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An international money transfer service are the middle men when it comes to sending money overseas. You open an account with a money transfer service, deposit funds into the account from your everyday bank account, provide the money transfer service with the details of your recipient and the money transfer service will do the rest.
A money transfer service will get you a better exchange rate than the banks, and usually charge much lower fees. Our infographic on this page outlines the process.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
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Heidi just moved from Almere to Brisbane with her husband and her twin daughters. Her extended family still lives in the Netherlands, and they often send cash gifts for the little girls. Heidi is always on the lookout for cheaper, quicker ways to send money between the Netherlands and Australia.
| Bank transfer service | Dedicated money transfer service (online) | |
|---|---|---|
| Exchange rate | $1 = €0.63 | $1 = €0.63 |
| Transfer fee | $22 (via bank's app) | $0 |
| Amount received for $500 | €301.14 | €315 |
| Transfer time | Within 3 business days | 1 to 3 business days |
| Transfer options | Online transfer to bank account | Bank transfer |
| Difference | $13.86 |
Heidi saves $13.86 because she took the time to compare two online transfer services. While the turnaround time and exchange rate are the same, there’s a $22 difference in the service fee levied.
Ask yourself these following questions:
You can send money to the Netherlands in the following ways:
There are several quick, easy ways to send money to Australia from the Netherlands. Here are a few to consider:
If you’re in a tight spot and need money sent to the Netherlands in a hurry, there are a few transfer methods that guarantee quick - sometimes instant - delivery.
Below are a few pick-up locations for money sent via Western Union and MoneyGram.
The Department of Foreign Affairs and Trade advises a normal level of safety precautions while in the Netherlands. While crime is relatively low, there is a heightened threat of terrorism. If you’re going to collect cash at a money transfer agency, try and take someone with you. Be sure to get there during office hours, so you don’t have to wait around by yourself until they open.
Depending on the service you choose, you’ll need to provide some or all of the following information:
The bank or transfer service will send you a confirmation email or give you a receipt if you’ve made the transfer in person.
Thanks to a variety of money-transfer agencies facilitating international transfers to the Netherlands, you have several options at your disposal.
