Why pick Revolut instead?
- Revolut's app has a great user experience
- No transfer limit on most major currencies
- Get close to the mid-market rate during market hours (Mon to Fri)

By
Rosie RussellUpdated
We've handpicked some of the most popular alternatives and highlighted what features they have that Wise doesn't.

Revolut is a newcomer to the money transfer space in Australia, they offer a convenient service at competitive exchange rates.

Also known as OzForex, OFX launched in Australia in 1998 and aims to beat the exchange rates offered by banks.

TorFX lets you make personal or business transfers in 40+ currencies around the world.

Instarem supports almost instant transfers and has transparent fees.

Remitly has a two-speed system in which you get the choice of speed versus fees.

WorldRemit has one of the largest ranges of countries you can send to, as well as a variety of payment options.

One of the most well-known transfer brands, MoneyGram sends money to more than 200 countries.

Peer-to-peer currency exchange marketplace, with fair exchange rate markups for small transfers

Western Union is a brand synonymous with money transfers and has a massive network of agent locations globally. They provide a convenient way to transfer money and have flexible transfer options.
| Response | |
|---|---|
| Money transfer specialist (eg. TorFX or Western Union) | 48.89% |
| Bank | 41.11% |
| Other | 10% |
Alternatively, learn more about Wise in our review.
Looking for other options? Check out these similar products.
How we picked theseWe review money transfer providers for different features to assign them a score out of 10. The higher the score, the more competitive the product.
Alternatives to Wise's multi-currency account include Revolut, PayPal and OFX, which offer similar services for holding and transferring money in multiple currencies.
Yes, Wise operates legally in Australia. It is licensed and regulated by the Australian Securities and Investments Commission (ASIC) for the financial products it offers - Wise Australia Pty Ltd holds AFS licence number 513764 - and is a reporting entity under the anti-money laundering laws AUSTRAC administers. Neither a licence nor AUSTRAC oversight is a government guarantee of your money.
Wise's biggest competitors include PayPal, Revolut, OFX and WorldRemit. These companies provide similar international transfer and currency exchange services.
Apps like Revolut and PayPal may offer better features depending on your needs. They provide similar services for international money transfers, but with unique benefits like cryptocurrency trading or fee-free payments in select regions.
Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
Rosie Russell was a money transfers producer at Finder. She is on a mission to make personal finance easier to understand. Rosie has a Bachelor of Communication (Journalism) and Bachelor of Arts in International Studies from the University of Technology Sydney. See full bio
Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.
Check out these seven alternatives to XE to find the best money transfer provider for your needs.
MasterRemit allows you to transfer your money quickly in a range of currencies.
If you're looking to transfer money out of Australia, read our guide on the six best transfer companies.
We compare two international transfer services, OFX and TorFX, including their rates, fees and speed.
How do OFX and Wise stack up to each other for international money transfers?
We compare Wise and CurrencyFair to see which can give you a better deal.
Use WorldFirst to send money around the world securely with competitive exchange rates.
Learn how Ria Money Transfer, the third-largest provider of international money transfers in the world, may help you get more money to your destination with competitive exchange rates and low fees.
Looking for an alternative for sending money overseas? Check out Instarem’s low-fee transfers.
A simple guide to sending money overseas for existing ING account holders.
Finder is a comparison service. We do not compare every product or every provider in the market.
We make money through commercial arrangements with some of the providers on this site. Products marked 'Sponsored', 'Promoted', 'Featured' or 'Advertisement' appear as a result of a commercial arrangement.
Our editorial content, product reviews and any 'Top Pick' designations are prepared independently of these commercial arrangements.
The default order of products in our tables can be influenced by commercial arrangements. You can re-sort or filter using the controls above each table.
Some content on this site may be generated or supported by AI tools. You should verify details directly with the provider.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
Our comparison service does not include every product or every provider in the market. Some product issuers offer their products under multiple brands or through associated companies. Where we can, we identify the underlying issuer so you can compare like with like, but you should always check with the provider directly to confirm which brand you are dealing with.
Finder is a comparison website and an intermediary. We are not a product issuer and we do not provide personal financial or credit advice. When you click a link to a product, or apply for a product through our site, you deal directly with the product issuer. We may receive a referral fee, commission or other payment from the issuer if you click through, apply or take out a product. We describe these arrangements in more detail under 'How we make money' below.
Product features, fees, terms and eligibility criteria are set by the product issuer and may change. We rely on information supplied by issuers when we present product details on our site. Before you apply for or take out any product, you should confirm the details directly with the issuer.
We earn revenue from Finder in four principal ways:
Referral fees and commissions. When you click a product link, complete an enquiry form or apply for a product through our site, we may receive a referral fee, commission or other payment from the product issuer. We may also receive payment based on the volume of leads or conversions we send to an issuer.
Sponsored placements. Products marked 'Sponsored', 'Promoted', 'Featured' or 'Advertisement' appear as a result of a commercial arrangement between Finder and the issuer. These labels always indicate a paid placement. We do not use them for editorial choices.
Display advertising. Banner advertising, newsletter advertising and similar display ads on our site are paid by advertisers.
Content sponsorship. Some articles, videos and social media posts are sponsored by an issuer and are clearly labelled as such.
Our editorial opinions, product reviews and any 'Top Pick' designations are prepared independently of these commercial arrangements. A 'Top Pick' is an editorial choice made by our writers and editors based on the criteria described on each comparison page. A 'Top Pick' is not a personal recommendation and does not mean the product is appropriate for your circumstances.
If you would like to know whether we have a commercial arrangement with a specific product issuer, please contact us.
When products are grouped in a table or list, the default order can be influenced by commercial arrangements we have with product issuers. In some categories, sponsored or featured products appear in the top positions of the table by default, and are always labelled as such.
Other factors that influence default order include price, fees and features, and (where relevant) our editorial view of the product.
You can re-sort every comparison table using the controls above the table. You can filter by product features that matter to you. The order you see after re-sorting or filtering is not influenced by commercial arrangements.
Some content on this site is generated or supported by artificial intelligence tools, including our AI-powered assistant FinderBot. AI-generated content may contain errors. Please verify important information directly with the product issuer before making a financial decision. For more information about FinderBot, see the FinderBot Terms of Use and FinderBot Privacy Collection Notice.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Thank you for your feedback
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.