International Money Transfers

Compare and find the best rates on moneytransfer.com.au ⚖️

We teach and guide customers about international money transfers. If you transfer money abroad with a bank, the fees that will be incurred are not just the wire fees ($20-$30 likely), but also the cost of exchange to a different currency. When you send money to a bank account overseas which is set up in a different currency than AUD, you pay anywhere between 2%-3% on that currency exchange alone, and sometimes a whole lot more.

In Australia, there are a lot of non-bank international money transfer companies, they are all offering to give you the best rates, beating the banks but how do they compare to each other?

Featured on our comparison engine:

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Who is Money Transfer Australia?

MoneyTransfer.com.au is a free resource designed to help people and businesses who want to send and receive money from abroad.
It was started in late 2023/ early 2024, and is now going through extensive redesign and content improvement.
Our comparison engine was launched March 2024, and we intending to add every single company offering international money transfers into Australia, and from Australia, including banks and eWallets.

16
Money Transfer Company Reviews
4
Bank International Payment Reviews
11
In-Depth Guides
16
Currency Pairs

We cover exclusively Australian money transfer companies, as well as multinational money transfer organizations who have local presence and lisence to operate in Australia.
We are a group of veteran writers who have covered the international money transfer industry for many years.
Some of us have worked for such companies, and others were covering them on a journalistic capacity.
We thought it would he helpful to provide Australian with real-time international money transfer rate comparison.
Our technology is built on TopMoneyCompare’s.

Sincerely,
Jeff Millows, PR Officer for MoneyTransfer.com.au

How to Conduct a Safe Money Transfer 👮

  • The safest way to transfer money abroad is through your bank, insured up to $250,000 by the FCS in Australia. However, this method can be costly.
  • A cost-effective alternative is using a money transfer service. Look for services that are ASIC authorised, reputable, and well-established to avoid overly enticing deals.
  • MoneyTransfer.com.au has vetted companies for you, ensuring they meet these criteria.
Best Money Transfers of 2024 List

How to Find Cheap Transfers 💸

  • The costs of transferring money with a bank in Australia are more than 3%, on average.
  • A cost-effective alternative is using a money transfer service. There are many out there, each has its own quirks, and its own specialty.
  • MoneyTransfer.com.au has built an engine to show you the cheapest transfer for your needs, in real time.
Cheapest Money Transfers of 2024 List

Why money transfers are so pivotal in Australia

Australia’s economy is growing. This current moment is perhaps not its brightest moment, but it is without a doubt a hub for international business and one of the world’s steadiest and most stable economies. Australia’s foreign trade exceed $1t a year.

The Australian economy is also propelled by emigration and immigration.

Over a million Aussies live overseas.

That creates an ever-growing demand for international money transfers into Australia.

Australian expats often have to shift money between their own named accounts in their destination country and Australia.
Moreover, there are always payments to be made, transactions to be had, and the need for international payment among this group is skyrocketing.


Australia’s foreign-born population is estimated at more than 7.5m.

The top countries of birth for residents in Australia include England, India, China, New Zealand, and the Philippines, showcasing a diverse mix of rich nations and countries with work immigrants.

For example, are nearly 600,000 Kiwis in Australia who need to transfer money between AUD and NZD.

Foreign workers in Australia regularly send money home. The AUDINR and AUDPHP currency pairs are very common for that.

And top it off, there is a constant flow of international investments in Australian real estate. With most recent data pointing at more than $70bn of foreign investments a year, that creates yet more demand for affordable, fair, and quick international transfers.

Australia’s Economy & International Money Transfer

1000
Billion in Foreign Trade, Annually
1+
Million Aussies Overseas, Requiring Transfers to Australia
7+
Million Foreign-born Residents, Transferring Money to Australia
70
Billion in International Real Estate Investments by Foreign Nationals, Each Year

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Cheap, Safe, Transfers with MoneyTransfer’s #1

MoneyTransfer.com.au readers are eligible for an exclusive offer by Send Payments, one of the best upcoming money transfer services in Australia. Send Payments will MATCH or BEAT any competing offer made by any company (in currencies they deal with). For the complete T&C ask Send Payments.

Visit SendPayments.com

Send Money from Australia, Globally

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Discover Companies

Top 12 Most Popular Reviews

Western Union

Learn about WorldRemit's global transfer services.

Western Union Review
MoneyGram

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MoneyGram Review
Revolut

Learn about WorldRemit's global transfer services.

Revolut Review
Instarem

Find out what makes Instarem a popular choice for money transfers.

Instarem Review
WorldRemit

Learn about WorldRemit's global transfer services.

WorldRemit Review
PayPal

Discover what users say about PayPal for money transfers.

PayPal Review
XE

See which transfer options does Xe offer

XE Review
Remitly

Check out the rates for Remitly transfers.

Remitly Review
Wise

Learn what Wise is about and what it is the market’s leader in Australia and globaly.

Wise Review
Send Payments

Get insights and read reviews on Send Payments for informed decisions.

Send Payments Review
OFX

Explore international money transfer options with OFX.

OFX Review
TorFX

Explore reviews for TorFX and make your transfer with confidence.

TorFX Review

Discover Banks

Top 4 Most Popular Reviews

ANZ

A Top Four Australian Bank.

ANZ International Transfers Review
CommBank

A Top Four Australian Bank.

CommBank International Transfers Review
NAB

A Top Four Australian Bank.

NAB International Transfers Review
WestPac

A Top Four Australian Bank.

WestPac International Transfers Review

Learn More

Guides you should not miss

Taxes on Bringing Money to Australia

Understand the tax implications and requirements for sending and receiving international funds in Australia.

Your Guide to International Transfer Taxes
Money Transfer Regulations

Explore the essential regulations, compliance requirements, and safety measures for secure and legal international money transfers.

Your Guide to Secure Money Transfers
Online Money Transfers Through Digital Providers

Learn about online money transfer services and how to use them effectively.

Your Guide to Efficient Online Money Transfers
How to Make an International Money Transfer from Australia

Discover the most efficient and secure methods for making international money transfers, ensuring low fees and fast delivery.

Your Guide to the Best Transfer Methods
International Business Money Transfers

Gain insights into the processes, best practices, and considerations for making international business money transfers.

Your Guide to International Business Transfers
Receive Money from Abroad

Learn the best methods and strategies for receiving international payments efficiently, avoiding fees and delays.

Your Guide to Receiving Money from Abroad

Head to Head Comparisons

Featured Currencies

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