange rates.
  • Free market news.
  • Fixed exchange rate protection.
  • Can save you 5% on bank exchange rates.
  • No bank charges or commissions.
  • Consult with currency experts.

Cons

  • Potential risks of exchange include market volatility.

Go to the TorFX website


Currencies Direct logo

Currencies Direct

Currencies Direct is an international money transfer service dedicated to helping its customers save more when transferring money internationally. With 39 currencies to choose from (and others that can be discussed with the company itself), it is more flexible than other money transfer services. So long as there’s a bank account available, Currencies Direct will transfer and exchange your funds at a low flat rate.

Pros

  • No fees for 90% of its transactions.
  • Worldwide service.
  • Competitive exchange rates.
  • Low minimum transfer of £100.
  • Supports large transactions at a seemingly unlimited maximum.
  • Monitors exchange rates for your ideal transfer.

Cons

  • No cash pickup option.
  • Does not support all currencies (though you can contact them if yours isn’t listed).

Go to the Currencies Direct website


FC Exchange logo

FC Exchange

FC Exchange offers international money transfer solutions to customers in the UK and around the world, handling over £4Bn in transactions since its inception in 2005. FC Exchange offer a ‘Best Exchange Rate Guarantee’, offering affordable transfers with excellent customer service.

Pros

  • If you transfer more than £10,000 overseas you will not have to pay any transfer fees.
  • Transfer money in 35 currencies
  • Match any exchange rate quote you receive from another provider
  • Phone, email and live chat customer support, with impressive customer satisfaction ratings.

Cons

  • No cash pickup option.
  • Does not support all currencies (though you can contact them if yours isn’t listed).

Go to the FC Exchange website


HiFX logo

HiFX

HiFX is a service designed to help you transfer your funds to a bank in a foreign currency. If you’re working far from home, HiFX is ideal for getting cash to your family or making investments overseas. Given how easy it is to transfer your money to foreign companies in their currency, it’s especially ideal for business accounts.

Pros

  • One of the most trusted money transfer names in the UK.
  • Competitive exchange rates save you money in the long run.
  • Quick turnaround means transfer is complete in 1 to 4 days.

Cons

  • Rate comparison tool not available until after you’ve registered with the site.

Go to the HiFX website


Xendpay logo

Xendpay

Xendpay allows you to send money to friends and family in 147 countries. Xendpay’s main selling point is ‘pay what you want’ when it comes to fees. These fees are translated in to their rates, so they’re still making roughly the same as other providers! However, their rates do fare well against the competition.

Pros

  • 147 countries to send money to.
  • Competitive pricing.
  • FCA regulated, so your transfers are secure.
  • iPhone app for transfers on the go
  • Competitive rates.

Cons

  • Rate comparison tool not available until after you’ve registered with the site.
  • ‘Pay what you want’ applies only to the first £2,000 you send.
  • It can take up to 4 days for your recipient to receive the funds.

Go to the Xendpay website


If you would like to compare with other providers, see our full International Money Transfers comparison page.

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