Top 10 Money Transfer Services - Australia
Advertiser Disclosure
Advertiser Disclosure
|
Service
|
Features
|
Score
|
Transfer Money Now
|
||||
|---|---|---|---|---|---|---|---|
|
Experts in high vol. transfers
1
|
Great rates for AUD-USD/GBP/NZD
Personal account manager for large tran.
Advanced risk mitigation tools
Transfer speed: within minutes |
AUD
-
USD
Low
AUD
-
GBP
Low
AUD
-
INR
Med
|
ASIC, AUSTRAC
|
||||
|
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
|
|||||||
|
2
|
Specializes in trades over £/€/$2000
Dedicated account manager
5 star award winning service |
AUD
-
GBP
Low
GBP
-
AUD
Low
AUD
-
NZD
Low
|
FCA, ASIC, MAS
|
||||
|
Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Local branch,
based at Gold Coast
Phone
Support
24/7 Online
transfers
|
|||||||
|
3
|
No fees on transfers over £/$/€250
Transfer speed: 1-2 hours |
AUD
-
USD
Low
AUD
-
EUR
Low
|
FCA, FinCen, ASIC
|
||||
|
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
Money Transfer
Tracking
Live
Rates
Advanced
Currency Solutions
|
|||||||
|
Ideal for transferring home
4
|
Great rates for AUD-THB/NPR/FJD
Low fees: 0-1$, no minimum transfer |
AUD
-
THB
Low
AUD
-
INR
Low
AUD
-
PHP
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
|
|||||||
|
5
|
Pay & get paid with a global account
Transfer Money in 55+ Currencies |
AUD
-
NZD
Med
|
FCA, ASIC
|
||||
|
6
|
For new customers: 10 Free Transfers
Get support by phone or via email |
AUD
-
GBP
Med
|
ASIC, CBI
|
||||
|
7
|
The app is very useful
Good customer service |
AUD
-
USD
High
|
FCA
|
||||
|
8
|
Fast & easy service
Charges £10 for all transfers under £3k |
AUD
-
USD
High
|
FCA
|
||||
Latest Reviews
"Couldn't believe how fast the transfer was to New Zealand, my money was transferred and there within an hour. Plus the service made everything so easy. Much better rates as well"
Pros
-
No Fees on transfers above 5k
-
Highly competitive exchange rates
-
Highly responsive accounting manager
- Ideal for Relocating your funds to/from AU
-
Fully licensed and regulated by Australian authorities (ASIC)
Cons
- Registration is required before any exchange rates can be seen
- Send and receive transfer methods are limited to bank to bank transfers
- FAQ section does not provide information on supported countries, currencies, or rates
"Excellent professional and speedy service. I recommend it highly and would use again."
Pros
- Excellent exchange rates with no transfer fees
- Transfer 24/7 online, by phone or through the app
- No transfer limit over the phone
- Multiple award-winning money transfer services (2016-2022)
- Specializes in larger trades (£2000+)
Cons
- Transfer limit of £25,000 online or on the app
- Less competitive on lower value trades (below £2000)
"After many hours of researching my best options for funding my daughter's overseas tuition, I went with XE.com and I am very satisfied with the cost being minimal and the process expedient."
Pros
- Fully regulated by the FCA, FinCen, ASIC, and FMA.
- $0 fees per transaction with highly competitive “mid-market” exchange rates
- Free accounts (personal & business)
- 139 currencies to over 220 countries and territories
- Instant and professional customer support 24/7
Cons
- Cheques and cash payments are not accepted
- Maximum transfer amount of US$500,000 (or currency equivalent)
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.
