Compare International Money Transfers

At MoneyTransfer.com.au, Australia’s trusted guide to international money transfers, we help our readers make an informed decision as to the best provider for their upcoming money transfer needs.

On this page, we offer a side-by-side comparison of exchange rates, fees, and services from Australia’s top-rated international money transfer providers.

You’ll be able to quickly identify the cheapest way to transfer your money, based on your transfer size and currencies involved. Additionally, you can easily compare providers based on their features and review scores.

Planning to transfer money internationally and want to ensure you’re getting the best deal? Our Money Transfer Comparison Tool is here to help you make an informed decision with ease. Follow our step-by-step guide on how to use it:

Notes: Data was provided to us by TopMoneyCompare. We do not provide any financial advice.

An exchange rate is essentially the price of one currency in terms of another. For example, how many Australian Dollars (AUD) you get for one US Dollar (USD).

The first currency listed is the base currency, and the second is the quote currency. For instance, in the AUD/USD pair, AUD is the base currency, and USD is the quote currency. A quote of 0.70 means that 1 AUD is equivalent to 0.70 USD.

When sending money overseas, understanding how exchange rates work can help you get the best value for your Australian dollars. Exchange rates aren’t static—they fluctuate frequently due to various factors. To help you stay ahead, here’s a straightforward rundown to navigating these changes and making smarter transfer decisions.

To help you compare providers effectively, here’s how we display their rates:

• Fixed payment fees: Some companies charge a set fee per transfer, regardless of the amount you’re sending.
• Variable payment fees: Others might charge a fee that’s a percentage of the total amount you’re transferring.
• Exchange rate markup: Providers often add a small margin on top of the mid-market exchange rate as their profit.

For providers that don’t maintain consistent rates (such as brokers who negotiate rates per transaction) we use the most favorable rate available for our comparisons. This approach ensures that you see the best rates they can offer, enabling you to make well-informed decisions.

Fluctuating rates aren’t necessarily a bad thing. You can use their changing nature to your advantage by:

• Staing informed: Keeping an eye on economic news can give you a heads-up on potential rate changes.
• Timing your transfer: If you’re not in a rush, you might wait for a more favourable rate.
• Use rate alerts: Some providers offer alerts when the exchange rate reaches your desired level.
• Use the right money transfer service:  Some providers offer a range of foreign exchange solutions to help you achieve a better rate.

Selecting the right service provider is key to saving on your next international transfer. While most companies featured on our site offer significant advantages over traditional banks and digital platforms like PayPal, it’s essential to choose one that aligns with your specific needs.

Each provider has unique strengths: some are tailored for large transactions, while others cater to smaller amounts. Currency offerings also vary, with certain companies supporting a broad range and others focusing on specific currencies. Additionally, the availability of online platforms and mobile apps differs among providers.

Below, we’ve outlined the key features of the companies whose rates we’ve compared in this guide, helping you make an informed decision.

Company	Trading more than 5 Years	Good Customer Reviews	Regulated	Trade over Phone	Online Trading	Trade via App	Costs
							Low-Medium	Go to XE
							Low-Medium	Go to TorFX
							High	Go to PayPal
							Low-Medium	Go to OFX
							Low	Go to Wise
							Medium	Go to Remitly

As a general rule of thumb, we recommend that your comparison focuses on 3 key aspects.

The first one, and arguably most important, is reputability.

Since your money will be in their custody during the transfer process,  it’s essential to have confidence that they will handle your money responsibly, without unexpected fees or delays.

To effectively assess a company’s reputation, consider the TRUST framework:

Tenure: Evaluate how long the company has been in operation to understand its stability and experience.
Reviews: Examine customer feedback to gauge satisfaction and identify any recurring issues.
User base: Determine the company’s size and the diversity of its clientele to assess its market presence.
Standards of compliance: Verify the company’s adherence to industry regulations and standards, such as ASIC authorisation and other relevant certifications.
Transparency: Investigate any negative media coverage or public controversies to understand potential risks.

The next key factor in your comparison should be service quality. It’s important to evaluate how well each provider’s approach aligns with your preferred method of transferring money.

There are two main types of money transfer services:

Online transfers: These are conducted via a website or mobile app, offering convenience and speed.

Personalised transfers: These involve direct communication through phone or email, or a hybrid where transfers are booked online but you have a dedicated account manager to assist you.

As technology evolves, many traditional brokerage services now offer robust online platforms, narrowing the gap between personal service and digital convenience.

Finally, the third critical aspect to compare is the foreign exchange rates offered by each provider. This is exactly what our rate comparison tool is designed to help you with.

Still undecided? Comparing providers side-by-side may offer further clarity. Below, you can access a detailed comparison of Australia’s most popular money transfer companies to help you make the best choice.