Compare International Money Transfers

On MoneyTransfer.com.au, Australia’s premier money transfer guide, one of the main functions we offer our readers is a thorough comparison of their ways to transfer money internationally.

We do so by offering a multi-faceted comparison. On this page, you would be able to compare exchange rates and fees offered by various highly regarded international transfer service providers in Australia. Moreover, you could compare those to Australia’s top banks to understand whether the savings are substantial enough for you to go through the hurdles of signing up with a new company.

Other than comparing the live rates and helping you understanding which is the cheapest way to transfer, we will also present a table comparison the offering and customer reviews of the leading candidates. Lastly, we this section will include articles that compare, head to head, Australia’s money transfer companies.

Live Money Transfer Comparison

0AUD->NZD
£
  • Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    This company uses individualised quotes that depend on many factors. To receive a quote specific to your requirements, you will need to sign up with the company and ask for it. The rate displayed is representative of what you can receive, but it is not guaranteed.
    0.05% below the mid-market rate
    You RECEIVE
    0
    0
  • Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    This company uses individualised quotes that depend on many factors. To receive a quote specific to your requirements, you will need to sign up with the company and ask for it. The rate displayed is representative of what you can receive, but it is not guaranteed.
    0.05% below the mid-market rate
    You RECEIVE
    0
    0
  • Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    This company uses individualised quotes that depend on many factors. To receive a quote specific to your requirements, you will need to sign up with the company and ask for it. The rate displayed is representative of what you can receive, but it is not guaranteed.
    4.12% below the mid-market rate
    You RECEIVE
    0
    0
  • Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    This company uses individualised quotes that depend on many factors. To receive a quote specific to your requirements, you will need to sign up with the company and ask for it. The rate displayed is representative of what you can receive, but it is not guaranteed.
    1.66% below the mid-market rate
    You RECEIVE
    0
    0
  • Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    This company uses individualised quotes that depend on many factors. To receive a quote specific to your requirements, you will need to sign up with the company and ask for it. The rate displayed is representative of what you can receive, but it is not guaranteed.
    2.97% below the mid-market rate
    You RECEIVE
    0
    0

How to use our money transfer comparison ⚙️

The rates displayed above, showing international money transfer rates provided by Australia’s leading money transfer services, are as accurate as we could gather, but it doesn’t mean they are 100% correct or current.
If you are looking to transfer money abroad, then you should do your own due diligence as for the rates offered right now.
Data was provided to us by TopMoneyCompare.
This is not financial advice.
For more information on how to find good deals, you can refer to our guide covering the cheapest ways to send money from Australia.

Compare money transfer companies in Australia

One of the most important things prior to choosing a company is to compare the actual functionality.
Does this company actually match your needs?
Is it optimal for the type of transfer you need
Below you can find the leading money transfer companies in Australia, compared over what we would consider are the most pivotal aspects of its functionality.

Company NameTrading >5 YearsGood Customer ReviewsRegulatedTrade over PhoneOnline TradingTrade via AppCosts
TorFXLow-Medium
Send PaymentsLow-Medium
PayPalHigh
OFXLow-Medium
WiseLow
RemitlyMedium
XeLow-Medium

Company vs Company heads-ups

When it comes to finally choosing a money transfer service, then your comparison should be zoomed in on three aspects.
The first one that comes to mind is reputability. Since your money is going to be lying in that company’s bank account, even for a little while, you would have to trust them to do what they were hired to do and not scam you, withhold your funds, take unaccounted for fees, etc.
The best way to verify the reputability of a company is to look into is HHWWA

How long has it been operating
How big it is (is there a sufficient sample size of customer reviews)
What do customer reviews say
Which additional regulators is it regulated with (on top of being ASIC authorised…)
Has the company received any bad media?

Then, the next part of the comparison should be around service. You would be looking to compare where there is a good match between how you want to transfer money and how each provider treat it. There are two main faculties when it comes to money transfers. It’s either an online money transfer through a website or app, or a personal money transfer done via phone or email (or, booked online but then you have a direct phone and email service to the person who has been assigned to handle your account). As time progresses more of the brokerage (up and close service) offer online trading systems, so that difference narrows over time.

The third and final thing to compare is foreign exchange rates offered by each of the companies you are comparing. This is what we can help address with the rate comparison at the beginning of this guide.

If you are still undecided about your provider, then perhaps comparing company vs company, in a side-by-side fashion, would help. Here are Australia’s most popular companies compared:

Compare money transfer companies, head to head

TorFX vs XE
TorFX vs Wise
Send Payments vs Wise
OFX vs Wise
OFX vs XE