Top 10 Money Transfer Services - Australia

All listed services are safe & regulated
Get bank beating rates on your transfer
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
Bank-beating exchange rates
Same-day transfer available
Option to wait & choose your own rate
World-class 24/7 customer support
AUD
-
INR
Low
GBP
-
INR
Low
USD
-
INR
Low
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
2
Low fees and exchange rates
Door to door cash delivery option
Instant transfers to mobile money accounts
AUD
-
PHP
Low
AUD
-
NGN
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
3
No transfer fees
Conversion to any currency
AUD
-
EUR
Med
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
3,442 Reviews | Excellent
4
300,000 cash pick-up locations
Good for sending money home
AUD
-
INR
Low
FCA
5
1st Transfer Bonus
Zero-Margin FX Rates
AUD
-
INR
Low
ASIC (AU)
6
Option of 30 minutes delivery
High security standards
EUR
-
GBP
Med
82
FCA
7
The app is very useful
Good customer service
AUD
-
INR
Med
FCA
8
Transfers in as quick as 15 minutes
350,000 locations in 149 countries
AUD
-
INR
High
FCA

Advertiser Disclosure

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

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

Cons

  • Limited availability, they offer services mainly in Asian countries and Australia. However, they are expanding quickly.
  • 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 uses the following checklist of important things to take into consideration when comparing the different services before making an international money transfer.

  • Safety. The money transfer industry is a highly regulated field, with multiple regulatory agencies and authorities issuing licenses to money transfer companies, including FCA (Financial Conduct Authority), UK, ASIC (Australian Securities and Investments Commission), FinCEN (Financial Crimes Enforcement Network), USA.

There are many more regulatory agencies besides these three examples, and all of them serve the same purpose: to prevent companies from taking advantage of trusting consumers. Make sure to examine the regulation of the chosen service.

  • Fees & rates. Some services charge customers a fixed transaction fee, others take a percentage of the transfer sum, and there are also services that waive the transaction fee completely. Explore the breakdown of fees thoroughly to choose the most cost-effective solution. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully.
  • Customer support. Before clicking on “Send Money”, ask yourself if the customer support is available by phone 24/7 in the event you’re in need of urgent assistance. In addition, some 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. Your goal is to ensure that your recipient is able to easily collect the money sent. Depending on the available sending and receiving locations and the provided services, options will vary. Sometimes a cash pickup is available, sometimes you need to transfer the funds to the recipient’s bank account. Other money transfer services use their own virtual accounts for money transfers. Check the options before sending your money.
  • Transfer amounts. Some services are specifically designed and offer serious benefits for large transfer amounts or business transactions, while others better handle small cash transfers.  In this case, use our comparison table to determine what suits you best.

Transfers From Australia

  • Safety. The ASIC (Australian Securities and Investments Commission), the main regulatory financial authority in Australia, is responsible for monitoring activities of Australian 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.
  • Business and Remittance Transfers. Due to its geographical position, Australia is a strategic business hub for the so-called “Asia-pacific” region, connecting families and companies across the region, thus a leading player in such transfer corridors as Australia to Singapore, India, Malaysia, Philippines, and Vietnam. Some companies like CurrencyFair, WorldFirst, and WorldRemit are well-established service providers with strong expertise in this region.
  • Top 3 currency corridors (AUSTRALIA)- AUD/GBP; AUD/USD; AUD/EUR