Review: Foremost Currency Group money transfers

Trade over 40 currencies with no fees with Foremost Currency Group.  

Foremost Currency Group is a specialist money transfer service helping consumers safely send money internationally with no fees and competitive exchange rates. This is suitable for consumers who need to send one-off payments or make regular transactions.

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AUD 1,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

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Details

Product NameForemost Currency Group
Min. Transfer AmountAUD 1,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Agent, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Chat, Email
Available CurrenciesAED, AUD, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HRK, HUF, INR, JPY, KES, MXN, NOK, NZD, SEK, SGD, USD
Exchange Rate UpdatesReal time
Online Transfer FeeAUD 0
Branch Transfer FeeAUD 0
Phone Transfer FeeAUD 0

Pros

  • No transfer fees
  • Agent available to assist with transactions

Cons

  • Minimum transfer amount of AUD$1000

Foremost Currency Group exchange rates

Foremost Currency Group is a specialist foreign exchange provider so they’re able to purchase currency at wholesale prices direct from the market. This means they can give consumers a better deal and competitive rates, often much better than what you’re offered by your bank. These exchange rates are updated constantly to reflect market conditions. Once you have an account, you can request quotes for up-to-date exchange rates via the online portal.

How much does it cost to transfer money with Foremost Currency Group?

Foremost Currency Group promises to charge no transaction fees or commissions on any quotes provided, which is great news for consumers. But they need to make money somehow! Foremost Currency Group charge a small margin on the mid-market exchange rate. There is a higher margin charged for more exotic currencies compared to the major currencies. However, this margin is still often much less than what is charged by the big banks.

Minimum transfer amount and available countries

The minimum amount for a transaction is AUD$1000. This is lower than many other providers, however some foreign exchange services have no minimum amount requirement. Because of this, Foremost Currency Group is ideal for larger transactions. There is no maximum transfer limit.

Foremost Currency Group transfers money in the world’s major currencies, including:

  • UAE dirham (AED)
  • Australian dollar (AUD)
  • Canadian dollar (CAD)
  • Swiss franc (CHF)
  • Chinese yuan (CNY)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Euro (EUR)
  • Hong Kong dollar (HKD)
  • Hungarian forint (HUF)
  • Japanese yen (JPY)
  • Norwegian krone (NOK)
  • New Zealand dollar (NZD)
  • Polish zloty (PLN)
  • Qatari riyal (QAR)
  • Swedish krona (SEK)
  • Singapore dollar (SGD)
  • Thai baht (THB)
  • Turkish lira (TRY)
  • US dollar (USD)
  • South African rand (ZAR)

What types of transfers can you carry out with Foremost Currency Group?

In addition to one-off or regular transactions, Foremost Currency Group also offers the following trading tools:

  • Market orders. If you aren’t restricted by a certain date, you can indicate your desired rate and Foremost Currency Group will execute your transaction as soon as the exchange rate is available.
  • Forward contract. This tool allows you to lock in an attractive exchange rate now for an unspecified transfer in the future.

Pros and cons of using Foremost Currency Group

Pros

  • No transfer fees
  • Various transfer products available, including market orders and forward contracts
  • Agent available to assist with transactions
  • Transactions processed within one day

Cons

  • Not as many currencies supported, including many exotic currencies
  • Minimum transfer amount of AUD$1000

The registration and transfer process

You’ll need to open an account before you can send money overseas with Foremost Currency Group, but this can be done quickly and easily online by clicking the green ‘Go to site’ button at the top of this page. Select whether you need a joint or single account, then you’ll be required to provide basic details such as your name, residential address and contact details. You may be required to supply extra details if you wish to send larger amounts of money.

To make a transfer, you’ll need to provide the necessary details to Foremost Currency Group:

  • The amount of money you wish to send
  • What country you wish to send the currency to
  • How the money will be transferred and received (eg bank to bank, phone, online)
  • Where the money is going, including details of your recipient such as their name, address and bank account information
  • How you will pay for the transfer (debit card or bank transfer)

Foremost Currency Group will provide you a quote for the transfer based on the details you’ve provided. If you’re happy, approve the quote and the transaction will go ahead.

If you believe Foremost Currency Group is the right service for your foreign exchange needs, click the ‘Go to site’ button on this page. You’ll be securely redirected to their website where you can open an account for free, with no obligation to make a trade.

How does Foremost Currency Group compare to other providers?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.721 USD
7,211
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 0.724 USD
7,236
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 1 Within an hour AUD 0.00 0.723 USD
7,230
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.723 USD
7,232
$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 0.723 USD
7,231
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Same day AUD 0.00 0.723 USD
7,225
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Same day AUD 3.99 0.717 USD
7,171
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 0.723 USD
7,199
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.725 USD
7,215
Exclusive: New customers sending over 500 AUD from Australia use code FINDER50 to get 50 AUD off. Pay zero fees on your first transaction. Valid till 31 December 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 52.00 0.723 USD
7,188
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 0.718 USD
7,179
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 5 1 - 2 days EUR 3.00 0.723 USD
7,231
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

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

International Money Transfer Offers

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

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 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 MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

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.

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