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 and 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 for you. 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 October 20th, 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: World First 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.
Compass Global Markets International Money Transfers
AUD 1,000
1 day
Online, Phone
Hedge your foreign exchange risks by becoming a client.
HiFX International Money Transfers
AUD 50
2 days
Online, Phone, Agent
HiFX business services are designed to save you time and money.
Currency Solutions International Money Transfers
AUD 3,000
2 days
Online, Phone, Bank Account to Bank Account
You can increase your profit margins and mitigate currency risk with Currency Solutions.
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

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

After you've submitted your details, a TorFX consultant will contact you via the phone number you've provide for a free consultation. You will typically receive a response within one business day.

TorFX are international money transfer specialists and have an office based in Surfer's Paradise Queensland and have the AFS Licence number 246838. We will not collect your personal information unless it's necessary to provide the information, advice or service you've requested and, where possible, you'll be able to use our services anonymously.

If you have never transferred money before or have a large amount of money to transfer (like paying back an overseas home loan or receiving an inheritance), you may feel more comfortable speaking to a person instead.

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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

See exchange rate updates in real-time

Refreshing in: 60s | Fri, 20 Oct 05:37pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.2748 Inverse: 0.7844 1.2511 Inverse: 0.7993 0.8461 Inverse: 1.1819 6.6196 Inverse: 0.1511 0.7628 Inverse: 1.3109 64.9900 Inverse: 0.0154 18.8613 Inverse: 0.0530 51.4700 Inverse: 0.0194
1 AUD = 0.7844 Inverse: 1.2748 1.0000 0.9814 Inverse: 1.0189 0.6637 Inverse: 1.5067 5.1927 Inverse: 0.1926 0.5984 Inverse: 1.6712 50.9805 Inverse: 0.0196 14.7955 Inverse: 0.0676 40.3749 Inverse: 0.0248
1 EUR = 1.1819 Inverse: 0.8461 1.5067 Inverse: 0.6637 1.4787 Inverse: 0.6763 1.0000 7.8236 Inverse: 0.1278 0.9016 Inverse: 1.1092 76.8108 Inverse: 0.0130 22.2919 Inverse: 0.0449 60.8317 Inverse: 0.0164
1 GBP = 1.3109 Inverse: 0.7628 1.6712 Inverse: 0.5984 1.6401 Inverse: 0.6097 1.1092 Inverse: 0.9016 8.6778 Inverse: 0.1152 1.0000 85.1971 Inverse: 0.0117 24.7258 Inverse: 0.0404 67.4734 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 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. They might also not offer the currency or destinations 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 transferredUSD $3,634USD $3,812.31
Amount saved using a money transfer service+USD $178.31

As you can see, even though the transfer fee with the money transfer service is more than what is charged by the bank, the exchange rates are 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’ of 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 more. 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, while they also often offer a much faster processing time for transfers. In short, while bank 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 to conduct your business transfers:

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 or not 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 or not extra fees are attached.

Customer service and contact methods or 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 United States Dollar or the Great 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 any fees are attached to this service. 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 USD $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 USD $0.77 is available, and when the market hits this rate four days later his funds are sent. This allows Kevin to save a further USD $300.

Normal transactionLimit order
Exchange rate0.750.77
FeeUSD $0USD $0
Amount transferredUSD $11,250USD $11,550
Amount saved using a limit order+ USD$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 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. Money transfer providers in Australia are regulated in the same way as traditional banks, by the Australian Securities and Investments Commission (ASIC). They operate under a financial license, which you should be able to check via the providers website.

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

It is typically always 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 United States 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 that your transfers are processed fast, and you can start the comparison process at finder.com.au

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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: World First International Money Transfers

Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
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.

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