The Comprehensive Guide to Sending Money to Timor-Leste

Information verified correct on December 7th, 2016

Cristo Rei of Dili Timor-LesteFind out how you can send simple, secure and affordable money transfers from Australia to Timor-Leste.

The southeast Asian nation of Timor-Leste, formerly known as East Timor, is one of Australia’s closest international neighbours, so there are plenty of reasons why you might want to send an international money transfer from Australia to Timor-Leste. Happily, there are plenty of transfer providers who can manage your transaction — but you’ll need to compare your options before deciding which one offers the best transfer deal.

Compare Money Transfer Services

Rates last updated December 7th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com.au exclusive exchange rates and $0 transfer fee on all transfers.
AUD 250 1 day Online, Phone, Agent Go to site More
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
AUD 200 1 day Online, Phone, Agent Go to site More

Speak to a FX Expert

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au privacy policy
TorFX Logo

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

Back to top

Banks versus money transfer companies

If you’ve already got an account with a ‘big four’ bank, the easiest transfer option at your disposal might very well be to send an international transfer straight from your bank account. Unfortunately, sending the funds via your bank will not be the most affordable solution, as banks offer some pretty disappointing exchange rates and also charge high transfer fees.

But there’s now an easy and affordable solution when you need to send money overseas. Specialist money transfer companies, including providers like OFX and Currency Fair, offer safe and secure online transfers that are usually much more affordable than bank transfers. With higher exchange rates and lower fees, they can save you a lot of money the next time you send funds overseas.

Tony Sends Money to Timor-Leste

Tony lives in Sydney but has friends all around the world. One of those friends is Charlie, who lives in Dili in Timor-Leste, and who has fallen on some hard financial times. When Charlie finds Tony and asks him for urgent cash, Tony looks for the quickest way to get the funds to his mate.

Tony compares his bank to special transfer service and looks at their exchange rate and transfer fee to see which will be more cost-effective. The results of his comparison are found in the table below.

Australian bankMoney transfer company
Exchange rate1 AUD = 0.66391 AUD = 0.67974 USD
Transfer fee$22$30
Transfer methodOnline, bank or phoneCash pickup transfer
Processing time10 minutes10 minutes
Amount received (in USD)$649.29$679.74
Difference+$30.45

As you can see, Tony’s recipient can receive USD$30.45 more if he uses an international money transfer service.

Back to top

How do I compare transfer companies when transferring and receiving money via Timor-Leste?

  • Exchange rates. Compare quotes from a number of companies to see what sort of exchange rates they offer. The company with the highest exchange rates always sounds like an attractive prospect, but make sure to check how much the company charges in transfer fees as well.
  • Transfer fees. Transaction fees can range from a couple of bucks right through to $70 or even more, so it pays to check how much you’ll have to pay for each transaction before you sign up for an account with a transfer provider.
  • Transfer methods. Online, over the phone, via a mobile app and/or by visiting a branch — how does the company allow you to send transfers?
  • Flexible options. Can you place limit orders or forward contracts and target the exchange rate you want? If you need to send regular transfers, can you set up a recurring payment plan?
  • Turnaround time. Check to see how long the company will take to deliver the money to your beneficiary. Processing times can vary from a few minutes to five business days or more.
  • Transfer limits. Some companies impose minimum and maximum transaction limits, so check to see if these limits will inconvenience you at all.
  • Pickup options. Will the money be sent to your recipient’s bank account, or will they be able to pick up cash from a transfer agent?
  • Customer service. Are phone, email and live online chat available? How quickly will the customer support team answer any questions you have?
Back to top

How do I send money to Timor-Leste from Australia?

  • Specialist transfer companies. Dedicated online transfer companies provide fast and cost-effective international transactions.
  • Cash pickup transfer providers. Search online to see if a cash pickup transfer company has convenient locations in Timor-Leste for your recipient.
  • Bank transfers. Ask for a quote from your bank so you can get an idea of the exchange rate you will receive and the fee you will have to pay to send money to Timor-Leste.
  • International guaranteed cheques. Another option, although a little time consuming, is to obtain an international cheque from your bank and post it to your recipient overseas.

How do I receive money from Timor-Leste in Australia?

  • Specialist transfer companies. Start researching now to see which online transfer companies provide money transfers between Timor-Leste and Australia.
  • Cash pickup transfer providers. Western Union and MoneyGram both offer the convenience of fast cash transfers.
  • Bank transfers. You could also receive a transfer into your Australian bank account from an account in Timor-Leste.
  • International guaranteed cheques. Check with your bank to find out the fees involved in receiving an international cheque.
Back to top

Emergency cash transfers in Timor-Leste

Sometimes you need to get money to another country as fast as possible. If you need to send an emergency cash transfer to Timor-Leste, be prepared to pay more than you would for a normal transaction. Higher transfer fees and lower exchange rates are common features of emergency transfers, so it’s always a good idea to review the transaction details before you send any funds. This is the best way to ensure that you don’t get a nasty surprise the next time you check your bank balance.

Cash pickup locations in Timor-Leste / Western Union / MoneyGram branches in Timor-Leste

Below you will see the details of some Western Union and MoneyGram locations in Timor-Leste. As the two largest money transfer providers in the world, Western Union and MoneyGram offer convenient cash transfers from Australia to destinations all around the world. Just make sure your recipient has a transaction ID number and photo ID when they go to pick up the funds.

Western Union

Dili

  • Pacific Holdings Timor Ltd
    Ground Floor, Sang Tai Hoo Building
    Rua Nicolau Lobato Colmera
    Dili,
    +670-3321589
    Open 9am to 4:30pm Monday to Friday, 9am to 12pm Saturday
  • Pioneer Shop
    Vila Dato
    Liquica,
    +670-7277918
    Open 9am to 3pm Monday to Friday, 9am to 12pm Saturday

Maliana

  • Loja Kmanek
    Lahomea Maliana,
    Bobonaro
    +670-3321 589
    Open 9am to 4:30pm Monday to Friday, 9am to 12:30pm Saturday

MoneyGram

Dili

  • Island Dream Money LDA
    Rua De Luis Dos Reis Noronha
    Villa Verde
    DILI,
    7611000
    Open 7am to 8pm Monday to Saturday
  • Island Dream Money LDA
    Rua Berlarmino Lobo Ailele Hun
    Dili,
    7611000
    Open 7am to 8pm Monday to Saturday

Maliana

  • Island Dream Money
    Telkomcel Plaza Maliana
    Maliana, 604
    7611000
    Open 7am to 6pm Monday to Saturday
  • Island Dream Money
    Telkomcel Plaza Gleno Ermera
    Gleno Ermera, 608
    7611000
    Open 7am to 6pm Monday to Saturday
Back to top

Tips for picking up cash in Timor-Leste

The Department of Foreign Affairs and Trade recommends that Australian visitors to Timor-Leste exercise a high degree of caution, so take care when collecting cash from a transfer agent. Confirm the agent’s location and opening hours before visiting and only go to a cash pickup branch in an area you know to be safe. Take a friend along rather than picking up cash alone, and make sure not to display your cash in public and make yourself an easy target for thieves.

Back to top

What are the steps to send money to Timor-Leste?

The transfer method you must follow will vary depending on the transfer provider you choose, but you will generally need to:

  1. Sign up for an account. This is usually free to do. You may be able to sign up online or by visiting a branch, and you’ll need to supply your name, contact details and proof of ID.
  2. Provide your transaction details. You’ll need to specify where you are sending the money, how much you are sending and who will be receiving the funds.
  3. Complete your transfer. You can then submit your transfer after reviewing the exchange rate you will receive and the transaction fee you will need to pay. Most providers will then give you a reference number that you can use to track the progress of your funds.

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

Exclusive: World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Exclusive: CurrencyFair International Money Transfers

Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.

FC Exchange International Money Transfers

No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback