Exchange4Free Review: Send money to 100+ countries with no fees | Finder

Exchange4Free money transfers

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Send money to more than 100 countries around the world without paying transaction fees when you send an international money transfer with Exchange4Free.

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When you send money overseas, one of the major expenses you need to consider is the transaction fee charged by the transfer provider. But when you send an international money transfer with Exchange4Free, you do not have to pay any fees or commissions on your transaction.

USD 100

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

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Details

Product NameExchange4Free International Money Transfers
Min. Transfer AmountUSD 100
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer OptionsOne off payments, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Chat, Email, Branch
Available CurrenciesAED, ARS, AUD, BYN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, INR, JPY, LKR, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PLN, RUB, SEK, SGD, THB, USD, XAF, XOF, ZAR

Exchange4Free exchange rates

Exchange4Free promises to provide bank-beating exchange rates on all transfers. The exchange rates it offers are based on the interbank rate, to which Exchange4Free adds an unspecified margin. To see how the margin imposed by Exchange4Free stacks up against other transfer providers, obtain multiple quotes from different money transfer companies and compare the results.

Exchange4Free also offers a Best Price Guarantee, promising to beat the quotes of any other providers. Simply phone an Exchange4Free FX dealer to get an exchange rate quote for your next international money transfer or use the quick “Request a Quote” feature on the provider’s website.

How much does it cost to transfer money with Exchange4Free?

As its name implies, Exchange4Free does not charge any fees when you send an international money transfer. This means there are no fees regardless of how much you transfer, and there are no hidden charges to worry about.

Instead of charging fees, Exchange4Free makes a profit on the margin it adds on top of the interbank exchange rate at which it buys currency.

Minimum transfer amount and available countries

The minimum amount you can transfer with Exchange4Free is US$100 or an equivalent amount in other currencies.

Exchange4Free lets you send money from Australia to more than 100 countries around the world, the full list of which is available on the provider’s website. It also offers support for over 60 global currencies, including:

  • AUD
  • USD
  • EUR
  • GBP
  • ARS
  • XOF
  • XAF
  • CAD
  • CZK
  • DKK
  • HUF
  • INR
  • MYR
  • MXN
  • NOK
  • NPR
  • PHP
  • PLN
  • RUB
  • ZAR
  • LKR
  • SEK
  • THB
  • AED
  • NGN

What types of transfers can you carry out with Exchange4Free?

Exchange4Free specialises in offering one-off spot transfers to more than 100 countries around the world. When you wish to send a transfer, you can phone an Exchange4Free FX dealer or login to your account to lock in an exchange rate for your transfer. If you’re a business customer, you can also use forward exchange contracts to lock in an exchange rate for a future transfer.

If you ever need help with your account, Exchange4Free’s online help centre contains a range of frequently asked questions and their answers. Customer support is also available via phone, email and live chat, and the fact that the provider has an Australian office in Perth means you can rely on Australian-based advice and assistance.

The registration and transfer process

You’ll need to register for an account with Exchange4Free before you can send an international money transfer. This is free to do and should only take a matter of minutes, but you will need to submit proof of ID (including a copy of your passport and a proof of address document) to comply with global anti-money laundering and terrorism financing regulations.

Once you have an account, complete the following steps to send a transfer:

  1. Book a rate. You can do this by logging into your Exchange4Free account and entering the details of your transfer or by phoning an Exchange4Free forex dealer and requesting a quote.
  2. Make a payment. Deposit the funds you want to transfer via electronic funds transfer, debit card or credit card.
  3. Complete the transfer. The funds you send will be deposited into your recipient’s bank account, made available for collection from a cash pickup point or deposited into their mobile wallet.

Pros and cons of using Exchange4Free

Pros

  • No transfer fees. You do not need to pay any fees, commissions or hidden charges when you send an international transfer with Exchange4Free.
  • More than 60 currencies supported. With support for more than 60 currencies, including majors and a range of rarer options, Exchange4Free can help you send money to more than 100 countries.
  • Best Price Guarantee. Exchange4Free offers a Best Price Guarantee that allows you to lock in the best available exchange rate for your international transfer.
  • Multiple payout options. With the option to receive funds by bank transfer, cash pickup, mobile money or Airtime, your beneficiary can choose to receive the money in the way most convenient for them.

Cons

What other products and services does Exchange4Free offer?

Payment services

Exchange4Free can help you set up an online payment gateway on your website to receive payments from customers around the world.

Business forex

Exchange4Free offers competitive exchange rates and no international SWIFT fees for international business transfers.

Technology solutions

Exchange4Free’s suite of forex technology solutions includes money transfer platforms, global payout services and payment gateways.

Mobile money transfers

Exchange4Free offers forex processing solutions for mobile network operators around the world.

How does Exchange4Free compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.768 USD
7,681
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 250 1 - 2 days AUD 0.00 0.77 USD
7,701
$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 2,000 1 day AUD 0.00 0.771 USD
7,711
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 0.77 USD
7,702
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 0.77 USD
7,704
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 1 1 day AUD 52.00 0.77 USD
7,656
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 0.765 USD
7,647
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 0.77 USD
7,696
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 0.772 USD
7,681
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
AUD 5 1 - 2 days EUR 3.00 0.766 USD
7,656
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.764 USD
7,639
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
AUD 1 1 - 2 days AUD 45.00 0.773 USD
7,700
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. 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.

Frequently asked questions

If you’re looking for a quick and convenient way to send affordable international money transfers, Exchange4Free is well worth a closer look. See how it compares with other trusted international transfer providers to find the best deal.

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

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.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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