Top 10 International Money Transfer Services in Australia

Technology has really simplified the way businesses transact. Only a few years ago it was not that easy to transfer money from one bank to another, let alone from one country to another.

However, technological advancements have literally transformed our world into a global village. With several companies launching global money transfer services in Australia, anyone can send or receive money to Australia in a matter of minutes, if not seconds.

Long gone are the days when people only relied on expensive banks to deposit and withdraw cash or even send money to other countries. The convenience and savings in fees offered by online money transfer companies have made most people turn away from their trusted banks to using other means.


Our goal is to become your one-stop hub for all things international moving. You can compare moving companies and find useful resources to assist you when preparing for an international move.

Depending on the Australian online money transfer company, it may take you from a few minutes to an hour before you receive money in your mobile wallet or bank account after the transfer has been initiated.

If you are not familiar with some of the international money transfers, below is a list of the top 10 money transfer companies in Australia for sending money overseas from Australia:

Quick Summary: Our Top Picks for International Money Transfer Services in Australia
  • Dedicated account manager
  • 40+ currencies supported
  • No hidden fees
  • Highly-competitive exchange rates
  • Zero transfer fees
  • 24/7 support
  • Global secure service
  • Fast & easy service
  • Multiple payment methods
  • Zero transaction fees
  • 55+ currencies supported
  • 24/7 support service
  • Excellent for small payments
  • 52 currencies supported
  • Multicurrency card available
  • Specialist business payment provider
  • Risk-management solutions
  • No hidden fees
  • 150+ countries supported
  • Unique peer-to-peer marketplace
  • No hidden fees

1. Send (Our #1 Recommendation)


Send Payments are a multi-award winning international money transfer company who specialise in the relocation and migration industry.

Their co-founders have over 20 years-experience in the international payments and relocation sector. Most of their team have lived in multiple cities around the world so they have a first-hand experience of the pain points that can be associated with relocating internationally, particularly when it comes to transferring large volumes of money from one country to another for reasons such as transferring the proceeds of a property sale to another country or purchasing a new property.

There are several advantages and disadvantages to using Send as a money transfer service. It is important to understand these merits and demerits for you to make the right decision.


  • Personal account managers that you can speak to and discuss your move and money transfer requirements
  • 24/7 multi-currency payments platform that enables same-day payments to over 200 countries with zero fees
  • Knowledge in other areas that can help with your move such as opening bank accounts in other countries and currency restrictions
  • Send are great for larger transfers and our best international money transfer from $1,000,000 AUD


  • Send do not accept debit or credit card payments

Send Quick Summary:

🏛️ Established2017
🌎 ClientsGlobal
💱 Currencies50+ provided
🏢OfficesGold Coast, Sydney, Melbourne
📱 PlatformsRetail presence, phone service, online service
⚖️ RegulationAustralian Financial Services Licence (AFSL) holder
🏆 AwardsFinnies finalist, Mozo experts choice

🌟ReviewsExcellent, 4.7 on TrustPilot
💰 FeesNo transfer fees
📈 Trading Volume11,000 payments in 2021, trading $270 million in currency in 2021
🌐 Official WebsiteVisit Send


2. TorFX (Our close #2 pick)

TorFX is another major money transfer company with offices in the United Kingdom and Australia.

One major advantage of using TorFX is the fact that it allows its customers to send money through a variety of options. For instance, they can use bank transfer, credit cards among others.

There are several advantages and disadvantages to using TorFX as a money transfer service. It is important to understand these merits and demerits for you to make the right decision.


  • Customers can send money through the internet and via phone
  • Has a great customer service experience
  • It has several physical locations where customers can get face-to-face customer support


  • Some exotic currencies are not supported


3. XE Money Transfer XE offer

XE Money Transfer is another respected international money transfer company. They are popular mainly because of the lower exchange rates they offer compared to banks. XE is available in more than 172 countries and users can send and receive money in different currencies.

Pros and cons of XE

Just like any service, XE has its own merits and demerits. Below is a summary of what you should know about the company’s services:


  • It is one of the most trusted brands in international money transfers
  • It allows the transfer of money in 60 currencies
  • It doesn’t have transfer fees


  • It doesn’t support card payments

How to send money through XE

The first step is to set up an account with your personal details such as email address, names, occupation social security number among others. After your account is approved, you are ready to go.

Transfer speed and rates

XE doesn’t charge customers for sending money. Most XE transfers are completed within the same day and a maximum of 4 days.


4. OFX

OFX has existed in the money transfer business for more than 20 years. To date, the company has transacted more than €67 billion. The company has operation offices in San Francisco, London, Hong Kong, Sydney, Toronto, and Auckland.

OFX is known for its premier 24/7 customer services as well as lower fees and exchange rates.

Pros and cons of OFX

OFX just like any other money transfer company has its benefits and flaws. Those are the main things to look at when deciding whether to use it to transfer your money or choose another provider.


  • It has competitive exchange rates
  • Has a mobile app and online experience
  • It has several physical offices across the world – important for people who want to get a one-on-one customer experience


  • The minimum amount one can transfer through this platform is $1,000

Sending money through OFX

There are several steps that one is supposed to follow before getting started with OFX. For instance, you will have to set up an account by providing personal information such as social security number, driver’s license among others.

After the company verifies your account and gives you access to the platform, you can then set up your transfer method and start sending or receiving money. The entire process can be done through their platform o your mobile phone.



5. TransferwiseTransferwise

Transferwise is one of the most popular money transfer companies in the world. The company is mainly focused on money transfer from one bank to another across different countries.

One of the reasons why most people prefer Transferwise is the fact that they charge very minimal fees compared to banks.

Besides, Transferwise is one of the most transparent companies in terms of their exchange rates and transaction fees.

This means that you get to know how much the recipient will get before you press the send button. Transferwise is available in 22 countries and users can receive and send money in 27 currencies.

Pros and cons of Transferwise



  • It only allows for bank to bank transfers
  • All transactions are conducted online

How to send money via Transferwise

In order to use Transferwise, one needs to set up an account by providing their personal details such as phone number, address, social security number among others.

Besides, you also need the details of the recipient such as the International Bank Account Number (IBAN) – to be able to send the money.

Transfer speed and rates

It takes between 3 to 5 business days to send money through Transferwise. The company also provides mid-market rates that are guaranteed within a period of 48 hours.


6. WorldFirst (Business Transfers Only)

WorldFirst has been operating for several years now. Its services are available in over 100 countries in the world. The company boasts of a wide network – with several agents across the world.

Pros and Cons


  • It has a wider network coverage
  • Payments can be made via debit or credit cards
  • Home delivery is available in certain areas


  • Cost of money transfer are high – especially when using cards
  • There’s a limit as to how much one can transfer in a month

Sending money through WorlFirst

To be able to use WorldFirst, one will have to set up an account by providing personal details and national ID or passport for verification.



7. WorldRemit

WorldRemit is has been in the industry for quite a while. Their services are available in 150 countries and transact in more than 90 currencies across the globe.

The good thing about WorldRemit is that they give their customers a variety of methods to send money across the world. For instance, you can send money through cash pickups, bank transfers, or mobile money.

WordRemit is able to effect transactions within minutes.

Pros and cons

There are several advantages and disadvantages that come with using WorldRemit.


  • It is available in almost every country on earth
  • Their transfers are almost instant
  • Provides a wide range of delivery options such as cash pickups, mobile, and bank transfers
  • It supports several payment options such as bank deposits, debit cards, and credit cards


  • It charges relatively higher fees compared to other money transfer companies

How to send money using WorldRemit

Signing up for WorldRemit is not a complex process. All you have to do is provide your personal details and offer valid proof of your identity in terms of address.

You can scan and upload the documents. As soon as your account has been approved, you can start sending money using different methods available on the platform.

Transfer speed and rates

WorldRemit is one of the fastest money transfer companies. The recipient can receive money in a matter of seconds. When it comes to transferring charges, you might pay anything between $3. 99 to $24.99.


8. Payoneer

Payoneer is a veteran in the international money transfer industry. The company’s services are present in 200 countries and transact close to 150 currencies. Payoneer enjoys partnerships with international big brands such as Google, Amazon, Upwork, and Airbnb.

All the above companies conduct their payments through Payoneer. The company also works with major eCommerce brands such as Walmart and freelance websites like Fiverr.

Pros and cons

Payoneer is known to perform best in certain areas whereas lags behind in others.


  • It is present in more than 200 countries
  • There are no charges between Payoneer accounts
  • Custom service where you can request payment from clients

How to use Payoneer

The signing up process for Payoneer is not very different from other companies. You will be required to set up a professional profile and then fill in your personal details. You will also need to upload identity verification details such as Driver’s license or passport.

The company will take a few days to verify your documents and decide whether to approve or decline your application.

9. CurrencyFair

CurrencyFair is another major online payment company with its headquarters in Ireland. The company is largely known among forex traders and online gambling firms. CurrencyFair currently has a customer base of about 200,000.

The company has also positioned itself as the best platform for cryptocurrency trade. One major advantage of CurrencyFair is that it facilitates almost instant money transfer services across the world.

Pros and cons of using CurrencyFair

It provides a wide range of services that can’t be found in any other money transfer platform. Nonetheless, it also has a few setbacks that are important to consider before you decide to use their services.


  • Allows customers to send or receive money through mobile phones
  • Their services are available in over 200 countries
  • You can transfer money to online gambling platforms
  • Allows anyone to buy and sell cryptocurrencies
  • Transfers are almost instant


  • It has a complex fee structure system
  • Their transaction fees are relatively higher

How to use CurrencyFair

It is easy to get started with CurrencyFair. You can either open a personal or business account by providing your personal details and documents for verification. The sign-up process is simple and can take a few minutes to complete.

The company will then take at least 3 business days to cross-check your details before approving your account.

10. Global Reach

Global Reach is a money transfer platform that allows citizens in Australia, Canada, UK, the US, and those in the Eurozone to send transfer money to more than 40 countries across the world.

The company which was founded in 2002 has demonstrated its ability to offer exceptional money transfer services to its customers across the world.

Global Reach has a wide range of payment options and appears to be one of the most trusted companies in the United States and the UK.

Pros and cons

Before you choose to use Global Reach, there are several things you should consider about them. Below is a brief summary:


  • The company has various payment methods such as mobile wallet deposits, cash pickups, and bank transfers
  • A recipient can collect money from any participating bank in the country
  • A sender can lock in the exchange rate after making a transaction


  • The amount one can transfer within a day is low
  • Some payment options have higher transfer charges

Sending money through Global Reach

The first step involves setting up an account. You will be asked to provide personal details such as email addresses, phone numbers, and social security numbers among others.

As soon as your account is ready, you can choose whatever payment option you prefer and send money to wherever you want.

Companies we don’t recommend

Western Union

Western Union is another giant in the when it comes to international money transfer and cash remittance market. The payment method was started back in 1851 – that’s’ more than 169 years of experience in the money transfer business.

Western Union has more than 500,000 agents spread across the world – making it one of the largest money transfer companies.

Pros and cons

Below are advantages and disadvantages of Western Union that will help you make an informed decision:


  • Has different payment methods
  • It operates in more than 200 hundred countries
  • Fast transfer


Ria Money Transfer


How To Send Money Overseas Online

When you want to transfer money overseas and you’re considering what exactly are the best ways to send money overseas you may be tempted to use your trusted bank but this is certainly not the best option for your pocket. Using a reputable money transfer company will be the cheapest option to send money overseas.

  1. Choose your money transfer provider (Send is our #1 recommended service)
  2. Select the currency you have, the currency you need, and the amount you need to send
  3. Enter your contact details to receive a free quote

What To Consider When Transferring /Sending Money Overseas


The overall cost of the money transfer is something you will want to carefully consider as many of the costs can be hidden in the poor exchange rates. You will see many companies promoting fee-free transfers but they’re really just hidden their fees in the exchange rate they’re offering.

The Exchange Rate

Whilst you can quickly look up an exchange rate on Google but a quick comparison to the rate you’re being offered by your bank or transfer service you will often find the rates vary considerably. The rate discrepancy is the margin that the bank or money transfer service is making on the transfer.

Transfer Time

You’re probably wondering exactly how long does an international bank transfer take? Transferring money between banks generally takes around 0 to 5+ working days to process and SendFX and XE Money Transfer are two of the fastest services available with international transfers averaging between 0 to 3 days to complete.

Secured and Safety

All of the services listed here are highly regulated by the Australian Securities and Investments Commission (ASIC) giving you complete peace of mind and ensuring you know exactly where your money is throughout the entire transfer process. This legally ensures your money is protected and stored in a low-risk financial institution.


In summary, Send is our top pick when it comes to transferring money to or from Australia.