How to make the most of your next transfer with HiFX.
This product is not currently available via Finder. Visit the provider's website directly, or compare other options.
Must read: HiFX is no longer available
As of 26 January 2019, HiFX has merged with XE. This means you won't be able to use HiFX to send money overseas. Instead, check out if XE Money Transfer is right for you in our full review.
If you already have an account with HiFX before this cut-off date, don't worry – you'll automatically be transferred to an XE account.
International money transfers can be expensive and offer poor exchange rates if carried out through your bank or regular companies. If you make regular international money transfers, these additional expenses and lack of value can really add up, adding thousands onto the cost of your international property or meaning your family gets less out of what you send them.
HiFX offers you the ability to convert funds into over 20 currencies and transfer them internationally at the touch of a button and does so with low fees and competitive rates. It's also regulated by the Australian Securities and Investments Commission (ASIC) and employs a number of safety practices.
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Available currencies
HiFX offer a range of currencies, including:
Australian Dollar (AUD)
Canadian Dollar (CAD)
United States Dollar (USD)
Euro (EUR)
Great British Pound (GBP)
Hong Kong Dollar (HKD)
Papua New Guinean Kina
Singapore Dollar (SGD)
Danish Krone (DKK)
Japanese Yen (JPY)
Thai Baht (THB)
Vanuatu Vatu (VUV)
Indian Rupee (INR)
New Zealand Dollar (NZD)
Philippine Peso (PHP)
Solomon Islands Dollar (SBD)
Swedish Krona (SEK)
United Arab Emirates Dirham (AED)
Central Pacific Franc (XPF)
Fiji Dollar (FJD)
Mexican Peso (MXN)
Norwegian Krone (NOK)
Samoan Tālā (WST)
South African Rand (ZAR)
Swiss Franc (CHF)
Competitive foreign exchange rates
As mentioned, HiFX offers very competitive rates when exchanging money. This is because HiFX minimises their overheads and maximises their use of the right technology.
This is combined with the fact that if you transfer amounts greater than the thresholds set by HiFX, they won’t charge you transfer fees. If you transfer amounts less than this, you’ll be charged fees, so see the table below to get an idea of what these fees and fee free thresholds are.
Currency being sold
Fee free threshold
Transfer fee if under threshold
Australian Dollar (AUD)
10,000
15
Euro (EUR)
3,500
10
New Zealand Dollar (NZD)
10,000
12
Indian Rupee (INR)
365,000
700
Great British Pound (GBP)
3,000
7
Thai Baht (THB)
250,000
500
United States Dollar (USD)
5,000
5
Philippine Peso (PHP)
355,000
685
Below is a quick comparison of the rates HiFX offers compared to some of our other services when trading $1000 AUD to USD. Rates are current at the time of writing and do not include fees. Note that these rates are spot rates, meaning that the rate you actually receive could differ when you carry out your transaction.
HiFX
OFX
WorldFirst
USD received when changing $1000 AUD
$930.40
$930.58
$930.50
Transfer fees
$15
$15
$15
Who can benefit from HiFX?
HiFX is available for many types of Australians looking to convert and move funds overseas. Some of these include:
International property owners - Buying property overseas can net Australian investors healthy profits, especially due to our strong currency. Unfortunately, unlike regular domestic property investment, exchange rates can add an extra layer of risk to your investment. HiFX can be used to set up regular transfers to pay off your foreign mortgage, and can help you save fees and on exchange rates.
Migrant workers - Moving to Australia can see you get a better salary to send back to your family, but like any other international transfer, you can get more bang for your buck by using a service like HiFX.
International students - While studying in Australia you might need to send money back home to pay for expenses.
How to use HiFX
If you feel HiFX could be a useful service to you, you can carry out a transfer easily.
Register. First you’ll need to sign up, which is free and can be done at any time of the day. You can register by clicking the 'Go to Site’ button above. You will also need to provide identification documents including your passport and drivers licence as well as a document certifying your address.
Get a quote. After you've registered you’ll need to discuss with HiFX what currencies you need and what type of transfer you’re looking to make. They can help suggest different ways to carry out your transaction.
Give your recipient’s details and when you’d like to pay them. The next step will require you to let HiFX know who you’re transferring to and when, and also will require you to provide a security payment.
Send HiFX your transfer funds. You’re now ready to send HiFX your money and being the transfer.
Track your payments. You can now sit back and track your payments to ensure they reach their destination.
How does Foremost Currency Group compare to other providers?
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Frequently asked questions about HiFX
Unfortunately at the time of writing HiFX only accepts bank transfers.
HiFX takes many different measures to ensure your money is safe, and is regulated by the Australian Securities and Investments Commission (ASIC). Some of these measures include VeriSign, which is an online security system used by 97% of the world’s top banks, and your funds are always held in segregated client accounts.
HiFX will offer you a competitive rate based on how much you’re transferring, what currency you’re transferring to, and a number of other factors, including the market exchange rate at the time.
HiFX makes their money through what is known as ‘the spread’. This basically refers to the difference in the buying and selling prices of a currency, which is the same way a regular bank or currency dealer makes a profit.
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
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.
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.
I can confirm that HiFX will allow you to transfer Euros from Germany to Australia. Please click on the green “Go to site” button on the top right to go to the the HiFX website and start your transfer process.
Please send me a message if you need anything else. :)
finder.com.au is a financial comparison service and is not affiliated with HiFX. Please get in touch with HiFX directly to inform them of the issue – we recommend contacting them directly.
Hello,
If I want to send money with hifx. Which possibilities are there like just a transfer to a bank account or can the person pick up the money in cash ?? Thanks a lot I can’t find this information..
Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you initiate money transfer.
I hold USD in an Australian bank and wish to convert these into CAD.
I have a British Passport, British drivers license and I can provide current bank statements with may address.
Do I satisfy the requirements for using the services of HiFX
Please note that finder.com.au is an online comparison service and we don’t represent HiFX International Money Transfers.
In order to convert ZAR into AUD you’ll need to set up an account online with HiFX which you can do by clicking on the ‘apply now’ button on this page.
Once you’ve done this, HiFX will email you with their RAND account details so you can transfer the money to them. Then, they’ll be able to convert the ZAR into AUD for you.
It’s advisable that you speak with your bank about this first.
I have tried an inter bank transfer to Japan and lost most of the transfer money to fees outside Australia. Can this also happen with a HiFX transfer to Japan?
All fees for a transfer through HiFx are stated above but it is always best to compare money transfer companies to see who offers the best option for your needs. We have a list of companies that transfer money to Japan from Australia available for comparison. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you initiate a money transfer.
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