Compare international money transfer limits

How much money are you allowed to send overseas from Australia in one transaction?

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Before you send an international money transfer, it’s important to compare transfer providers to find the best possible deal. A brief comparison will help you save money and take the stress out of the transfer process.

One of the factors you should consider when comparing transfer companies is the limits that apply to transfer amounts. Minimum and maximum limits often apply and vary from one company to the next, so let’s take a closer look at what those restrictions are and how they might affect you.

Send money overseas with TorFX

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

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Search and compare international money transfers

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.731 USD
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.
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AUD 250 1 - 2 days AUD 0.00 0.731 USD
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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AUD 2,000 1 day AUD 0.00 0.731 USD
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.
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AUD 200 1 - 2 days AUD 10,000.00 0.733 USD
Exclusive: New customers sending over AUD 500 from Australia use code FINDER50 to get AUD 50 off. Pay zero fees on your first transaction. Valid till 31 July 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
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AUD 1 1 day AUD 10,400.00 0.73 USD
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.
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AUD 5 1 - 2 days EUR 3.00 0.731 USD
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Minimum and maximum limits

To give you an idea of the restrictions money transfer companies and banks impose on international money transfers, check out the table below. As you can see, limits can vary quite substantially depending on the institution you choose to handle your transaction.

Note: If the maximum transfer amount is blank, it means that there is no maximum amount.

ProviderType of transfer providerMinimum transfer amountMaximum transfer amount
Commonwealth BankBank$0$2,000 default; can be upgraded to $5,000 (NetBank limit)
HSBC Multi Currency AccountBank
Citibank Plus Everyday AccountBank$10$10,000
CurrencyFairOnline transfer provider$5$10,000,000
TorFXOnline transfer provider$2,000
OFXOnline transfer provider$250
Travelex International PaymentsOnline transfer provider$500
WiseOnline transfer provider$1$1,800,000
AFEXOnline transfer provider$500
Compass Global MarketsOnline transfer provider$1,000
1st ContactOnline transfer provider$0
WorldRemitOnline transfer provider$1$50,000
MoneyCorpOnline transfer provider$50
Western UnionCash transfer provider$1$50,000
MoneyGramCash transfer provider$1$13,750

Government regulations

It’s also important to note that the Australian Government monitors large overseas money transfers. While it doesn’t impose any restrictions on the amount you can send overseas, the federal government still tracks large transfers through regulatory body AUSTRAC (Australian Transaction Reports and Analysis Centre).

AUSTRAC collects data on overseas transfers of more than $10,000, with the aim to prevent money-laundering, funding of international terrorism and a range of other serious crimes. The bank or money transfer provider that handles the transfer must report the details of the transaction, including your account information, to AUSTRAC. If you’re unwilling to provide the necessary information, the transaction may be declined.

How transfer limits will affect you

If the minimum transfer limit is too high

Some providers impose a high minimum limit on each transaction, such as $500 or even $1,000. If you only need to transfer a small amount of money, these providers will reject your transaction.

If the maximum transfer limit is too low

Sometimes you may find that the amount you wish to transfer overseas exceeds a provider’s maximum limit. In some cases you can contact the money transfer provider and request that your transfer limit be raised; otherwise you will either have to split the transfer up into separate transactions or use another transfer provider with a higher limit.

With this in mind, it’s important to shop around and compare the transfer limits of different banks and transfer providers. If a company’s minimum or maximum limit is likely to restrict your ability to send money overseas, look elsewhere to find a better deal.

Different types of limits

The most common transfer limit you will come across when sending an international money transfer is a per-transaction limit. However, you should also be aware that some providers will impose other limits, including:

Per-day limits

Check to see whether your bank or money transfer company imposes a limit on the total amount you can transfer per day.

Per-month limits

Other limits may apply to the total amount of money you can send in any given time period, such as per week or per month.

Per-person limits

In some circumstances, there may be a limit on the amount of money you can transfer to any one person or account.

Transfer method limits

The company may also have different transaction limits based on the transfer method you select. For example, while the online transfer limit might be set at $5,000, you may be able to send a larger amount if you visit your nearest branch to place the transfer.

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How to choose a money transfer provider

Transfer limits are just one of the factors you need to consider when choosing an international money transfer provider. You’ll also need to compare a range of other features including:


There are two main expenses to consider when sending money overseas: exchange rates and transaction fees. Finding the best exchange rate is critical to getting value for money, but you need to be careful that the company with the best rates doesn’t also charge high fees.


Consider how quick and easy it is to send a transfer with each provider. Is its transfer system easy to use? Can you lodge transfers online, via a smartphone app or over the phone, or do you need to visit a branch?


Check to see whether there are a range of options available for placing transfers. For example, you might be able to save money by placing a forward contract or limit order, or save time by scheduling recurring payments in advance.


How many currencies does the provider support? Will you be able to send transfers in any currency you want? Also consider how your beneficiary will receive the money: will it be paid straight into their bank account, or is there a cash pickup option available if required.


Compare transfer processing times between different companies to find out how long your beneficiary will have to wait to receive the money. If you ever need to send an emergency transfer as quickly as possible, is there an option to do so?

Access to customer support

This is an important consideration but also one that is often overlooked. Make sure that you will have quick and easy access to customer support if something ever goes wrong with a transaction.

By comparing transfer limits and a range of other features, you will find an international money transfer provider that offers an affordable and convenient way to send money overseas.

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International Money Transfer Offers

Important Information*
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 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 Send International Money Transfers
Send International Money Transfers

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.

Logo for XE International Money Transfers
XE International Money Transfers

XE has fast transfers with low fees and a range of foreign currency tools.

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