Regular overseas payments are simple with overseas money transfers

Now you can make international payments from anywhere without having to pay exorbitant fees.

If you’re travelling overseas for an extended period, you’ll still need to continue paying your bills. Not so long ago, your only legitimate option for sending regular overseas payments was to arrange payments with your bank and pay plenty of fees in the process. But now you can look forward to making regular international payments without incurring fees, and you can even expect locked exchange rates.

International Money Transfer Offer

TorFX International Money Transfers

  • No extra fees
  • Fix your exchange rate for up to 2 years
  • Price-match guarantee
  • Personal account manager

International Money Transfer Offer

TorFX has no charges and 0% commission that lets you save on fees with a competitive exchange rate.

  • Minimum transfer amount: $2,000
  • Online transfer fee: $0
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Promoted

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.682 USD
6,815
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.682 USD
6,815
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.682 USD
6,815
Sign up for a new account and receive a $50 Myer gift card when you transfer $10,000 or more.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.682 USD
6,806
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 1 1 day AUD 0.00 0.677 USD
6,774
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details

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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.

Keep ahead of the curve with daily currency exchange rate alerts

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.682 USD
6,815
Sign up for a new account and receive a $50 Myer gift card when you transfer $10,000 or more.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.682 USD
6,815
Go beyond borders with your business by making fee-free transfers in 30+ currencies. Go to site Show details
EUR 100 1 - 2 days AUD 0.00 0.679 USD
6,788
Go to site Show details
EUR 8 3 - 5 days AUD 5.00 0.679 USD
6,792
A peer-to-peer transfer service with a large range of currencies on offer. One free transfer if you signup via finder.com.au. Go to site Show details
AUD 0 3 - 5 days AUD 30.00 0.661 USD
6,590
Get help sending business payments 24/7 to over 130 currencies with Western Union. Show details

Compare up to 4 providers


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.

Keep ahead of the curve with daily currency exchange rate alerts

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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

Regular international payments

Paying bills when you’re overseas is no longer time consuming or difficult, with a number of online businesses enabling you to do this on the move. When you sign up with a business that makes regular international payments on your behalf, you can expect to find fixed exchange rates for specific time periods. Alternatively, you can also find businesses that take prevailing exchange rates into account before each transfer.


How does making overseas payments work?

Making overseas payments requires you to get in touch with your bank or with a business that offers this service. If you register with your bank, funds can be debited directly from the designated account. If you register with a different business, funds first transfer from your bank account into the account you hold with the business in question. After converting these funds into the chosen currency, the business pays your bills. For either of these options to work, you have to make sure you have adequate funds in the designated bank account around the chosen date each month.


Examples of regular transfers overseas

An increasing number of individuals and businesses need to make regular international payments. For individuals, these payments could include mortgage payments, debt repayments, pension transfers, salary transfers, savings, rental income repatriation and school fees. Regular international payments that businesses need to make include paying wages, paying royalties and paying for services received.


What are some of the ways I can pay my international bills?

  • Fixed regular payments. Mortgage payments, rent and subscription charges tend to remain the same each month, so these qualify for fixed payments. Fixed payments let you benefit from locked exchange rates that protect you from negative exchange rate fluctuations.
  • Non-fixed payments. When it comes to utility bills and other bills that vary from one month to the next, you can’t benefit from locked exchange rates. To make these non-fixed payments, the prevailing exchange rate comes into play.

How do I compare foreign exchange services?

  • Fees. Most banks charge fees for all international transactions you make. You might also have to pay establishment fees to set up a suitable account. This is not the same with online businesses that offer such services, with many offering their services without charging establishment or transfer fees.
  • Accessibility. Can you set up your transactions using the Internet, an app on your smartphone or over the phone?
  • Exchange rates. Exchange rates change every day, but some businesses give you the option to take advantage of a locked exchange rate to make regular payments. Even in such scenarios, the exchange rate varies from one business to another, so compare rates from various companies.
  • Reputation. Given that the number of businesses offering these services continues to grow, it’s important that you pay attention to the business's reputation. After all, what good is signing up for such a service if your payments don’t make it on time? Worse still, what if you lose your money?

Why should I use a money transfer service instead of my bank?

Pros

  • Pay on the move. You could be on a cruise in the middle of the Atlantic, on a safari in Africa or on an expedition in Greenland. Once you set up automatic international bill payments, all you have to worry about is having enough money in your account.
  • No late charges. Late charges enter the picture only if you don’t pay on time. With automatic payments set up ahead of due dates, you won’t have to contend with late charges.
  • Locked rates. If you’re making regular fixed payments, you can benefit by opting for locked rates that protect you from exchange rate fluctuations.

Cons

  • Fees and rates. If a business does not charge fees, it probably makes its profits by offering lower exchange rates. Pay attention to both these aspects.

Frequently asked questions

Is there a minimum and maximum limit to how much I can pay?

There generally is, though limits vary from business to business. Lower and upper limits can vary from $500 to $20,000.

Can I change the dates of transfers?

While you can change the dates of transfers, you might have to do so five to seven days in advance.

Can I cancel transfers?

This is possible in most cases, but you might have to do so five to seven days in advance.

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International Money Transfer Offers

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

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Sign up for a new account and receive a $50 Myer gift card when you transfer $10,000 or more.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
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.

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3 Responses

  1. Default Gravatar
    AidaMarch 19, 2015

    I have GBP Sterling currency in a FE account with an Australian Based bank currently
    I am intending to live in Europe for 12 months and would like to use this money to do so.
    Does this account allow me to load my GBP or does it convert them to Au$ then to Euros? rather than GBP to Euros

    • Avatarfinder Customer Care
      ShirleyMarch 19, 2015Staff

      Hi Aida,

      Thanks for your question.

      Please note that finder.com.au is an online comparison and information service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with a provider featured on this page.

      Or if you could let me know which product you’re specifically referring to, I may be able to assist you further.

      Cheers,
      Shirley

    • Default Gravatar
      AidaMarch 19, 2015

      Hi Shirley
      realised that as i hit the send button – thought I was with the Citibank site – whoops

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