Top 10 Money Transfer Services - Australia

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Available on:
1
Transfer Fees: Low
2
Transfer Fees: Low
3
Transfer Fees: Low
4
Transfer Fees: Low
5
Transfer Fees: Med
6
Transfer Fees: Med
7
Transfer Fees: Med
8
Transfer Fees: Med
Service
Features
Charges
Score
Regulation
Transfer Money Now
1
Low fees and exchange rates
Door to door cash delivery option
Instant transfers to mobile money accounts
Cash pick-up in minutes
AUD
-
PHP
Low
AUD
-
NGN
Low
AUD
-
EUR
Low
FCA
Time to Open Account
A few minutes
Sending Options
Bank Account
Mobile App
Receiving Options
Cash pickup
Bank transfer
Mobile money
Airtime top up
Door-to-door
Required Documents
ID Documentation, Proof of Address
Mobile/App
Transfers
Social Media
Support
SMS/email
Notification
32,930 Reviews | Excellent
2
No transfer fees & Same day transfer
Most transfers occur within minutes
Conversion to any currency
AUD
-
INR
Low
AUD
-
PHP
Low
ASIC, FCA, FinCen
Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card
Bank Account
Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Mobile
Transfer
Phone
Support
Advanced
Currency Solutions
33,673 Reviews | Excellent
3
No fees on all size transfers
Send money to 200+ countries
AUD
-
INR
Low
AUD
-
PHP
Low
92 Review
ASIC
Time to Open Account
A few minutes
Sending Options
Bank transfer
Receiving Options
Bank transfer
Required Documents
ID, Proof of Address
Recurring
Transfers
Phone
Support
24/7
Processing
57 Reviews | Excellent
4
Bank-beating exchange rates
Same-day transfer available
AUD
-
INR
Med
ASIC, CBI
Time to Open Account
A few minutes
Sending Options
Bank transfer
Mobile app
Debit cards
Receiving Options
Bank account only
Required Documents
Passport/ID/Driver’s Licence, Proof of address (eKYC)
Mobile
Transfer
Phone
Support
Payment
Tracking
5
No minimum transfer amount
Same day express transfers
AUD
-
INR
Med
AUSTRAC
6
Instant card-to-card transfers
Send money to over 80 countries
AUD
-
INR
Med
FCA
7
No minimum transfer amount
Good customer service
AUD
-
INR
High
FCA
8
1st Transfer Bonus
Zero-Margin FX Rates
AUD
-
INR
High
ASIC (AU)

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Top10moneytransfer.com is an independent professional comparison site that provides users with free and valuable information on leading money transfer services. Top10moneytransfer.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Latest Reviews

"Long time user. So easy to send money. Works 100%"

March 4, 2019

Pros

  • Low costs incurred in transferring funds
  • Friend referral bonuses available to clients
  • Fully licensed and regulated by the FCA of the UK
  • Multiple options are available to pay for transfers including credit cards, debit cards, prepaid cards, e-wallets and others

Cons

  • A little difficult to find information on exchange rates before you transfer funds
  • Transfer amounts are limited
  • Not all countries are covered by WorldRemit services
  • Customer service options are limited

"Never ever faced a problem with WU,i'm using it for the last 5 years amd never faced a single problem."

Dec 11, 2018

Pros

  • Cash pickup available worldwide
  • Multitude of money transfer forms
  • Established company with 160 years in the industry
  • Operates across hundreds of countries in over 130 currencies

Cons

  • Takes time to receive money
  • Not the most cost-effective way to send money abroad
  • Other companies offer more savings than Western Union

"I would have given 5 stars if the BBPay was more simple. All other experiences with InstaReM were always flawless. I would always go back to InstaReM."

March 1, 2019

Pros

  • Extremely well-priced money transfer services
  • Competitive exchange rates.
  • Fast transfer of currency, generally within one business day of funding the transfer
  • Fully regulated & licensed
  • Safe and secure money transfers

Cons

  • The least you need to transfer is $50
  • A transaction fee of 0.75% applies to all money transfer transactions from India.
  • Do not accept any cash, cheques or third-party payments.

How to Compare Money Transfer Services

Top10MoneyTransfer recommends checking the following features when comparing online money transfer companies so you can find the best provider for your international transfer.

Safety

Check your chosen money transfer provider is regulated by a government authority, to ensure your money is safe & protected when transferred. The main regulators include:

– FCA (Financial Conduct Authority), UK

– ASIC (Australian Securities and Investments Commission)

– FinCEN (Financial Crimes Enforcement Network), USA

Fees & Rates

Some money transfer services charge a fixed transaction fee, others take a percentage of the transfer sum, while some services waive the transfer fee completely. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully. Consider the above to find the most cost-effective solution for your transfer.

Customer Support

Check the customer support channels available are convenient for you. These generally include email, online chat, phone or online ticketing system. In addition, some money transfer services provide a personal account manager to assist with special transactions and important tasks. Try checking this beforehand, to avoid stress when you need help.

Sending & Receiving Options

It’s important to confirm the sending options offered by your preferred money transfer provider are convenient for you. You should also ensure that your recipient is able to easily collect the money sent. Common sending options include bank transfer or credit card. Common receiving options include bank transfer and cash pickup.

Transfer Amounts

Another important element to consider is the amount of money you wish to transfer. Some services offer better features and benefits for large transfer amounts or business transfers, while others better handle small transfer amounts or cash transfers. Use our comparison table to determine which provider best suits your money transfer needs.

Transfers from Australia

Safety

ASIC, the main regulatory financial authority in Australia, is responsible for monitoring activities of Australia based financial services. It is highly recommended to use the services of a company registered and licensed by the ASIC when making a money transfer from Australia.

Ease of Onboarding

Most top-rated Australia based money transfer services offer a completely digital account opening and user-authorization process. Any required proof of ID documents can be supplied digitally, eliminating waiting times. With this option, new customers are able to complete the onboarding process online, in just a few minutes.

Fees and Rates

Australia is at the center of the modern FinTech industry, hence you can find a lot of different money transfer services to choose from. This gives users the option to use a service that charges minimal or no transaction fees combined with fair mid-market exchange rates. You can save on average up to 8 times on rates & fees by using top services like XE instead of a high-street bank such as Commonwealth Bank.

Top 3 Currency Corridors (Australia)

The providers listed in our comparison offer transfers to a wide range of corridors, allowing you to send money to a large list of countries around the world. The most popular corridors from Australia are:

-AUD/EUR

-AUD/USD

-AUD/GBP