Best money transfer services for 2025

Looking for the best provider to send money overseas? Don't worry, we've gone ahead and done the hard work. We've researched providers' fees and compared their exchange rates to come up with our top picks for 6 different transfer options - including large transfers, business transfers and cash transfers. Let's take a look.

• Best for exchange rates: Wise
• Best for small transfers: Revolut
• Best for large transfers: TorFX
• Best for fast transfers: Instarem
• Best for cash transfers: Western Union
• Best for business transfers: Qantas Business Money

Filter Values	Finder Score	Fastest Transfer Speed	Fees (Pay by Bank Transfer)
Wise Most Loved		Finder Score 8.9 Great	Within minutes	From 0.63%	Go to site View details Compare product selection Compare	loading	Best for exchange rates Why we like it It's hard to beat Wise when it comes to exchange rates as it's one of the few providers that give the mid-market rate. This means that the exchange rate you are quoted by Wise is the best possible rate available. Pros & cons Pros Good for transparent fees and no margin on the exchange rate. Cons Not so great if you need to transfer to less-popular currencies.
Revolut		Finder Score 8.7 Great	Within minutes	From 0.15%	Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.	View details Compare product selection Compare	loading	Best for small transfers Why we like it Revolut has an extremely user-friendly app which makes sending money overseas quick and easy. It was the lowest cost provider when we reviewed exchange rates when converting AUD $1,000. It also doesn't have a transfer limit on the majority of major currencies and shows live rates during market hours. Pros & cons Pros Physical and virtual cards Access 40+ currencies Make payments in over 100 countries Cons Fees apply when you send an overseas currency transfer
TorFX		Finder Score 8.7 Great	24 hours	$0	Go to site View details Compare product selection Compare	loading	Best for large transfers Why we like it TorFX is a great option for larger money transfers because there are no transfer fees and you can get more competitive exchange rates when transferring larger amounts. The handy forex tools are also useful. Pros & cons Pros Good for getting a fair exchange rate and avoiding transfer fees Fast AUD/NZD transfers Cons Not so great for transfers under $2,000, where you’ll get a less competitive exchange rate
Instarem		Finder Score 9.1 Excellent	Within minutes	From 0%	View details Compare product selection Compare	loading	Best for fast transfers Why we like it When using Instarem you can expect your money to arrive at your chosen destination within minutes or on the same day - pay with a debit card or credit card for the fastest results. The exact time varies depending on the currencies involved. Pros & cons Pros Good for earning loyalty points and fast transfers. Cons Not ideal for large transfers or recipients without a bank account Zero-margin rates apply only to some currencies at certain times
Western Union		Finder Score 9.5 Excellent	Within minutes	From $0	Get Western Union's best exchange rate and $0 fee on your first online transfer. T&Cs apply.	View details Compare product selection Compare	loading	Best for cash transfers Why we like it If you need to get cash to a loved one abroad then Western Union's massive network of locations is a convenient option. Western Union has around 525,000 agent locations globally in over 200 countries, making it one of the largest money transfer services. Pros & cons Pros Good for sending money to just about everywhere, with options for those without bank accounts $0 fee on first digital transaction Competitive exchange rates Cons An Western Union account must be set up before you can send money
Qantas Business Money		Finder Score	Within minutes	$0	Earn 1 Qantas Point on every $1AUD equivalent converted in foreign currency. T&Cs apply.	View details Compare product selection Compare	loading	Best for business transfers Why we like it Qantas Business Money is powered by Airwallex and helps your business make payments at exchange rates of up to 70% cheaper than traditional banks. There's also a Business Rewards program where you can earn 1 Qantas Point on every $10 equivalent converted. Pros & cons Pros Earn Qantas Points on business currency conversions Competitive conversion rates lower than most banks Make multiple transfers in a single batch Cons Supports only 30+ currencies Additional fee and info needed for CNY

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Methodology: Why we choose these providers

Our top picks are selected out of 26 money transfer services and sorted into 6 specific categories to meet all of your transfer needs. Our editorial team reviews brands according to the most important features for each category and compars them against other providers. We also took into account first-hand experience with providers and additional services we felt were relevant.

When choosing a money transfer service, be sure to consider your own personal objectives, needs and circumstances before making a decision using our top picks. Read our full methodology here to find out more.

• Large transfers criteria

  Features we prioritise:

  • Total cost for bank transfer above $10,000
  • Maximum transfer amount
  • Discounts for larger transfers
  • FX tools to hedge currency risk
  • Dedicated account manager

• Small transfers criteria

  Features we prioritise:

  • Total cost for transfers $1,000 - $9,999
  • Mobile app user experience
  • Easy sign-up process
  • Customer service
  • Coverage
  • Transfer speed

• Exchange rate criteria

  Features we prioritise:

  • No exchange rate markup
  • Exchange rate alerts
  • Multi-currency account

• Fast transfers criteria

  Features we prioritise:

  • Delivery speeds for bank transfers
  • Delivery speeds for cash pickup
  • Offer same-day transfers

• Cash transfers criteria

  Features we prioritise:

  • Number of agent locations
  • Transfer speed
  • Receiving methods
  • Payment methods

• Business transfers criteria

  Features we prioritise:

  • Total cash for bank transfers
  • Forex tools to hedge risk
  • Personal account manager
  • Accounting tool integration
  • Reputation

Top money transfer brands for customer satisfaction in 2025

For Finder's 2025 International Money Transfer Customer Satisfaction Awards we surveyed hundreds of Australians to rate brands based on customer service, features and benefits, fees, speed of transfer, and trustworthiness and reliability. These brands came out on top.

Frequently asked questions

• How do peer-to-peer money transfers work?

  First, you need to select how much money you wish to transfer and where you're sending it. You can then upload your funds to your money transfer provider, which will then convert your money at the mid-market rate and match you with a person sending funds in the opposite direction.

• How do I compare peer-to-peer money transfer services?

  You'll need to take the following features into account when comparing peer-to-peer money transfer services.
  Exchange rates. The exchange rate is a very important factor when determining how much money you can save, so look for the company that offers the best rates. However, keep an eye out for companies that suck you in with great rates, but then slug you with high fees.
  Fees. Make sure you're aware of all the fees attached to your transaction. Does the company charge a flat fee or is it a percentage based on the amount you're transferring? Is the fee waived entirely if you transfer more than a certain amount?
  Minimum and maximum transfer amounts. You'll need to check how much a company will allow you to transfer since minimum limits might be too high for some and maximum limits may be too little for others.
  Transfer methods. Compare whether you can only lodge your transfer online or whether there are phone and in-person options available as well.
  Other extras. Compare whether providers allow you to lodge forward contracts, meaning you lock in an exchange rate for a transaction that will occur at a later date, or limit orders, which is where you lock in a minimum exchange rate and the transaction is not completed until the market fluctuates and your chosen rate is available.
  Customer service. Is the company known for providing excellent customer assistance? Is there an online help centre and live chat available? Can you email or phone for support and what are the hours that each provider's support centre is open?
  What currencies are available? You'll need to compare which currencies each provider offers and which destinations you can send money to.

• Are there any risks with peer-to-peer money transfers?

  When you're making an international money transfer, it's important to keep an eye out for exchange rates and fees. Poor exchange rates can eat up a big chunk of your money if you're not careful, while hidden fees can be a nasty surprise if you don't read the fine print before lodging a transfer. It's also essential that you ensure you are dealing with a reputable company. Do your research before you commit yourself so that you don't end up the victim of a dishonest provider.

To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten as part of our fact-checking process.

Written by

Sarah Megginson

Personal finance expert + media spokesperson

With over 20 years of experience in property, finance and investment journalism, Sarah is a trusted expert whose insights regularly appear across television, radio, and print media, including Sunrise, ABC News, and Yahoo! Finance. She has previously served as managing editor for Your Investment Property and Australian Broker, and her expert advice has been shared in the media over 3,500 times since 2023 alone. Sarah holds a Bachelor’s degree in Communications and a Tier 1 Generic Knowledge certification, which complies with ASIC standards. See full bio

Sarah's expertise

Sarah has written 207 Finder guides across topics including:

• Home loans
• Personal finance
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