Compare international money transfers

Exchange rates and fees vary widely between providers and move constantly, so it's important to compare your options before sending money overseas.

We've scoured the market to find the best international money transfer services based on the amount you're sending, transfer fees, exchange rates and flexible options.

Compare international money transfer companies

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25 of 38 results

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Filter Values	Finder Score	Fastest Transfer Speed	Fees (Pay by Bank Transfer)
TorFX		8.9 Great	24 hours	$0	TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000. Same-day transfers between AUD and NZD (under $100,000).	Go to site View details Compare product selection Compare	loading
OFX		9.3 Excellent	24 hours	$15	OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.	Go to site View details Compare product selection Compare	loading
Revolut		9.2 Excellent	Within minutes	From 0.15%	Send money with great rates and low fees in 40+ currencies. Plan fees apply.	Continue View details Compare product selection Compare	loading
Xe Money Transfers		9.4 Excellent	Within minutes	$0	Xe has fast transfers, low fees and a range of foreign currency tools. Send money to 200 countries in 100 currencies.	Continue View details Compare product selection Compare	loading
Wise Most Loved		9 Excellent	Within minutes	From 0.63%	Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.	Go to site View details Compare product selection Compare	loading
TorFX		8.5 Great	24 hours	$0	TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000. Same-day transfers between AUD and NZD (under $100,000).	Go to site View details Compare product selection Compare	loading
OFX		7.5 Great	24 hours	$0	OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.	Go to site View details Compare product selection Compare	loading
Xe Large Transfers		9 Excellent	24 hours	$0	Xe has fast transfers, low fees and a range of foreign currency tools. Send money to 200 countries in 100 currencies.	Continue View details Compare product selection Compare	loading
TorFX Business Transfers		Not scored yet	24 hours	$0	TorFX guarantees to match any competitor's exchange rate. T&Cs apply.	TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.	Go to site View details Compare product selection Compare	loading
OFX Business Transfers		Not scored yet	24 hours	$0	OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.	Go to site View details Compare product selection Compare	loading
Send Payments		6.7 Standard	24 hours	$0	Send provides no Send payments fee transfers via its 24/7 multi-currency payments platform with real-time quotes.	Go to site View details Compare product selection Compare	loading
Remitly		9.3 Excellent	Within minutes	From $0	Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site View details Compare product selection Compare	loading
Rocket Remit		7.2 Great	Within minutes	From $0 to $5	Send money instantly to friends and family in over 45 countries using just your mobile number.	Go to site View details Compare product selection Compare	loading
WorldFirst		Not scored yet	24 hours	From $0	Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.	Go to site View details Compare product selection Compare	loading
Send business		Not scored yet	24 hours	$0	Send provides no Send payments fee transfers via its 24/7 multi-currency payments platform with real-time quotes.	Go to site View details Compare product selection Compare	loading
MoneyGram		8.1 Great	Within minutes	Varies	MoneyGram has fast cash pick-up transfers to more than 440,000 agent locations worldwide.	Go to site View details Compare product selection Compare	loading
Send Payments		7.9 Great	24 hours	$0	Send provides no Send payments fee transfers via its 24/7 multi-currency payments platform with real-time quotes.	Go to site View details Compare product selection Compare	loading
Qantas Business Money		Not scored yet	Within minutes	$0	Earn 1 Qantas Point on every $1AUD equivalent converted in foreign currency. T&Cs apply.	Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.	Continue View details Compare product selection Compare	loading
Xe Business Transfers		Not scored yet	Within minutes	$0	Xe has fast transfers, low fees and a range of foreign currency tools. Send money to 200 countries in 130+ currencies.	Continue View details Compare product selection Compare	loading
CurrencyFair		6.3 Standard	24 hours	€3	New customers get 10 fee-free transfers for the first 6 months. T&Cs apply.	CurrencyFair has bank-beating exchange rates and fast transfer times on 20+ popular currencies.	Continue View details Compare product selection Compare	loading
CurrencyFair		6.2 Standard	24 hours	€3	New customers get 10 fee-free transfers for the first 6 months. T&Cs apply.	CurrencyFair has bank-beating exchange rates and fast transfer times on 20+ popular currencies.	Continue View details Compare product selection Compare	loading
Revolut Business		Not scored yet	Within minutes	$0	Revolut allows your business to move money around the world quickly and cheaply with 40+ currencies and no maximum limit transfers. Plan fees apply.	Continue View details Compare product selection Compare	loading
OrbitRemit		9 Excellent	Within minutes	$0-$4	Get a $0 fee and special promotional rate on your first transfer with OrbitRemit. T&Cs apply.	OrbitRemit sends to over 45+ countries for a flat fee and transparent exchange rate.	Continue View details Compare product selection Compare	loading
Airwallex		Not scored yet	Within minutes	$0	0% foreign exchange margin and $0 fees on your first $20,000. T&Cs apply.	Streamline global payments across 150+ countries with fast settlements and competitive rates in over 60 currencies.	Continue View details Compare product selection Compare	loading
CurrencyFair		Not scored yet	24 hours	€3	CurrencyFair has bank-beating exchange rates and fast transfer times on 20+ popular currencies.	Continue View details Compare product selection Compare	loading

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How we picked these

Finder Score for money transfer

We review money transfer providers for different features to assign them a score out of 10. The higher the score, the more competitive the product.

Read the full methodology

We only list services regulated by ASIC or AUSTRAC.

Every service we compare has been reviewed by our editorial team.

What is an international money transfer?

An international money transfer is the process of sending money between people or financial accounts in different countries.

Typically, you need to give a bank or money transfer service your recipient's details and the money you want to send.

They will convert your funds into the recipient's currency at their exchange rate and send the payment electronically to your recipient.

Depending on the money transfer provider, you will be able to send funds online, via mobile app, over the phone or in person.

Globally, cross-border payments are worth around US$1 quadrillion a year – that's trillions of dollars moving between countries every day.

Best (and cheapest) ways to transfer money overseas

Compare money transfer services

Best banks for international money transfers

As of September 2026, all of the big four banks (CommBank, NAB, ANZ and Westpac) offer fee-free international transfers when you send money in a foreign currency online or via their app.

If you're looking to receive money from overseas, Westpac waives its $12 fee on transfers of $100 or less.

In terms of conversion fees, most banks typically charge a 2% to 6% markup onto exchange rates and can charge extra for receiving money from overseas.

How to send money using an online money transfer service

Sending an international money transfer through an online service is simple:

1. Compare services, and select one that suits your needs.
2. Create an account by entering personal details such as your name, date of birth, email, address and phone number.
3. You'll need to verify your identity, usually with your passport or driver's licence, before you can send money. Some services may also ask for proof of address or extra documents to unlock higher transfer limits.
4. Link your bank account, debit card or credit card to your newly-created account, so you can pay for transfers. Alternatively, you may need to transfer funds from your bank account.

Most of the time, you can access your account straight away, but you may not be able to send money until your identity is verified, which can take anywhere from a few minutes to a couple of business days.

Our expert says

"Don't just choose your bank! Specialist money transfer services have much cheaper rates. Loyalty to a single provider doesn't pay off either - if you regularly need to send money to family, compare to make sure that you're still on the best deal."

Angus Kidman

Editor-at-large

What do I need to send and receive money abroad?

Make sure you have the following on hand when making an international money transfer.

• Your personal details. Name, date of birth, address, phone number and government-issued identification like a driver's licence or passport. Additional details may be required for security purposes, particularly for very large transfers.
• Your recipient's personal details. Bank name and address, SWIFT/BIC code, and your recipient's account number or IBAN. Some countries use other codes too, such as a routing number for the US.
• Your recipient's bank information. Bank name, address, routing number, SWIFT code and your recipient's account number.
• Payment. Check beforehand what types of payment methods are acceptable. For example, not all money transfer services accept credit cards.

For most transfers, a government-issued ID is all you need, though your provider may ask for proof of address or where your money came from for larger amounts.
However, it's worth knowing that your provider reports every international transfer to AUSTRAC, Australia's financial intelligence agency, whatever the amount. There's no $10,000 threshold for electronic transfers, and you don't need to report anything yourself. The $10,000 declaration only applies if you're physically carrying cash across the border.

How much does it cost to transfer money internationally?

The cost of sending money overseas varies between service providers. Factors like the type of transfer, destination country and amount being sent affect your total cost.

Generally, banks and money transfers services make money from international transfers in two ways:

1. Transfer fee. This is typically a flat fee or a percentage of the transfer amount.
2. Exchange rate margin. Most banks and money transfer services make a profit by adding a markup to the mid-market rate (the "true" exchange rate between two currencies). To save money, look for services that have as small a markup as possible.
3. Other bank fees. Intermediary (correspondent) banks and your recipient's bank may also deduct their own fees, which can reduce the amount that arrives.

Services that charge no transfer fee sometimes make up for it with a poor exchange rate. This is why you should review the total transfer cost, not just the fee or exchange rate.

Let's crunch the numbers: Sending $10,000 to the US

According to our research, using a money transfer provider could mean your recipient gets US$244.99 more (around A$346) on a $10,000 transfer to the US.
We've compared the likely cost of sending money to the US using a money transfer service or an Australian bank.

CBA adds a 3.97% markup on the USD exchange rate while OFX just adds a margin of 0.51%.

This isn't surprising, as a 2024 ACCC report found the big four banks were consistently the most expensive providers for international money transfers.⁶

Compare money transfer services

What's the fastest way to send money internationally?

Providers such as Wise, WorldRemit and Western Union offer quick and near instant money transfers.

Here's a breakdown of your options if you're looking to send money overseas within 24 hours:

"With all my family and friends overseas we end up transferring money back and forth to eachother a lot. So I've tried and tested a few ways to send money. Some of the banks can stack up the fees and make it so much more expensive, but if you take a look at some of the top providers like Wise or Revolut it can save you a lot."

Rebecca Pike

Editor, Money

Money Transfer Customer Satisfaction Ratings

We asked 800+ people to rate their favourite money transfer provider based on value for money, customer service, features and more – here's who came out on top. Wise topped the charts, followed by PayPal and OFX.

Sending to a specific country?

• New Zealand

• China

• India

• Nepal

• The Philippines

• UK

• USA

• Vietnam

View all countries

Frequently asked questions

• What is the cheapest way to transfer money internationally?

  Normally, using a bank transfer to fund your international money transfer is the cheapest way to send money overseas. Fees and options vary between providers, so the cheapest option depends on which service you choose and how you transfer the money.

• How long does an international money transfer take?

  In general, if you pay with a credit or debit card, your money will arrive fast — often within the day. Paying by bank transfer is slower and can take up to 2-4 business days to process. Check out our guide on factors that can affect your transfer to learn more.

• What is the best international money transfer company?

  Based on Finder Scores, Xe (9.4), OFX (9.3) and Remitly (9.3) rate highest for fees, exchange rates and speed.

• Which bank is best for international transfers in Australia?

  As of February 2025, Macquarie, NAB and CommBank are some of the best banks for international transfers as they waive fees on certain international transfers, but you're still likely to save more money using a dedicated international money transfer service.

• Can I transfer money internationally instantly?

  It's possible to send money within seconds to an hour to many countries if you use Wise, WorldRemit or Western Union, though speeds vary by destination and delivery method. Traditional bank transfers usually pass through several intermediary banks before reaching your recipient, which is why they can take days. Services like Wise are often faster because they use local bank accounts in each country to pay out the money, avoiding much of that chain. If you choose cash pickup, your money could be ready to collect within minutes. With some services, such as Wise, transfers to a bank account can arrive in as little as 20 seconds.

• Are there maximum sending limits for international money transfers?

  Legally, there are no limits on the amount of money you can send out of Australia. Providers such as TorFX and OFX have no maximum transfer limit, although your bank's daily limits may apply and very large transfers may need to be arranged over the phone. Other providers do set caps. For example, Remitly lets you send up to A$45,000 in a single transfer. Your provider reports every international transfer to AUSTRAC regardless of size. There's no $10,000 threshold for electronic transfers, and you don't need to report anything yourself, but your provider may ask where the money came from for larger amounts. The $10,000 declaration only applies if you carry cash across the border.

• Do you need a BSB code for an international transfer?

  You don't need a BSB number for international transfers as they are only used for domestic transfers in Australia. Instead, you will need a SWIFT code for international transfers.

• What is a cash pickup?

  A cash pick up allows your recipient to pick their money up in cash from a physical location. Cash pickups can be fast and convenient, and are available worldwide. They allow your recipient to have instant access to the money you sent, without needing a bank account.

  If you need to send money overseas to a loved one without a bank account, then you can use a money transfer specialist which offers cash pickups. These transfers are fast and secure, with pickup locations available across the globe. However, you need to watch out for weaker exchange rates and higher fees compared to deposit transfers.

• How does cash pickup work?

  Cash pickup services vary from company, but typically they require 4 simple steps:

  1. Place your order. You submit your recipient's details, the amount you're sending and other information through the provider's website or app, or at one of its agent locations. Some providers require you to choose a specific location for pickup. Take care to enter your recipient's name as shown on their ID to avoid any issues with pickup.
  2. Wait for processing. The processing time for your transfer will depend on which provider you use, but most expedite cash pickups. Once processed, you'll receive a transfer reference number that you can use to track your transfer. Share it only with your recipient, as they'll need it to collect the cash (some providers text it to your recipient directly).
  3. Recipient picks up cash. Your recipient picks up the cash from the location you have specified, or at a convenient location in the company's network. They will need to take your transfer reference number with them, as well as some official ID.
  4. Get confirmation. Once your recipient collects the cash, the status of your transfer will be updated. Some providers will notify you by text or email, or you can track it using your transfer reference number.

• When is the best time to transfer money?

  To avoid busy periods at the beginning and end of the month, it's better to transfer money halfway through the month. Doing this will ensure your transfer arrives on time as there is a lower chance of delays because it's an off-peak time.

• How to make sure my international money transfer is safe?

  Many money transfer services implement industry-standard measures for protecting your personal data and money, similar to banks. This can include data encryption, SSL certificates, multi-factor authentication and regular monitoring to detect and prevent fraudulent activity.

To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten as part of our fact-checking process.

Written by

Sarah Megginson

Money expert + media spokesperson

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Sarah is the author of How to Raise Rich Kids. With over 20 years of experience in property, finance and investment journalism, she is a trusted expert whose insights regularly appear across television, radio and print media, including Sunrise, Channel 7 News, Bloomberg and Yahoo! Finance. She has previously served as managing editor for Your Investment Property and Australian Broker. Her expert advice has been shared in the media over 4,000 times. Sarah holds a Bachelor’s degree in Communications and a Tier 1 Generic Knowledge certification, which complies with ASIC standards. See full bio

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