Receiving money in Australia

PayPal and Western Union aren’t your only options for receiving money from overseas.

Updated Nov 13, 2020. What changed?

Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

With the right tools at your disposal, you can find the best deal and have quick access to your funds when you receive a money transfer from abroad.

What is the best way to receive money from overseas?

The best way to receive money from overseas depends on your specific situation. For many people, receiving the money straight to their bank through an international money transfer is the most convenient, even if it can be expensive. Typically it is cheaper to use a money transfer company since these types of companies specialize in sending money overseas and offer lower fees and stronger exchange rates than banks.

From cheapest to most expensive, the best way to receive money from overseas is:

International money transfer company — Find a company that fits your needs by comparing a variety of companies before you receive your transfer.
Money order - Sometimes called a bank draft, an international money order is an inexpensive and slow way to receive money.
Mobile wallet - Having money delivered to a mobile wallet isn't a popular option in the US, but if it is available this option is convenient.
Cash delivery Consider having your money sent to a local money transfer agent location so that you can pick it up in cash. Some services will even deliver it straight to your home.
International money transfer - International transfers through the bank often get charged fees on both ends, both to send and to receive the transfer from abroad.

What's in this guide?

Bank information needed when receiving money from overseas
How does receiving money from overseas work?
What type of money transfer should I use to receive money?
How do I compare international money transfer services when receiving money?
Do I have to pay taxes when receiving money from overseas?
Bottom line

Compare international money transfer companies to receive money

Use our comparison table to see how much money you could receive through different money transfer companies. Enter the amount you'll be receiving, the currency in which it will be sent, then click Calculate.

How to receive money using our comparison tool

View. Sort through different international money transfer providers and services by exchange rate, amount received, transfer speed and more.
Compare. Figure out your best option by comparing companies side-by-side.
Save. To read more about a product, click on the company's logo. To start an application or transfer, click Go to Site.

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
GBP 0	1 - 2 days	AUD 1.99	0.77	USD 7,695	Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 0.00 Transfer methods Online, Bank Account to Bank Account Transfer options One off payments Customer service Chat, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KZT, LAK, LBP, LKR, MAD, MDL, MGA, MKD, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SRD, STD, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, VUV, WST, XAF, XCD, XOF, XPF, ZAR, ZMW Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.772	USD 7,719	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.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.772	USD 7,719	SendFX guarantees to match any competitor’s exchange rate. T&Cs apply. Fee-free transfers in 30+ currencies to over 200 countries.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, JPY, KES, KWD, MXN, MYR, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.772	USD 7,719	Better exchange rates for Finder customers. WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AUD, BBD, BGN, BHD, BWP, CAD, CHF, CLP, CNY, COP, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, LKR, MAD, MUR, MXN, MYR, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, TZS, UGX, USD, VND, XCD, ZAR Go to site Read the full review
AUD 250	1 - 2 days	AUD 0.00	0.772	USD 7,719	$0 transfer fees for Finder customers. OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 250.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
AUD 1	1 day	N/A	N/A	N/A	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.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Chat, Email Available currencies AUD, EUR, GBP Go to site Read the full review
AUD 1	1 day	AUD 52.00	0.771	USD 7,671	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.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Chat, Email Available currencies AUD, CAD, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MYR, NPR, NZD, PHP, SGD, THB, USD, VND, ZAR Go to site Read the full review
AUD 10	Within an hour	AUD 2.99	0.767	USD 7,663	Special offers like free transfers and better exchange rates available for new customers. Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 10.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, AUD, BDT, BGN, BOB, BRL, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR Go to site Read the full review
AUD 1	Same day	AUD 0.00	0.771	USD 7,712	XE has fast transfers with no fees and a range of foreign currency tools.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account Transfer options One off payments, Market orders Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BSD, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GTQ, HKD, HNL, HRK, HUF, ILS, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
AUD 200	1 - 2 days	AUD 50.00	0.774	USD 7,703	Exclusive: Use code FINDER10 to receive US$10 off your first transaction. InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 200.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments Customer service Phone, Chat, Email Available currencies AUD, BDT, CAD, CNY, EUR, GBP, HKD, IDR, INR, KRW, LKR, MYR, NPR, PHP, PKR, SGD, THB, USD, VND Go to site Read the full review
AUD 5	1 - 2 days	EUR 3.00	0.767	USD 7,671	Special offer: Zero fees on your first 10 transfers. CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 5.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, NOK, NZD, PHP, PLN, SEK, SGD, THB, USD, ZAR Go to site Read the full review
AUD 1	Same day	AUD 3.99	0.766	USD 7,654	Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply. WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review
AUD 1	1 - 2 days	AUD 45.00	0.775	USD 7,715	TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review

Compare up to 4 providers

Bank information needed when receiving money from overseas

In order to receive money from overseas, you'll need to provide specific details about your bank, including:

Bank account number
BIC/Swift Code — you can this from your bank
Bank State Branch (BSB)
Full name
Street address

If you decide to pick the transfer up as cash or have it delivered to a digital wallet, the information you'll need to provide will vary.

How does receiving money from overseas work?

The process may differ depending on the service provider used to send the funds. With some money transfer services, you need to request the transaction reference number from the sender and present the number along with your identification documents. You may also be required to fill out a receive form to access your funds.

With online transfers, the funds are deposited into your account, after which you can withdraw them. You can also receive funds through a prepaid card or mobile wallet.

What type of money transfer should I use to receive money?

Money transfers come in many varieties, all of which can be used to receive money from overseas.

Online transfer. You can use online payment services to transfer and receive funds. The funds are converted into the recipient's currency.
Money transfer. Money transfer companies that offer cash pickup are an easy way to receive money. Just double-check that there's an agent location near you before agreeing to receive a cash transfer.
Prepaid card. You can access your funds through an ATM when using a prepaid card to receive money.
Mobile wallet. Receive and send funds directly from your smartphone when using a mobile wallet.

How do I compare international money transfer services when receiving money?

Fees. This is one of the most essential considerations when comparing money transfer providers. Comparing fees allows you to find the most cost-effective option. But remember to find out about the fees that apply to both the sender and the recipient.
Accessibility. Make sure money transfer providers service your area. Find out if the funds are widely accessible in the areas and via the methods you need.
Exchange rates. As the funds are received in the recipient's currency, you need to determine which of the providers you wish to use has the best rates. Exchange rates could work to greatly decrease the amount sent.
Reputation. You want your funds transfer to be handled by a reputable company. However, there are many money transfer companies to be found online, so the only way you can ensure that your funds are safe is by going with a trusted provider. Look at each company's history and customer reviews before making a decision.

Do I have to pay taxes when receiving money from overseas?

Yes, unless the money transfer falls into specific categories. In short, when receiving more than $10,000 from abroad, you must report it on your taxes.

What are the pros and cons of receiving money from an international money transfer service, rather than a bank?

Pros

Simplicity. Most money transfer systems offer simplicity when it comes to sending and receiving money. You can also receive funds immediately once they're transferred.
Variety. There are various methods one can use to receive money, so you're not forced to work with one service provider.
Security. If you use a trusted money transfer provider, your transaction is safe and secure.

Cons

Fees. Most money transfer providers have applicable fees that could make their services costly.

Bottom line

Receiving money from overseas doesn't have to be expensive or stressful. By comparing your options, you can make sure you aren't paying too much in fees or losing money to a poor exchange rate. Before making a final decision, learn more about how to save money when sending and receiving money from overseas.

Thank you for your feedback!

Alison Banney

Alison Banney is the banking and investments editor at Finder. She has written about finance for over seven years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

More guides on Finder

Finder Daily Deals: The 5 best online deals in Australia today
Today's best Finder Daily deals include: $200 off Bose 700 Noise Cancelling Headphones, 25% off STEM robots, half-price mixed white wines.
Best carpet shampooers in Australia
We compared hundreds of customer reviews and found the five best carpet shampooers you can buy online in Australia.
Best bike lights in Australia
These are the six best bike lights you can buy in Australia right now.
Best PS4 headsets in Australia
These are the best PS4 headsets you can get your hands on right now in Australia.
Best toys for 1-year olds in Australia
These are the 7 best toys you can buy for 1-year-olds in Australia.
Best Ukuleles in Australia
These are the 6 best Ukuleles you can buy right now in Australia.
Square vs PayPal
Both Square and PayPal are popular choices, but which payment processor is best for your business needs?
Bathroom renovations
From costs and finance options to what materials you’ll need, learn about bathroom renovations in this comprehensive guide.
Tap-and-whoa: Aussies racked up $24 billion on credit cards in December
Funding Christmas festivities pushed Aussies $24.3 billion deeper into debt, according to Finder, Australia’s most visited comparison site.
Best eyebrow pencils in Australia
We've found seven of the best eyebrow pencils in Australia right now.

Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

More info

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.

More info

SendFX International Money Transfers

SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

More info

WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.

More info

Ask an Expert

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

34 Responses

BaaleJanuary 21, 2019

Iam in Uganda and my friend is in Australia but wants to send for me money and luggage
iam stack what method should we use

finder Customer Care

JohnJanuary 22, 2019Staff

Hi Baale,

Thank you for reaching out to finder.

You may click on this link to be routed to our page on “Sending money to Uganda”. Once on the page, you could use the calculator to estimate how much would be received in Uganda once the transfer is completed. If this is satisfactory to you, you can click on the “Go to site” button to be routed to the providers page where you could make the transfer.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.As per the luggage, you may need to reach out to local couriers that provide international package delivery for a quote on how much it would cost. Hope this helps!

Cheers,
Reggie

WooferNovember 21, 2018

I would like to GIFT cash to an Australian friend, who is in dire straits. What is the limit, and will it be taxable for her?

finder Customer Care

JohnNovember 21, 2018Staff

Hi Woofer,

Thank you for leaving a question.

For social security means test purposes, individuals and couples (combined) can give up to $10,000 in cash gifts and assets each financial year. This amount is also limited to $30,000 over five consecutive financial years. Hope this helps!

Cheers,
Reggie

JoyAugust 7, 2018

How to track/check the money transfer in ORbitremit..

JoelAugust 7, 2018

Hi Joy,

Thanks for leaving a question on finder.

Your balance will be updated through your account regularly as to the status of your transfer. You can check this by going directly to OrbitRemit’s website. For further help about this, you can go to the help section in their website. You can also learn more about OrbitRemit if you click HERE.

Cheers,
Joel

LindaJanuary 25, 2017

Can money be sent from India to Kenya through Moneygram?

finder Customer Care

JasonJanuary 26, 2017Staff

Hi Linda,

Thank you for your enquiry.

You may send money from India to Kenya through Moneygram. You may also avail the services of these money transfer companies that have agent locations in Kenya listed on this link.

Kind regards,
Jason

LaunicaprincesaNovember 19, 2016

What’s the best way to receive money transfers from Greece to the USA what should I use for this because my partner is trying to send me money but im not eligible for a bank account because my license expired and I can’t renew without a bit certificate my wallet was stolen all I got is a crappy photo copy of the expired license

finder Customer Care

ShirleyNovember 21, 2016Staff

Hi Launicaprincesa,

Thanks for your question.

You can utilise cash pick up services such as Western Union, Moneygram and Worldremit.

All you need is a government ID to pick up the funds from a specified location.

Hope this helps,
Shirley

SophieOctober 30, 2016

Just wondering if the receiver can receive the same currency as the sender.

finder Customer Care

DeeOctober 31, 2016Staff

Hi Sophie,

Thanks for your question.

Yes, same currency transfer is possible. We have a guide how it works on this page.

Cheers,
Anndy

PrabhaOctober 4, 2016

Hello, I will be moving to Australia from India very soon and will need to transfer funds for the initial period. One of my major concern is the charges for incoming wire transfer charges by Australian banks. There does not seem to be one clear figure they charge, it seems to vary due to tie-ups. How can I get information about incoming wire transfer charges?

Are there any Forex services which do a local bank transfer thus avoiding the incoming wire transfer charges.

Thanks.

finder Customer Care

ClarizzaOctober 5, 2016Staff

Hi Prabha,

That is a great question.

Unfortunately you are correct – the fees charged by each bank vary. That’s one reason some people prefer to use dedicated foreign exchange company over banks. You can however look into using an international bank such as Citibank and ING Direct. Generally international banks offer better deals on money transfers and there are some conditions that apply. For example, Citibank offer free global transfers between Citibank accounts in specific countries.

Your other option is to use a dedicated foreign exchange service. Our page on Free Money Transfers might help you – you can use the comparison table to compare exchange rates. However, there may be fees applied from the receiving bank. You may also want to consider our Moving to Australia Guide and our Migrant Banking page.

Regards,
Clarizza

LeonieAugust 10, 2016

Hi I am currently working in California for 3months my pay will go into a western union acct can someone in Australia open an acct for me? And can I then transfer it to a.n.z. or commonwealth acct? As I don’t want to fly home with a bit of cash
Thanks

finder Customer Care

ShirleyAugust 11, 2016Staff

Hi Leonie,

Thanks for your question.

You can set it up so someone in Australia can pick up the cash for you at a Western Union kiosk and then they can deposit it into your bank for you.

Alternatively, you may want to consider an international money transfer service and have the funds directly deposited into your bank account here in Australia, this eliminates the need for someone to pick up the cash.

I hope this has helped.

bungJune 14, 2016

Hi. Do you have a physical office in Thailand ?

finder Customer Care

ShirleyJune 14, 2016Staff

Hi smngrffth,

Thanks for your question.

Since finder.com.au is an Australian third party comparison service, we don’t have any offices in Thailand.

Western Union has a number of kiosks available in Thailand.

michaelMay 20, 2016

Hi i am moving back to melbourne, and i will have a large sum of money transferring back to australia(over a mil AUD). so i don’t trust these small transfer bank. So which is the best rate for bank? st george, westpac, commonwealth, or anz? thanks.

finder Customer Care

ShirleyMay 25, 2016Staff

Hi Michael,

Thanks for your question.

Please note that the international money transfer services that we list are regulated in Australia by ASIC under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 and is regulated by the Australian Transaction Reports and Analysis Centre ‘AUSTRAC’.

The exchange rates will depend on the currency you’re transferring from, so we’re unable to tell you immediately which bank is “best”. Please compare St.George rates here, Westpac rates here, CBA rates here and ANZ rates here.

Be money smart and see Finder’s best credit card deals.

Find a better personal loan deal

Find a better home loan

Want monthly fees on your bank account?

Discover the top share trading platforms.

Discover top performing superannuation funds.

Planning to travel soon? Check out one of our travel money location guides

How much will it cost? Calculate your home loan repayments

Guides

Services

Send Money To

Exchange Rates

CBD Guides

Banks

Receiving money in Australia

PayPal and Western Union aren’t your only options for receiving money from overseas.