Send Money from the USA to Australia

Find the cheapest and most recommended international money transfer services to send money from the UK to Australia. 

We compare rates, fees, speed and safety so you can find the best fit for your needs.

0 USD -> AUD
£
Mid-market exchange rate
1GBP=1.2540USD
+0.38%since yesterday
  • Speed
    1-5 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Western Union
  • Speed
    0-1 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to MoneyGram
  • Speed
    0-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Revolut
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Instarem
  • Speed
    1-5 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to WorldRemit
  • Speed
    Instant
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to PayPal
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to XE
  • Speed
    1-5 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Remitly
  • Speed
    0-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Wise
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Send Payments
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to OFX
  • Speed
    1-3 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to TorFX
Disclaimer: This widget compares different money transfer options based on the received sum, speed, and payment methods. Our comparisons are made using the available data, which we've collated from various sources, including company websites and user submissions. While we strive to provide the most accurate and up-to-date information, rates and conditions may vary, and promotions are not always reflected. Please note that while we aim for accuracy, all users should verify the details and legal conditions with the respective companies before making any decisions.
Last updated: 17/07/2024

How to transfer money from the USA to an Australian bank account

Step 1: Compare a number of money transfer companies using our comparison tool

Start by exploring your options. A wide range of companies can help you send money from the USA to Australia. 

We have listed 10 from our database alone.

They all offer different rates, fees, and services. Some might be faster, while others could be cheaper.

It's all about finding the right fit for your needs, but these are the most important things to consider:

  • Cost (exchange rates and fees)
  • Safety (regulation)
  • Service and features
  • Customer ratings

Using a comparison tool lets you see your options side by side, making it easier to spot the best deal at a glance.

On a 1000 transfer, banks may cost you up to 50, but use our cheapest provider for your transfer and your total costs will start from 10.

Step 2: Sign up and get verified

Found your preferred provider? Great. The next step is signing up. 

You'll need to share some personal details before sending money. Your chosen provider will likely ask for ID to verify your identity and your address. Don’t fret – it's a standard step – all about keeping your money safe. 

Just keep in mind, verification times can vary. It may happen online in minutes, but sometimes further checks are necessary. 

Allow sufficient time so that you’re not rushing and can go with your preferred provider.

Step 3: Set up your transfer

Once approved, you're ready to arrange your transfer. 

You’ll need to specify how much you're sending and where it's going. Do this either online, via an app, or by speaking to your dealer.

There are various details you need to provide to route an international transfer to Australia - we'll explain these in more detail later.

If you remain unsure, speak with your provider; they'll know exactly what you need to include.

Step 4: Agree to an FX rate

Currencies are traded 24 hours a day, all over the world. As a result, rates are constantly moving and timing your trade correctly can get you more AUD for your USD.

Keep up-to-date with how the USDAUD rate is trending and whether now is a good time to exchange. Currency brokers will give you bespoke guidance on when to trade, taking into account your unique situation and risk appetite.

Remember, you won’t get the actual mid-market rate that banks trade at with one another. Instead, the provider will show you their customer exchange rate and any associated fees. 

More often than not, it’s down to you to calculate exactly how much you’ll be charged within the exchange rate itself.

When you’re happy, take a moment to review everything and proceed.

Step 5: Fund your transfer and track its progress

Finally, you need to pay for your transfer. 

Providers usually offer a few options – bank transfer, Google/Apple pay, debit card, and maybe even credit card. With some providers, fees can vary depending on how you pay, so choose wisely. 

Once you've funded the transfer, you'll get a confirmation message. 

You can often track your transfer online or with an app, keeping you in the loop until your money arrives.

Sydney Opera House

How much does it cost to send money from the USA to Australia?

The cost of an international transfer is determined by two main factors:

  • Fixed payment fees
  • Exchange rate markup / variable fees

Different providers offer different payment fees and mark-ups on the exchange rate. Thus, how much you pay is largely down to who you choose to handle your transfer.

First, let’s look at payment fees.

As a general rule of thumb: 

  • Banks and remittance companies charge high payment fees
  • Money transfer apps charge low payment fees 
  • Currency brokers charge no payment fees

So, you’re looking at anywhere between $0 and $50 in transfer fees, depending on your provider. These fixed fees quickly start to add up if you make frequent international transfers, but they’re just a small part of the overall equation.

The much more costly element is the exchange rate markup, sometimes presented as a variable fee. Calculated as a percentage, it increases with the amount transferred and often dwarfs the payment fee.

Comparing quotes is the most important thing to see who comes out on top but you can use these as a guide:

Money Transfer ProviderGuideline Margin
Bank2.5%+
Currency broker0.15% - 2%
Money transfer app0.4% - 1.2%
Remittance company0.8% - 4%

Based on 1000, you stand to lose roughly 1.5 to 50 in the exchange rate markup.

For large volumes, you could save thousands by choosing the right provider.

Cheapest way to transfer money from the USA to Australia

The cheapest way to transfer money from the USA to Australia depends on how much you’re sending.

If cost is one of your primary concerns, it’s always best to avoid these providers in almost every scenario:

  • Traditional banks
  • Cash pickup services
  • Digital wallets (for instance, PayPal)

Going down any of these routes can easily see you lose 5%+ of your transfer.

This is what we’d recommend instead.

For transactions exceeding $12,000, the cheapest way to send money from the USA to Australia is usually via a currency broker.

Brokers excel in handling large sums. They offer attractive exchange rates with no fees, plus a dedicated account manager to navigate you through the process.

But, you’ll get less favourable exchange rates for small amounts.

Therefore, for transactions below $12,000, money transfer apps are your best bet.

The process is entirely self-service, without personal assistance. While most apps offer competitive rates, they typically include small fees.

The phone screen with transfer app.
Save money with a money transfer app or currency broker

How long does it take to transfer money from the USA to Australia?

Timings can vary, but you’re generally looking at 2-4 working days to send money from the USA to Australia.

It's all about the timezones and parties involved. When there’s a significant crossover of working hours, it’s more likely your transfer will reach its destination on the same day.

Likewise, the less companies touching your transfer, the less hold ups there are. Transfers over the SWIFT network often involve ‘intermediary banks’, so you’re not just waiting for the sending and receiving party to do their part.

Overall, banks tend to be the slowest route.

Using a specialist money transfer service can speed things up. 

If you send money to another user on the same platform, it’s almost instant. Even when you’re paying an external bank account, some money transfer companies can leverage their local settlement accounts across the globe to improve transfer times.

One final thing to be aware of – speed can also depend on how you pay for the transfer. 

Paying by bank transfer might add time, while a debit card will settle the trade immediately.

What details are required to transfer money to Australia?

When transferring money from the USA to Australia, you'll likely need:

  • Destination SWIFT/BIC
  • Beneficiary details (account number, name + address)
  • 6-digit BSB Code

Like the USA, Australia does not use an IBAN format, which helps to route international payments to specific accounts. 

Every Australian bank will have its own unique SWIFT/BIC which is key for any international transfer made over the SWIFT network.

Here are the SWIFT codes of the five largest Aussie banks:

BankSWIFT/BIC
ANZANZBAU3M
Commonwealth BankCTBAAU2S
Macquarie BankMACQAU2S
NABNATAAU33
WestpacWPACAU2S

By combining a bank’s SWIFT code with the beneficiary account details and BSB code (the Australian equivalent to a routing number), all the required information is there to successfully route payments to an Australian account.

Best way to transfer money from the USA to Australia in 2024

When it comes to money transfers, there is no one-size-fits-all solution. Your decision hinges on your personal preferences and necessities.

Be it service quality, security, speed, or affordability, selecting a provider that aligns with your criteria is crucial. Embarking on a comparison journey to discover your 'ideal method' is highly recommended.

Keep in mind, we constantly update our database. This comparison was last updated on July 16, 2024. The cheapest provider for transfers from the USA to Australia today might not be the same tomorrow.

If you’re concerned about security, take comfort in knowing that every provider listed on MoneyTransferAustralia is reputable, regulated, and secure. Regulation is key - it’s synonymous with safety in usage.

Our comparison tool further allows you to evaluate the speed, rates, and fees of each provider.

Begin your comparison below.

FAQs

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How to send money to Australia