How to send money to Europe cheaply

Find the most affordable and convenient way to send an international money transfer from Australia to Europe.


TorFX Offer

TorFX Offer logo
  • No transfer fees
  • Price match guarantee
  • Dedicated account manager assigned to you
  • Forex tools available
Go to site

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Need to send money from Australia to Europe? If you don’t know what you’re doing, poor exchange rates and high fees can make sending an international money transfer an expensive exercise. -Although if you compare your options and shop around for an affordable transfer provider, you’ll find the best value for money when transferring funds to Europe.

Compare easy money transfer options between Australia and Europe below

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 250 1 - 2 days AUD 0.00 0.636 EUR
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 50.00 0.635 EUR
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.635 EUR
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.636 EUR
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.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.635 EUR
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.636 EUR
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.63 EUR
Use code Take10AUD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.637 EUR
Exclusive: Use code FINDER60 to get AUD 30 off your first two transfers. Valid for transfers over AUD 250 and till 31 January 2022. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.636 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How to send money to Europe

There are a few options to consider when you want to send Euros overseas:

  • Banks. You can send an international transfer straight from your regular transaction account to your recipient’s account overseas. However, you’ll need to be willing to accept a low exchange rate and also pay a transfer fee of around $15 or more.
  • Online money transfer companies. Recent years have seen the emergence of online providers that specialise solely in international money transfers and foreign exchange. These providers, such as TorFX and OFX, tend to offer superior exchange rates and lower transfer fees when compared to the banks.
  • Cash transfer companies. If you need to send a fast cash transfer overseas, there are some providers that specialise in offering this particular service. Companies like Western Union and MoneyGram operate vast international transfer networks, allowing you to send funds overseas within minutes so your recipient can quickly access the cash you transfer.

While exchange rates and transfer fees vary according to a wide range of factors, as a general rule if you’re looking for the cheapest way to send money to Europe, specialist online transfer companies will usually come out on top.

Banks vs money transfer companies

How much money could you save if you use an online transfer company instead of a bank to send money to Europe? Let’s look at a case study.

Let’s assume you want to send AUD$2,000 to your aunt in France. You could send the funds with your regular “Big Four” bank, but you decide to shop around and see if a couple of online transfer companies can offer a better deal.

As you can see in the table below, you could send an extra 71.20 EUR simply by using an online transfer company instead of a bank. You could also save AUD$18 in transfer fees, making the specialist transfer company a much more cost-effective option than your bank.

BankOnline transfer company
Exchange rate1 AUD = 0.6000 EUR1 AUD = 0.6371 EUR
Transfer fee$22$4
Transfer timeTwo to four business daysOne to four business days
Amount sent (in AUD)$2,000$2,000
Amount received (in EUR)€1,200€1,271.20
Difference in amount received (in EUR)€71.20

*The rates and figures quoted in this example were correct as of 4 December 2017. Always request a quote from a provider to receive up-to-date exchange rates and fees.

Today's exchange rate AUD to EUR

How to compare money transfer providers

Okay, so you’ve decided to find an online transfer company to help you send money to Europe, but how can you choose a provider from the several available? Make sure to weigh up the pros and cons of each company and consider the following factors:

  • Exchange rates. The case study above shows how even a minor variation in the exchange rate can make a big difference to the overall transaction cost. Shop around to find out which company regularly offers the best rates for your regular transfer destinations.
  • Transfer fees. Always remember to compare exchange rates alongside the fee that applies to each transaction, as some providers that suck you in with a great rate may also charge a high fee.
  • Transfer time. How long will it take until the money you send is available for your recipient to collect? If you need to send funds as quickly as possible, you may need to consider using a company that offers instant cash transfers.
  • Forward contracts. Check to see whether the provider offers forward contracts, which allow you to lock in an exchange rate today for a transaction that will take place weeks, months or even a year into the future.
  • Limit orders. Some providers will also offer limit orders, which allow you to specify the exchange rate you want for a transaction, then execute the transfer when that rate becomes available.
  • Regular payments. If you need to send a recurring payment overseas, for example if you’re paying rent on an overseas property, check to see whether you can set up a regular payment plan. This is a very convenient service that can save you a lot of time, but remember to make sure that it doesn’t attract any additional fees.
  • Supported currencies. Not every transfer provider will support every global currency, so make sure the provider you choose allows you to send all your desired currencies.
  • Customer service. If you ever need help with a transaction or have a question about your account, how can you get in touch with the provider? Does it have an online help centre? During what hours can you contact the customer service team?

Emergency cash transfers to Europe

Need to send an emergency cash transfer to Europe? For example, maybe your teenage son or daughter is travelling across the continent and has run out of money?

When you need to get money overseas quickly, consider using a company like Western Union or MoneyGram to send an instant cash transfer. These providers have hundreds of thousands of agent locations around the world where your recipient can pick up the cash you send within minutes of you sending the transfer.

However, there are also a couple of other options for Aussies overseas who need access to emergency cash:

  • Your bank. Many Australian banks offer emergency services to help you access cash or a replacement card if you lose it overseas or have your wallet stolen.
  • Travel insurance. If you have travel insurance, your insurer may provide an emergency cash allowance if your wallet is stolen overseas.

Cash pickup locations in Europe

If you’re sending an emergency cash transfer from Australia to Europe, both Western Union and MoneyGram offer multiple cash pickup locations throughout the Eurozone. The details on some easily-accessible locations can be found below:

Western Union


  • La Banque Postale
    9 Place De L'hotel De VilleParis,
    Open 8am-6:30pm Monday to Friday, 8am-11:30am Saturday
  • Change Master Arcole
    21 Rue D ArcoleParis,
    Ile De France 75004+33-800900191
    Open 9:45am-9pm 7 days a week


  • Banca Popolare
    C So Vitt Eman Ii 299Roma Succursale SRoma,
    Roma 00186+39-800601622
    Open 8:35am-3:35pm Monday to Friday
  • Open World System SRL
    Corso Vittorio Emanuele Ii 274 ARoma,
    Roma 00186+39-6-68192051
    Open 8:30am-8pm Monday to Saturday, 4pm-8pm Sunday



  • Tabac De La Raynie
    26 Rue De La ReynieParis,
    Open 1pm-8pm Monday to Saturday
  • ICEF
    9 Rue BergerMetro RER Chatelet-Les HallesParis,
    7500133142360877Open 8am-7pm Monday to Saturday


  • Poste Italiane
    Via Firenze 36Roma,
    Open 8:25am-3pm Monday to Friday
  • Community SNC
    Via D Manin 6 8Roma,
    Open 5am-11pm 7 days a week

Learn more about using the Euro in Europe

Tips for picking up cash in Europe

If you’re picking up a cash transfer from an agent location anywhere in Europe, make sure to remember a few simple safety tips:

  • Take a friend along for extra security
  • Keep your cash concealed while in public
  • Avoid carrying large sums of money on your person for any longer than necessary – deposit the cash in a safe place as soon as possible
  • Remain aware of your surroundings at all times

How to send an international money transfer to Europe

While the exact process for sending an online transfer varies depending on the provider you choose, you’ll generally need to follow a few simple steps:

  1. Sign up for an account. This is typically free to do online and you’ll need to provide your personal details, proof of ID and bank account information.
  2. Enter your transfer details. Specify the amount you need to transfer, where you’re sending it and the recipient’s bank account details.
  3. Review your transfer. You’ll be given a chance to review the full details of the transaction, including the exchange rate and any fees that will apply.
  4. Send the funds. If you’re satisfied with the transaction details, the next step is to pay for the transfer and send the funds.
  5. Track your transfer. You may be given a tracking number you can use to monitor your transfer status, while some providers also provide email and SMS notifications once the transfer has been completed.

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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.

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site