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Find the best way to send money to Pakistan

Learn how to send money to Pakistan from Australia in our step-by-step guide.

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Looking for a way to send money to family, friends or a business in Pakistan (or even to your own bank account overseas)? According to MoneySmart, you should avoid Australian banks and go with a money transfer specialist to get better PKR exchange rates and lower fees on international transfers.

Based on the providers we've compared, Xe Money Transfers is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Rocket Remit can get money to your recipient in Pakistan within minutes.

Best ways to send money to Pakistan from Australia

The best way to send money to Pakistan depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Australian dollars or Pakistan rupees money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to Pakistan but they charge extra for the convenience and are often slower than other methods. AU banks generally add a 3% to 6% markup onto exchange rates.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Pakistan.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies to send money to Pakistan

1 - 15 of 15
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Qantas Business Money
Within minutes
$0
Earn 1 Qantas Point per AUD$1 equivalent you convert into foreign currencies. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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Cheapest way to send money to Pakistan

As reported by the ACCC, bank transfers are typically the cheapest way to get your money to Pakistan. Xe Money Transfers and Remitly have some of the lowest bank transfer fees of the brands we've compared.

Remember, it's more important to look at the overall cost of your transfer to Pakistan and this has a couple of elements:
  • Transfer fees. While still cheaper than your Australian bank, money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market AUD/PKR exchange rate.

Certain providers may give the mid-market rate but add fees on top and others will have low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Pakistan rupees your recipient will end up with.

Fastest way to send money to Pakistan

Actual transfer times from Australia to Pakistan can depend on several factors including transfer amount, payment method and currency.

Here are some of the fastest average transfer speeds to Pakistan:
  • Xe Money Transfers — within minutes
  • Rocket Remit — within minutes
  • Instarem — within minutes

Safest way to send money to Pakistan

The safest way to get your money to Pakistan is using a provider registered with Australia's industry regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Australia and Pakistan.

A great way to dive deeper is by reading our reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Pakistan

If you need to make a sizable money transfer to Pakistan, consider using a provider such as Xe Large Transfers or OFX to secure a better PKR exchange rate and benefit from its expertise handling larger transactions.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Pakistan may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the Australian Taxation Office's latest advice.
  • Foreign exchange tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the PKR exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can offer advice and help facilitate transfers.
  • Phone service. If you want to talk your transfer through with someone, providers such as Xe Large Transfers and OFX can provide support over the phone.

How to send money to Pakistan from Australia

To send money to Pakistan, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Pakistan. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Pakistani bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total Pakistan rupees your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Pakistan. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Muhammad transfers money to Pakistan

Muhammad is working in Australia as a doctor and he stays in regular contact with his elderly parents back home in Pakistan. His parents need some funds to help pay off a mortgage, so Muhammad plans to send them $2,000 from Australia.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 AUD = 182.16 PKR 1 AUD = 184.57 PKR
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 362,491.01 PKR 368,674.03 PKR

The money transfer company enables Muhammad to send an extra ₨6,183.02, which is transferred straight to his parents' Habib Bank Limited account.

How to choose a money transfer company for Pakistan

When selecting a provider to transfer money to Pakistan, here are the main factors to consider:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. However, not every money transfer provider offers the mid-market rate so compare the PKR you're offered to the mid-market rate to calculate the margin.
  • Transfer fees. Are you being charged a flat fee or a percentage of the transfer amount? A provider offering to transfer your money to Pakistan for a flat or low fee might work out better if you're sending a large amount.
  • Transfer type. Does your recipient have a Pakistani bank account or is cash pickup a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as MoneyGram offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value.
  • Transfer limits. Find out how much you can send with each service. For example, Rocket Remit has a transfer limit of $1,000 while Instarem allows unlimited transfers.
  • Discounts. Providers may offer you a free transfer simply for signing up. Others may give a discount for transferring more than a specific amount of Pakistan rupees.

Is this a good time to send money to Pakistan?

Compared to a month ago, the Australian dollar is stronger against the Pakistan rupee. Currently, $5,000 is worth ₨927,476.00, whereas a month ago, $5,000 was equivalent to ₨893,035.00. That's an increase of 3.86% over the past month.

But compared to a year ago, the Australian dollar is weaker against the Pakistan rupee. A year ago, $5,000 was equivalent to ₨949,970.00. That's a decrease of 2.37% over 12 months.

What's more important, however, is the strength of the Australian dollar against the Pakistan rupee and where it goes from here – which is harder to call. But whichever way it goes, shopping around has the potential to get you more Pakistan rupees for your Australian dollars and can help you get the best out of any market conditions.

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