Top10MoneyTransfer is a free online resource created to help users find the information they need to make confident decisions. We invest significant time and effort into researching and presenting content in a clear and accessible way.
That said, the information on this site should not be seen as a personal recommendation. Our content is subjective and reflects our own editorial choices, which means it may sometimes be incomplete or contain inaccuracies. We encourage you to double-check details - and we always welcome your feedback.
We’re able to keep this resource free thanks to referral fees we receive from the companies featured. Because of this, reviews, rankings, and product information should be viewed as advertising content. That said, we work hard to keep the information accurate and useful so you can make confident decisions. You can find more information here.
Top 10 Money Transfer Services - Australia
All listed services are safe & regulated 
Get bank beating rates on your transfer
Fast mobile transfers
Available on:
Real-time customer support
1
Optimised for high-value overseas transfers
Dedicated account manager for large transfers
Dedicated account manager for large transfers
2
Multi-currency support for transfers worldwide
Transparent pricing with no hidden costs
Transparent pricing with no hidden costs
3
P2P exchanges for 20+ currencies
Multilingual support by phone / email
Multilingual support by phone / email
Advertiser Disclosure
Top10MoneyTransfer is a free online resource created to help users find the information they need to make confident decisions. We invest significant time and effort into researching and presenting content in a clear and accessible way.
That said, the information on this site should not be seen as a personal recommendation. Our content is subjective and reflects our own editorial choices, which means it may sometimes be incomplete or contain inaccuracies. We encourage you to double-check details - and we always welcome your feedback.
We’re able to keep this resource free thanks to referral fees we receive from the companies featured. Because of this, reviews, rankings, and product information should be viewed as advertising content. That said, we work hard to keep the information accurate and useful so you can make confident decisions. You can find more information here.
That said, the information on this site should not be seen as a personal recommendation. Our content is subjective and reflects our own editorial choices, which means it may sometimes be incomplete or contain inaccuracies. We encourage you to double-check details - and we always welcome your feedback.
We’re able to keep this resource free thanks to referral fees we receive from the companies featured. Because of this, reviews, rankings, and product information should be viewed as advertising content. That said, we work hard to keep the information accurate and useful so you can make confident decisions. You can find more information here.
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Service
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Features
|
Score
|
Transfer Money Now
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Real-time customer support
1
|
Optimised for large overseas transfers
Advanced risk-management tools
Transfers completed within minutes
Ideal for regular business payments |
AUD
 GBP
Low
AUD
NZD
Low
AUD
INR
High
|
ASIC, AUSTRAC
|
Over 4,544 people chose this site today
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Time to Open Account
Up to 3 minutes
Sending Options
Bank transfer
Receiving Options
Bank transfer
Required Documents
ID, proof of address
Recurring
transfers
Phone
support
24/7
processing
|
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|
2
|
No transfer fees & best-rate guarantee
Multi-currency support for global transfers
Flexibility to send when rates are optimal |
AUD
 NZD
Low
AUD
EUR
Low
AUD
GBP
Low
|
FCA, ASIC, MAS
|
||||
|
Time to Open Account
Up to 3 minutes
Sending Options
Debit card
Bank transfer Receiving Options
Bank account
Required Documents
Photo ID
Proof of address Local branch,
based at Gold Coast
Phone
Support
24/7 Online
transfers
|
|||||||
|
3
|
Five free transfers for new customers
Get support by phone or email |
AUD
GBP
Low
AUD
EUR
Low
|
ASIC, CBI
|
||||
|
Time to Open Account
A few minutes
Sending Options
Bank transfer
Mobile app Debit card Receiving Options
Bank account only
Required Documents
ID: Passport/driver’s licence
Proof of address (eKYC) Xero integration
(business)
Phone
support
Payment
tracking
|
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|
4
|
Great rates for AUD-INR/PHP/NPR
1st Transfer Bonus |
AUD
INR
Low
AUD
PHP
Low
|
ASIC (AU)
|
||||
|
Time to Open Account
A few minutes
Sending Options
Debit/Credit Card
Wire Transfer Bank Account Mobile App Receiving Options
Debit/Credit Card
Wire Transfer Cash pickup Bank transfer Mobile money Required Documents
ID Proof, Proof of Address
Money Transfer
Tracking
SMS/email
Notification
Bonuses &
Rewards
|
|||||||
|
5
|
Global support team available 24/7
No maximum limits on transfers |
AUD
NZD
Med
|
FCA, ASIC
|
||||
|
Time to Open Account
Up to 5 min
Sending options
Bank Account
Wire Transfer Debit Card Receiving Options
Bank Account
Required Documents
ID Card, Proof of Address
Additional requirements for Businesses Bank-beating
rates
Secure
platform
No hidden
fees
|
|||||||
|
6
|
No fees on transfers over £/$/€250
Transfer speed: 1-2 hours |
AUD
USD
Med
|
FCA, FinCen, ASIC
|
||||
|
Time to Open Account
Up to 2 minutes
Sending Options
Bank account
Debit or credit card Wire transfer Receiving Options
Bank account (up to 4 days)
Required Documents
ID, proof of address
Money Transfer
Tracking
Live
Rates
Advanced
Currency Solutions
|
|||||||
|
7
|
Minimum transfer: none
Instant cash collection & airtime top-ups |
AUD
INR
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
|
|||||||
|
8
|
Holds more than 50 currencies
Cost-effective for small transfers |
AUD
IDR
High
|
FCA
|
||||
|
Time to Open Account
A few minutes
Sending Options
Bank account
Credit/debit card PISP SWIFT Google Pay / Apple Pay Receiving Options
Bank account
Required Documents
ID documentation
Proof of address Travel money
Mobile/app
transfers
Multi-currency
card
|
|||||||
|
9
|
Fast & easy service
Charges £10 for all transfers under £3k |
AUD
USD
High
|
FCA
|
||||
|
Time to Open Account
A couple of minutes
Sending Options
Mobile App
Debit Card (Visa/Mastercard) Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
|
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Customer Experiences
"My Send account was quick and easy to set up. The transaction process was very fast and my supplier had the funds in his bank account faster that I could expect using a bricks and mortar bank."
- R.M., verified Trustpilot review
Pros
- No fees on transfers over A$5K
- Highly competitive exchange rates
- Highly responsive account manager
- Ideal for relocating funds to or from Australia, or for large purchases
- Fully licensed and regulated by Australian authorities (ASIC)
Cons
- Registration is required before exchange rates can be viewed
- Transfer methods are limited to bank-to-bank only
- The following currencies are not supported: PHP, INR, MYR, KES, IDR, UGX, and BGN
"TorFX is my go-to any time I want to send money to family abroad. The process is easy, the rates are great, and the personalised service provided by your named account manager gives peace of mind."
- Julie Ferguson, verified Trustpilot review
Pros
- Multiple award-winning money transfer services (2016-2022)
- Excellent exchange rates with no transfer fees
- Transfer 24/7 online, by phone or through the app
- No transfer limit over the phone
- Specializes in larger trades (£2000+)
Cons
- Transfer limit of £25,000 online or on the app
- Less competitive on lower value trades (below £2000)
"Now my recurring transaction is up and running and my funds are paid in by standing order all I have to do now is nothing which is perfect. I also find it very easy to add recipients who I pay randomly and without problems."
– Philip Wood, verified Trustpilot review
Pros
- Regulation: CBI, ASIC, MAS and C&E HK regulated
- Reliable customer service with native speakers in EN, DE & FR
- Average commission of just 0.35%
- Refer friends to CurrencyFair and you could earn €50 each
- Currency exchange: no minimum or maximum amount
Cons
- Sign-up is restricted in certain countries
- Transfers can only be funded by bank transfers (no credit cards)
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.
