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."
Brenda - October 24, 2018
Pros
Fully regulated by the FCA, FinCen, ASIC, and FMA.
$0 fees per transaction with highly competitive “mid-market” exchange rates
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 isanother 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 thecustomer 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