- Government regulated
- Supports 50+ currencies
- Uses the mid-market rate
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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.
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:
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.
In order to receive money from overseas, you'll need to provide specific details about your bank, including:
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.
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.
Money transfers come in many varieties, all of which can be used to receive 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.
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.
New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
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.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
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