What's the best international money transfer company? | Finder

Best international money transfer companies

We found the best companies for 4 different types of international money transfers.

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Looking to get the best rates and lowest fees when sending money out of Australia? With so many options, there isn't one best service for everyone.

To help you make a decision, we've done the hard work for you. We examined the fees, features and exchange rates of more than 30 companies to see which ones came out on top, from your local bank to the money transfer specialists.

How we chose these services

Top picks are our selection of some of the best money transfer products and services on Finder, but we haven't compared every brand in the market. We've included them on some pages to help you make decisions faster, but keep in mind that our top pick may not always be the best fit for you. Read our full methodology here to find out more.

Which transfer company should I choose?

The best company for you depends on what you're looking for. These are the most popular features people are after and our 2021 picks for the best service. You can read more about each of them, and why we chose them, further down the page.


Best for large transfers: TorFX

Why TorFX? TorFX offers fee-free transfers and has a price-match guarantee on its exchange rate, making it very competitive. It's good for sending large amounts because there's no maximum limit. You'll also get access to plenty of forex tools. Use the table below to see how much TorFX could cost you for your next transfer or read our full review.

What we like

  • Fee-free transfers.

TorFX makes money from the margin added to the exchange rate, but you won't be charged any extra fees.

  • Price-match guarantee.

If you get a better quote from another company, TorFX will price-match it. This is handy if you're worried about the margin added to the exchange rate.

  • Forex tools.

You can create forward contracts to lock in today's exchange rate or a limit order so your money will only be transferred when your preferred rate is reached.

What to watch out for

  • Limited currencies.

TorFX offers a lot of major currencies like the Philippine peso and the US dollar, but is missing other popular currencies like the Chinese yuan.

  • Only allows bank-to-bank transfers.

This means you won't be able to pay for the transfer by card and your recipient will need a bank account to get the money.

  • Best for transfers over $2,000.

You'll get the most out of your transfer with TorFX if you're sending over $2,000, since the exchange rates get better the more you send. If you're sending less than that, you might want to look elsewhere.

Do I need to be worried about tax and regulations when sending large amounts of money overseas?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.764 USD
7,645
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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Best for sending small amounts: XE

Why XE? XE, most well-known for being the place to check exchange rates, offers international money transfers in more than 40 different currencies. XE doesn't charge any fees and offers competitive exchange rates, which makes it one of the best international money transfer companies for sending smaller transfers around the globe.

What makes XE even more appealing is the $1 minimum transfer amount and decades of operation, so you know your money will reach its destination, no matter how small the transfer. To get an idea of how much your transfer with XE could cost use our comparison calculator below or learn more about how it works in our XE review.

What we like

  • No fees on transfers.

XE doesn't charge any transaction fees, commissions or ongoing fees to keep your account open.

  • Competitive rates.

When sending a transfer with XE you'll be offered a competitive rate slightly above the mid-market rate. XE often shows what banks would charge for the same transfer to give you an idea of how XE stacks up against the competition.

  • Fast transfers that can be sent 24/7.

Because XE allows online orders you can send money any time, and international money transfers are often received on the same day.

What to watch out for

  • Limited currencies.

XE doesn't support all major markets, so be sure to check that the destination you want to send to is supported.

  • Only allows bank-to-bank transfers.

This means you won't be able to pay for the transfer by card and your recipient will need a bank account to get the money.

  • No cash pick-up.

XE transfers must be delivered to a bank account, your recipient cannot choose to pick up cash when receiving the transfer.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Same day AUD 0.00 0.764 USD
7,637
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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Best for fast transfers: Remitly

Why Remitly? While there are other services that provide lightning-fast transfers – like Western Union or MoneyGram – they tend to add more fees to your transfer, so we wouldn't recommend them as the first place you look at.

The table below can show you what your transfer with Remitly might look like. You can also check out our full review.

What we like

  • Express option sends money in minutes.

Your recipient will receive money almost instantly if you pay by card. Keep in mind, there is an additional fee for this service.

  • No verification process for small amounts.

If you're sending under $2,999, you won't need to provide any ID or wait for Remitly to verify you the first time you make a transfer.

  • Cash pick-up and delivery available.

In some countries, you can send to a cash pick-up location or even right to your recipient's door.

What to watch out for

  • You have to be approved to send more money.

Remitly works on a tier system, so if you want to send more than $2,999 there are a few more hoops you'll have to jump through.

  • Higher fees for the express service.

It'll be fast, but you'll have to pay for it.

Other providers that offer emergency money transfers

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 10 Within an hour AUD 2.99 36.855 PHP
36,745
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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Best for cash transfers: WorldRemit

Why WorldRemit? WorldRemit offers the widest range of delivery options out of the companies we compared. It also sends money to a lot more countries than the industry average, putting it a step above its competitors.

The table below can show you what your WorldRemit transfer might look like. You can also read more about how WorldRemit works in our review.

What we like

  • Competitive exchange rates.

While MoneyGram and Western Union are well-known for cash pick-ups, WorldRemit generally offers a better exchange rate. This is because of the margin other companies add to the mid-market rate, which can be whatever they decide to cover their own fees.

  • The recipient doesn't need a bank account.

You can send to your recipient's mobile wallet, a cash pick-up location near them or even to their door in some countries.

  • Good for small transfers.

WorldRemit has no minimum transfer amount.

What to watch out for

  • Low maximum transfer amount.

For bank account transfers, you can send up to $50,000, but if you're paying by card, you won't be able to send more than $5,000 at a time.

  • Mobile credit top-up is the only option in some countries.

If you want to send to a cash pick-up location, mobile wallet or bank account, make sure WorldRemit allows it for your destination.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Same day AUD 3.99 0.765 USD
762
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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Still looking for other options?

Check out the table below to see some other money transfer specialists and what they can offer.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 0.762 USD
7,620
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.764 USD
7,645
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.764 USD
7,645
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.764 USD
7,645
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.764 USD
7,645
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 52.00 0.764 USD
7,597
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.759 USD
7,589
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.764 USD
7,637
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.767 USD
7,629
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details