business money transfer feature image

Compare international money transfers for your business

Lock in competitive exchange rates for your business and take advantage of low fees.

Businesses need to send money overseas for all manner of reasons, from paying international suppliers to buying stock or consolidating their financial strength in overseas markets. Luckily, there are more international money transfer options for businesses to choose from than ever before. This ensures that those who shop around for the best possible deal can find a fast, affordable method of moving funds across international borders.

Use the table below to sort through different money transfer services until you find one suitable for your business. Enter the amount you need to send and the destination to see the most suitable services. If you want to read more about a product, click "More", or click "Go to Site" to register for a service and get a free quote.

Instantly compare business international money transfer services

Rates last updated December 11th, 2017
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
Forward contracts and order types available
Receive currency analysis by market professionals, free transfers and competitive exchange rates
Exclusive: OFX (Ozforex) International Money Transfers
AUD 250
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Exclusive: WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone
Forward contracts and spot contracts available
View live rates, graphs and economic commentary. eCommerce-tailored solutions.
FC Exchange International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in 43 currencies.
HiFX International Money Transfers
AUD 50
2 days
Online, Phone, Agent
HiFX business services are designed to save you time and money.
WorldFirst Money Transfers for Online Sellers
1 day
Online, Phone, Agent
Designed for online sellers
Open receiving accounts around the world is easy, including China and Japan.
Compass Global Markets International Money Transfers
AUD 1,000
1 day
Online, Phone
Hedge your foreign exchange risks by becoming a client.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Keep ahead of the curve with daily currency exchange rate alerts

Can’t find what you’re looking for? Have a TorFX currency expert contact you for free

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au privacy policy
TorFX Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

See exchange rate updates in real-time

Refreshing in: 60s | Mon, 11 Dec 03:07pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3292 Inverse: 0.7523 1.2853 Inverse: 0.7780 0.8489 Inverse: 1.1780 6.6137 Inverse: 0.1512 0.7464 Inverse: 1.3397 64.4150 Inverse: 0.0155 18.9397 Inverse: 0.0528 50.3450 Inverse: 0.0199
1 AUD = 0.7523 Inverse: 1.3292 1.0000 0.9670 Inverse: 1.0342 0.6386 Inverse: 1.5658 4.9756 Inverse: 0.2010 0.5616 Inverse: 1.7808 48.4607 Inverse: 0.0206 14.2487 Inverse: 0.0702 37.8755 Inverse: 0.0264
1 EUR = 1.1780 Inverse: 0.8489 1.5658 Inverse: 0.6386 1.5141 Inverse: 0.6605 1.0000 7.7909 Inverse: 0.1284 0.8793 Inverse: 1.1373 75.8802 Inverse: 0.0132 22.3108 Inverse: 0.0448 59.3059 Inverse: 0.0169
1 GBP = 1.3397 Inverse: 0.7464 1.7808 Inverse: 0.5616 1.7219 Inverse: 0.5808 1.1373 Inverse: 0.8793 8.8604 Inverse: 0.1129 1.0000 86.2968 Inverse: 0.0116 25.3735 Inverse: 0.0394 67.4472 Inverse: 0.0148

Why should I use an international money transfer provider instead of the bank?

When you’re a small business owner, time is a precious quantity, which often means that many business owners simply opt to perform money transfers through their regular bank. Unfortunately, this is one of the least efficient and most costly ways to send money overseas.

Banks offer poor exchange rates, a lack of useful features and have high fees. Also, they might not offer the currency or destination you need. One of the first things you’ll notice when comparing dedicated money transfer services to banks is that money transfer providers typically offer better exchange rates to their customers than banks do. Even a difference of a couple of cents in your favour can add up to a big saving when you transfer several thousands of dollars.

Money transfer companies also offer lower fees than banks, offering another way to keep more money in your pocket. Fees can add up quickly, especially when you’re setting up regular scheduled business transfers, so it pays to compare the hidden charges included with competing providers.

In addition, many money transfer companies offer to waive their transfer fee when you send more than a certain amount of money, so keep an eye out for this feature as well. Money transfer companies can also typically transfer your funds quicker than banks can, which is an important feature in the business world. Some companies offer transfers within 24 hours or even minutes, while banks can take up to 5 days to send your money. Let's look at an example below.

Should I use a specialist money transfer service or my bank?

Kevin is a small business owner who wants to send a one-off payment of AUD$5,000 overseas to an important supplier in the United States. Although tempted to simply use his regular bank to perform the transaction, he decides to compare how much it will cost through his bank with the expense involved in transferring funds via a money transfer provider.

BankMoney transfer service
Exchange rate0.72680.76780
Fee$22$34.76
Amount transferredUS$3,634US$3,812.31
Amount saved using a money transfer service+US$178.31

As you can see, even though the transfer fee with the money transfer service is more than the fee that the bank charges, the exchange rate is much more competitive. Therefore, even with the higher transfer fee, Kevin can send an additional US$178.31 to his recipient by using a dedicated money transfer provider.

*Rates quoted are correct as of 13 July 2017. You should always source a quote for current rates and fees.

Which providers will allow me to send money overseas as a business?

It’s possible for businesses to send money overseas through many Australian banks, including the Big Four banks: Commonwealth Bank, Westpac, National Australia Bank and ANZ. However, business owners can also conduct international money transfers through specialist companies such as OFX, TorFX, CurrencyFair, Currency Online and others. In many cases, you can save money by using the services of a money transfer provider instead of a regular bank.

These companies usually offer better exchange rates and lower fees than banks. They also often offer a much faster processing time for transfers. In short, while banks focus on a wide range of financial products and services, international money transfer providers specialise in sending funds overseas.

Compare these features when comparing business transfer services

It's important to consider the following factors when choosing a money transfer provider:

Competitive exchange rates

The higher the exchange rate, the more money will end up in your recipient’s bank account. It’s quick and easy to compare exchange rates online, and money transfer companies typically offer better rates than banks. Some companies will also offer better rates to business customers than personal customers, so compare this feature as well. However, remember to consider a company’s rates in conjunction with its fees.

Little or no fees

Read the fine print to discover any fees and charges which will be attached to your transaction as well as whether you can save money by lodging your transfer online instead of in a branch. Many online transfer providers will waive their transfer fee when you send more than a certain amount, so look into this feature as well.

Ability to schedule payments

Does your provider allow you to set up regular scheduled payments? This is convenient for business owners and can help you organise your budget more effectively.

Forward contracts

A forward contract lets you lock in an exchange rate now for an international money transfer that will take place at a later date. Consider which providers offer this, how far in advance contracts can be set up and whether the providers attach extra fees for this service.

Customer service, contact methods and availability

Consider which provider has the best reputation for customer service. Is assistance available online, over the phone and via live chat? Between what hours can you contact customer support? This area is important to consider in case you ever have issues with one of your transfers that need to be resolved.

Supported currencies

Different money transfer providers will offer to transfer funds to a range of different supported currencies. Most providers will let you send funds in a number of commonly traded currencies, for example the US dollar or the British pound, but depending on your business, you may need to trade more exotic currencies.

Limit orders

Limit orders let you take advantage of fluctuating market exchange rates, so check which providers offer this feature. Also remember to establish whether this service comes with any fees. A limit order allows you to specify a target exchange rate for your international money transfer, and your money transfer provider will then monitor the market and perform your transfer when such a rate arises. This allows small business owners to take advantage of fluctuating exchange rates when sending money overseas.

Another way your business can save money: Using limit orders

Kevin wants to send AUD$15,000 to the United States and is offered an exchange rate of US$0.75. He believes he will be able to find a better deal. He lodges a limit order with his money transfer company not to transfer the funds until an exchange rate of US$0.77 is available. When the market hits this rate four days later, his funds are sent. This allows Kevin to save a further US$300.

Normal transactionLimit order
Exchange rate0.750.77
FeeUS$0US$0
Amount transferredUS$11,250US$11,550
Amount saved using a limit order+US$300

*This is a fictional case study. Always source a quote for current rates and fees.

You may also be interested in

Real questions from finder.com.au users about international business transfers

Are the application requirements different for businesses than for individuals?

If you wish to send money internationally on behalf of your business, you will need to register your business details for the account. This includes the business name and registered address, the ABN, ACN or ARBN number, details of the company directors, owners and/or shareholders and a description of what the business does. You will also need to register a bank account that is in the same name as the business.

Are international money transfers safe?

Yes, international money transfers are safe. The Australian Securities and Investments Commission (ASIC) regulates money transfer providers in Australia in the same way it does traditional banks. The money transfer providers operate under a financial license, which you should be able to check via the provider's website.

Is it cheaper to send funds overseas through my bank or a money transfer provider?

It is typically cheaper to send funds through a money transfer provider due to better exchange rates and lower fees.

Can I track the progress of my transfer?

Yes, your provider or bank will give you a tracking number so you can monitor the progress of your transaction.

What currencies can I transfer funds in?

This varies between providers. Certain currencies are staples on the international currency market, such as the US dollar or the euro, while other currencies are rarer. Contact your provider for a full list of the available currencies.

Got it - what do I do now?

Now that you understand how business international money transfers work, use the table above to compare providers. When you have chosen a couple that you believe will best meet your transfer needs, click the green "Go to Site" button to source quotes with current rates and fees specific to your transfer.


If you need to conduct an international business transfer, it really does make good financial sense to shop around and compare your transfer options. This will ensure you save money and that your transfers are processed fast. You can start the comparison process at finder.com.au.

Back to top

Read more on this topic

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

Exclusive: OFX (Ozforex) International Money Transfers

Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.

Exclusive: WorldFirst International Money Transfers

Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.

FC Exchange International Money Transfers

FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in 43 currencies.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question