Top 10 Money Transfer Services - Australia

All listed services are safe & regulated
Get bank beating rates on your transfer
Fast mobile transfers
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
9
Transfer Fees: High
Service
Features
Charges
Score
Regulation
Transfer Money Now
1
Best service for transfers over $/£/€1,000
No transfer fees & Bank-beating rates
Most transfers occur within minutes
Conversion to any currency
AUD
-
USD
Low
AUD
-
EUR
Low
AUD
-
NZD
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
Mobile
Transfer
Phone
Support
Advanced
Currency Solutions
33,673 Reviews | Excellent
2
No fees on all size transfers
Send money to 200+ countries
Price beat guarantee
AUD
-
GBP
Low
AUD
-
USD
Low
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
3
Bank-beating exchange rates
Same-day transfer available
AUD
-
GBP
Low
AUD
-
EUR
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
4
Dedicated personal account manager
Great exchange rates, no transfer fees
AUD
-
EUR
Med
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
Spot Contracts &
Forward Contracts
Market
Insight
Phone
Support
3,306 Reviews | Excellent
5
Good fit for SMBs
Trusted worldwide since 1998
AUD
-
NZD
Med
FCA, ASIC
6
Instant card-to-card transfers
Send money to over 80 countries
AUD
-
EUR
Med
FCA
7
Low fees and exchange rates
Door to door cash delivery option
AUD
-
EUR
Med
FCA
8
No minimum transfer amount
Good customer service
AUD
-
USD
High
FCA
9
Good fit for medium-large transfers
TrustPilot Best in “Money” category 2016
AUD
-
USD
High
FCA

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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

"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)
  • 170+ countries and 60+ currencies available
  • Instant and professional customer support 24/7

Cons

  • Cheques and cash payments are not accepted
  • Maximum transfer amount of $500,000

"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 money transfers

  • Highly competitive exchange rates

  • Excellent customer support and service

  • SendFX Visa Card with exclusive benefits

  • 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

"I've used it for a few years and it's always been very easy, quick and reliable. Rates are very competitive. Definitely recommend."

Pros

  • CBI, ASIC, AFS MAS and C&E HK regulated
  • Free to register
  • Reliable customer service
  • Average commission of just 0.35%

Cons

  • Certain countries are excluded from using the service

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