Need to receive money from overseas? Here's how |

Receiving money in Australia

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

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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.

Open a multi-currency account with Wise

Wise is an international account for 50+ currencies with fast money transfers, a muti-currency debit card and bank details for 30 different countries to make payments easy.

  • Government regulated
  • Supports 50+ currencies
  • Uses the mid-market rate

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:

  1. International money transfer company — Find a company that fits your needs by comparing a variety of companies before you receive your transfer.
  2. Money order - Sometimes called a bank draft, an international money order is an inexpensive and slow way to receive money.
  3. 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.
  4. 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.
  5. 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.

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.768 USD
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions 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.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.77 USD
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.771 USD
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 Show details
AUD 2,000 1 day AUD 0.00 0.77 USD
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.77 USD
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 1 1 day AUD 52.00 0.77 USD
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 Show details
AUD 10 Within an hour AUD 2.99 0.765 USD
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 Show details
AUD 1 Same day AUD 0.00 0.77 USD
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.773 USD
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 Show details
AUD 5 1 - 2 days EUR 3.00 0.766 USD
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 Show details
AUD 1 Same day AUD 3.99 0.764 USD
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 Show details
AUD 1 1 - 2 days AUD 45.00 0.773 USD
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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?


  • 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.


  • 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.

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions 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.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for TorFX International Money Transfers
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.

Logo for Send International Money Transfers
Send International Money Transfers

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

Ask an Expert

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34 Responses

    Default Gravatar
    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

      Avatarfinder Customer Care
      JohnJanuary 22, 2019Staff

      Hi Baale,

      Thank you for reaching out to Finder.

      You may refer to our guide in sending money to Uganda. You can 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 provider’s page where you could make the transfer.

      Please ensure that you read through the relevant Terms and Conditions before sending your money.

      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!


    Default Gravatar
    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?

      Avatarfinder 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!


    Default Gravatar
    JoyAugust 7, 2018

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

      Default Gravatar
      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 on their website. You can also learn more about OrbitRemit from our guide. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you initiate a money transfer.


    Default Gravatar
    LindaJanuary 25, 2017

    Can money be sent from India to Kenya through Moneygram?

      Avatarfinder 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.

      Kind regards,

    Default Gravatar
    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

      Avatarfinder 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,

    Default Gravatar
    SophieOctober 30, 2016

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

      Avatarfinder Customer Care
      DeeOctober 31, 2016Staff

      Hi Sophie,

      Thanks for your question.

      Yes, same currency transfer is possible. Please read our foreign exchange guide to know how it works.


    Default Gravatar
    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.


      Avatarfinder 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 companies 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 offers free global transfers between Citibank accounts in specific countries.

      Your other option is to use a dedicated foreign exchange service. Our page, 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 Guide.


    Default Gravatar
    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

      Avatarfinder 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. They can, then, 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.

    Default Gravatar
    bungJune 14, 2016

    Hi. Do you have a physical office in Thailand ?

      Avatarfinder Customer Care
      ShirleyJune 14, 2016Staff

      Hi smngrffth,

      Thanks for your question.

      Regarding your question, I’m we don’t have any offices in Thailand.

      If you wish, you can check Western Union, which has a number of kiosks available in Thailand.


    Default Gravatar
    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.

      Avatarfinder 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, Westpac rates, CBA rates and ANZ rates.


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