A fast, secure and cost-effective way to send money overseas online.
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Launched in 2016, RemitWisely provides money transfer solutions from Australia to over 200 countries around the world. It provides fast, real-time transfer services across the globe and offers bank transfers, SWIFT transfers, digital wallet transfers and cash pickups.
RemitWisely enables you to send up to $8,000 per transaction and offers better exchange rates and lower transaction fees than the banks, meaning you can send more, for less.
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How does RemitWisely work?
RemitWisely is fully regulated by the Australian Securities and Investments Commission (ASIC) and by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Anyone over the age of 18 is able to apply for an account with RemitWisely and send money internationally. If you need to send money internationally, you simply pay RemitWisely via a range of payment options and it will ensure your money is delivered to your recipient in a fast and secure manner.
What money transfer services are available?
RemitWisely offers four different options for transferring money overseas.
Bank transfer. You can transfer money to your recipient's bank account. This may take 1-3 days to arrive depending on your recipient’s local bank.
SWIFT transfer. This is a faster way to send funds to your recipient's bank account and will take between 10 minutes and 24 hours.
Cash pickup. If your recipient needs cash, you can pay RemitWisely and your recipient can pick up the cash from a number of collection points around the world.
Digital wallet. You’re able to transfer funds, in real-time, directly to your recipient's digital wallet.
What are the features and benefits of RemitWisely international money transfers?
Check the features offered by RemitWisely and compare them against other money transfer services to find the solution that best meets your needs.
Send to 200+ countries
Send money online from Australia to over 200 countries around the world from the comfort of your living room.
Mobile app
There is a mobile app available for download through Google Play or through the Apple App Store.
Regulated
RemitWisely is registered with ASIC and regulated by AUSTRAC.
Fast delivery
You can choose to do a SWIFT transfer and your recipient will receive the funds in as little as 10 minutes. You can also select the Bank Priority option to ensure same day transfers.
Competitive exchange rates
RemitWisely offers competitive exchange rates that are guaranteed to beat the rates offered by your bank.
Four options to send money
You can send money via a bank-to-bank transfer, a SWIFT transfer or directly to your recipient's digital wallet. You can also arrange for a cash pickup.
Secure account
To ensure your money is safe and secure, there is a two-factor authentication process required to login to your account.
Minimum and maximum transfer amounts
The minimum transfer amount is AUD$10 and the maximum is AUD$8,000 per single transaction.
Range of payment methods
You can choose to make a payment through a standard bank transfer, through an EFTPOS transaction via Visa or Mastercard or through POLi, PayPal, Apple Pay or Android Pay (coming soon).
What are the pros and cons of using RemitWisely?
Pros
Better exchange rates than the banks
Range of options to send money
Range of payment methods available
Mobile app available
Cons
Fee applies to all transfers
Max transfer limit of $8,000
Compare RemitWisely to other money transfer services
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
How much does it cost to transfer money?
RemitWisely charges a transfer fee on each transaction. These fees range from as little as $2 to $20 for larger transactions. Make sure to check the website and use the transfer calculator to see how much the fee will be for your specific transaction. The exchange rate offered will also affect how much the transfer costs you. To determine the exact cost, you can check the current rates on their website.
RemitWisely is currently running an offer to waive transfer fees on your first transaction when you sign up for an account.
Currency exchange rates offered by RemitWisely
The below rates are indicative only and are correct as of 5 June 2017. Remember to check the rates on the day you will be making your transfer.
Currency
Currency Code
Exchange Rate by RemitWisely
British pounds
GBP
0.57644
US dollar
USD
0.74180
Canadian dollar
CAD
1.00088
Hong Kong dollar
HKD
5.77869
Hungarian forint
HUF
202.01370
Japanese yen
JPY
81.97379
New Zealand dollar
NZD
1.03962
Singapore dollar
SGD
1.02498
Swiss franc
CHF
0.71478
South African rand
ZAR
9.52355
Thai baht
THB
25.20717
Rates correct at 12:15pm 5 June 2017
What do I need to register for an account with RemitWisely?
You can open a personal or business account depending on your currency exchange and money transfer needs. You can sign up for an account online in less than 15 minutes for free. There is no obligation for future transactions once you’ve signed up. To get started, click on the "Apply now" button on this page.
You will be taken to the RemitWisely site where you can begin the application process by clicking on "Register". For your application, you will need to have your personal details including contact information, address and identification handy.
Alison Banney is the banking and investments editor at Finder. She has written about finance for over seven years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply. Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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