Top Money Transfer Providers to Send Money from Australia

Send money overseas with WorldRemit to take advantage of bank-beating exchange rates

Updated Jun 13, 2024

By RemitFinder

If you need to do an international money transfer from Australia, choosing a reputable and reliable money transfer provider is important. There are many money transfer companies available, so it can be difficult to decide which is right for you.

In this blog post, we will present the top money transfer providers for international remittances from Australia. We will discuss their relative strengths and weakness that will span important aspects of international money transfers like transfer fees, exchange rates and many other features.

Our goal is to provide you with the knowledge you may need to help make more informed decision when choosing the best money transfer company for sending money to other countries from Australia.

An image of an assortment of currency bills with the title - Top Money Transfer Providers to Send Money from Australia

What to Look for in Australian Money Transfer Companies?

Before we share our top picks for Australian money transfer companies, let us first discuss what to look for in a remittance provider.

In general, exchange rates and transfer fees are the 2 most important factors to consider when sending money abroad from Australia. That said, there are many others to look into if you want to make the most of your international money transfers.

Pay attention to the following factors when you evaluate money transfer companies:

Exchange rate
Transfer fees
Transfer limit
Payment methods
Delivery methods
Deals, offers and promotions
Transfer speed
Safety and security
Customers ratings, reviews and feedback

There are several factors in addition to exchange rates and transfer fees to compare money transfer companies on.

As you look into the money transfer services offered by various companies, keep an eye on some of the above factors and use them to compare them. This will give you a general framework to be able to weigh the pros and cons of the companies you consider for sending money overseas from Australia.

An image of the Sydney opera house in Australia near body of water daytime photo

Now that you know various important comparison parameter for money transfer companies, let's look at some of the top providers to send money from Australia.

What are the Best Money Transfer Companies to Send Money Overseas from Australia?

Here are our top picks for money transfer companies that operate out of Australia and can help you move money overseas.

Revolut

Revolut is a robust financial company that provides numerous financial products and services that their customers can take advantage of. With the Revolut app, you can do a variety of activities like saving and investments, banking, make purchases, and much more.

Of course, you can also send money internationally from Australia with Revolut. You will get highly competitive exchange rates that will enable you to purchase more foreign currency with your Australian Dollars.

Revolut's transfer fees are transparent and there are no sending limits. This makes it a great choice to send money from Australia if you are planning a big purchase or investment overseas. You also have umpteen flexible ways to fund your money transfer with Revolut.

One of the best parts to sending money with Revolut from Australia is an exclusive and attractive promotion for RemitFinder users whereby you can get an AUD 15 credit as a new user.

Airwallex

Airwallex is a financial platform for businesses with a strong focus on making international money transfers and payments easier, cheaper and faster for global businesses that need to deal with multiple currencies.

One of the highlights of Airwallex is a completely transparent exchange rate and transfer fee system. If you are sending money or making payments in AUD, CAD, CNY, CHF, EUR, GBP, HKD, JPY, NZD or SGD, you will pay an FX markup of 0.5%. For other currencies, the markup is 1.0%.

With a global reach spanning hundreds of countries and all the major currencies of the world, Airwallex can be a great partner to drive your B2B payments to the next level. The platform also comes with numerous integrations and added services to help your business get maximum value from your Airwallex business account.

Send

Headquartered in Queensland, Australia, Send was founded in 2018 and has been growing rapidly since then. Till date, Send has already processed more than AUD 1 billion in international money transfers, and has customers in more than 100 countries.

With Send, you can send money to over 200 countries worldwide in more than 40 different currencies. Whether you want to make personal or business payments, Send has you covered with efficient and seamless money transfers from Australia.

Send provides highly competitive exchange rates, and does not charge any transfer fees. This makes send a great partner to rely on when you want to send money abroad from Australia.

XE Money Transfer

With more than 25 years of experience in the international money exchange world, XE excels in helping you move your money around the globe. You can trust this veteran company to help with any currency conversion needs with no hidden fees.

As part of their services, XE also provides a wealth of up-to-date market information and price histories on foreign currencies so you always know what's going on in the market whenever you send or receive funds.

Not only does have XE low, and often no, transfer fees, but there's also no minimum transfer amount. Plus, their friendly customer service is always available if you need it.

Additionally, XE consistently gets very good customer reviews and feedback. Finally, setting up your XE account takes just moments, so there is no reason to not give this company a try.

Wise (formerly TransferWise)

Wise makes sending money abroad a breeze, and you will get highly competitive exchange rates with them. Their exchange rate is generally very close to the interbank exchange rate – this means you will make more for your money transfer.

Wise does charge transfer fees, but they are fully transparent with no hidden fees or charges to worry about. With very good exchange rates, Wise could be cheaper option to send money overseas as the better exchange rate helps to offset fees.

With just a few clicks, you can easily transfer money from Australia to anywhere in the world with Wise. Plus, you can pay for your international remittances with cards or direct bank transfer at no extra cost.

Wise customers seem to really like their money transfer service as evidenced by impressive ratings on Trustpilot.

Instarem

Instarem was established in Singapore in 2014, and has grown by leaps and bounds since then. As part of their continued global expansion, they allow customers to send money overseas from Australia to more than 50 countries.

One of the best things about Instarem is their highly competitive exchange rates and low, transparent fees. With an FX Markup generally under 1% and fees around 0.25% to 1%, you will certainly get a very good return on your money with Instarem.

Instarem also allows you to send unlimited amounts to many countries, making it a great choice for large money transfers. Additionally, many Instarem money transfers are instant. Finally, a wide array of payment and delivery methods provides a ton of flexibility.

Given all these strengths that Instarem offers, you should definitely take a closer look at them if you wish to send money from Australia.

Panda Remit

Panda Remit is an innovative online-only money transfer company established in 2018 in Hong Kong, and helps customers send money overseas from Australia to more than 40 countries.

With very low FX Markups that help you get very competitive exchange rates, Panda Remit strives to make your international money transfers cost-effective. Couple with low, transparent fees, you can make even more on your international remittances with them.

Finally, Panda Remit and RemitFinder have teamed up to provide you many attractive deals and offers that further help you save more on your Australian money transfers. Check them out on RemitFinder to see what promotions are currently available.

MoneyGram

MoneyGram is a global brand that needs no introduction, and using their international money transfer services, you can send money from Australia to virtually anywhere in the world. This is because of MoneyGram's comprehensive country and currency coverage.

MoneyGram's exchange rates tend to be competitive, but there can be a lot of variation from country to country. We, therefore, recommend regularly monitoring their rates close to when you are ready to send. Also, use electronic payment and delivery methods to save on transfer fees.

One of the biggest advantages of using MoneyGram for your Australian remittances is speed. MoneyGram bank transfers can finish within 1 business day, and cash pickup transfers are usually available instantly.

Finally, with an established global brand of MoneyGram's repute, you can rest assured that the safety and security of your funds as well as confidential information are given the utmost importance.

WorldRemit

WorldRemit is another popular international money transfer company with more than 10 years' experience in moving money overseas. You can send money with them from Australia to more than 130 countries worldwide.

One of the key strengths of WorldRemit is transfer speed. Most WorldRemit money transfers are either instant or finish within 1-2 business days. This makes them a great choice for scenarios where you need to send money overseas quickly.

With a huge variety of payment and delivery methods to choose from, you and your recipient will never be out of options with WorldRemit. Need to pay with a local payment method, or your recipient does not want to share bank details? No problems as you can proceed with numerous other flexible WorldRemit payment and delivery options.

OFX

OFX is an Australian international money transfer company with almost 25 years' experience in cross border payments. You can, therefore, never go wrong with OFX.

OFX money transfers from Australia can be sent to more than 170 countries worldwide in more than 50 global currencies. With such comprehensive coverage, the chances that your destination country is not supported by OFX are really low.

OFX provides competitive exchange rates and transparent fees. There are no sending limits and OFX moves your money overseas within a few business days. There are also many payment options available including local payment methods.

A unique feature of OFX is the ability to make direct payments from overseas to both the Australian Taxation Office (ATO) as well as to New Zealand's Inland Revenue Department (IRD). This is a huge plus for overseas Australians who need to pay the ATO, or Australian residents who need to pay the IRD in New Zealand.

These are some of the best and most reputable money transfer companies to send money from Australia. Now that you know their relative strengths, you can evaluate them to see if they are a fit for your money transfer needs.

Even though these companies are great for sending money overseas from Australia, there are still other great providers you should look at. Some of these include the below:

As you can see, you have umpteen choices to send money from Australia. Whilst this is great news as choice is good, it also presents a problem. How do you decide which company to go with?

One easy way to compare these providers side by side it to rely on RemitFinder's online remittance comparison tool. This helps you see the pros and cons of various money transfer companies next to each other, and can prove helpful in your research to pick the best one for your needs.

What are the Most Popular Destinations to Send Money from Australia?

There are many foreigners and expats settled in Australia from all over the world. All these people need to send money back home to their families. Coupled with that, Australians work, study and travel overseas and hence also need to move money overseas regularly.

Given the above, money transfers are sent from Australia to literally all over the world. Despite that, below are some of the most popular global destinations to send money from Australia:

These are just some of the popular destinations that Australian residents and expats send money to. In case your destination is not listed above, you can simply search for your country combination on RemitFinder to see which money transfer companies support your target country and currency.

Conclusion

There are a lot of choices to send money overseas from Australia. In fact, there are so many money transfer operators supporting Australian remittances that it may seem overwhelming at first to decide who to pick.

We hope that our analysis of the top most money transfer companies in Australia has provided you with a deeper perspective on these companies. This should hopefully prove helpful to your research into these providers, and help you decide who to go with.