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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 February 25th, 2018
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 over 130 currencies.
XE International Money Transfers
AUD 0
1 day
Online, Phone, Bank Account to Bank Account
Enjoy fast, secure and fee-free international money transfers from global payments provider XE.
HiFX International Money Transfers
AUD 50
2 days
Online, Phone, Agent
HiFX business services are designed to save you time and money.
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.

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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

What kind of business are you?

See exchange rate updates in real-time

Refreshing in: 60s | Sun, 25 Feb 08:50pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.2757 Inverse: 0.7839 1.2633 Inverse: 0.7916 0.8133 Inverse: 1.2295 6.3365 Inverse: 0.1578 0.7158 Inverse: 1.3970 64.8990 Inverse: 0.0154 18.5412 Inverse: 0.0539 51.8110 Inverse: 0.0193
1 AUD = 0.7839 Inverse: 1.2757 1.0000 0.9903 Inverse: 1.0098 0.6376 Inverse: 1.5684 4.9672 Inverse: 0.2013 0.5611 Inverse: 1.7821 50.8743 Inverse: 0.0197 14.5345 Inverse: 0.0688 40.6146 Inverse: 0.0246
1 EUR = 1.2295 Inverse: 0.8133 1.5684 Inverse: 0.6376 1.5532 Inverse: 0.6438 1.0000 7.7907 Inverse: 0.1284 0.8801 Inverse: 1.1362 79.7933 Inverse: 0.0125 22.7965 Inverse: 0.0439 63.7016 Inverse: 0.0157
1 GBP = 1.3970 Inverse: 0.7158 1.7821 Inverse: 0.5611 1.7647 Inverse: 0.5667 1.1362 Inverse: 0.8801 8.8519 Inverse: 0.1130 1.0000 90.6620 Inverse: 0.0110 25.9016 Inverse: 0.0386 72.3784 Inverse: 0.0138

Why you should consider using an international money transfer provider instead of your 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 five 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 services specialise in overseas money transfers for 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.

In what currencies can I transfer funds?

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.

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