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Send adds a margin on top of the mid-market rate before selling foreign currency to you. However, aside from this exchange rate margin, Send doesn’t charge any other transaction fees.
Calculate how much sending money overseas would cost with Send by using our tool below.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Available currencies
Send allows you to transfer more than 30 currencies, including:
Send offers bank account transfers in more than 30 currencies. However, there are a few different options available to help you get the best exchange rate for your transaction. These include:
Spot contracts. These are one-off transfers made using the best exchange rate currently available. If sending a spot contract, you also have the option of setting up limit and stop orders.
Forward contracts. These contracts allow you to lock in an exchange rate now for a transaction that will take place up to 12 months in the future.
Regular payments. You can also ask Send to set up a recurring payment up to 12 months in advance using either a recurring spot contract or a series of forward contracts.
How long does a transfer with Send take?
Send aims to process payments quickly and transfer funds as soon as possible.
The funds you transfer should arrive in your recipient’s account within 24 hours of Send receiving your deposit.
What payment methods does Send accept?
The only way to deposit funds into your Send account is via bank transfer.
Transfers typically take
1 day
Is Send safe to use?
Regulation: Regulated by ASIC.
Established: 2019.
Reviews: TrustScore of 9.2/10* on Trustpilot from 17 reviews.
Investors: Novatti Group Limited.
*According to Send and Trustpilot on 31 May 2019.
SendFX Pty Ltd is the Australian company behind Send’s global transfer service. Send is regulated by the Australian Securities & Investments Commission (ASIC). It is also a registered remittance provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and holds an Australian Financial Services Licence.
Country
Regulated by
Australia
Australian Securities & Investments Commission (ASIC)
How does Send make money?
Send makes money by adding a margin on top of the mid-market exchange rate. The mid-market rate is the “real” exchange rate you see listed on Google – it reflects the current value of one currency relative to another on global exchange markets.
How to register an account
You can register for a free Send account by completing the following steps.
Click through to the Send website and click on “Get Started”.
Select a Personal, Online Seller or Business account.
Next, you’ll need to type your name, address and contact details in the fields provided.
Now it’s time to provide some information about the type of transactions you’ll be making, including where you want to send money, the amount you want to send, whether you’ll be sending funds to someone other than yourself and the reason for transferring.
The final step in the registration process is to provide proof of ID. After entering your date of birth and nationality, you can then provide the details of either your driver’s licence or passport.
What is Send?
Founded in January 2019, Send is a global payments provider with a mission to become the number-one destination for overseas transfers. The company specialises in cross-border payment solutions for individuals and small to medium enterprises (SMEs), and aims to offer a concierge-style service to its customers. Its headquarters are located in Southport, on Queensland’s Gold Coast.
In a nutshell
Pros
30+ supported currencies. Send allows you to transfer money to 200 countries in more than 30 different currencies.
Fee-free transfers. Send doesn’t charge any transaction fees on international money transfers.
Australia-based support. Send’s customer support team is based in Australia and can be contacted via phone and email.
Dedicated account manager. When you register with Send, you’re assigned a dedicated account manager who oversees your account and acts as a point of contact for any questions you may have.
Multi-currency wallet. You can use your Send digital wallet to manage more than 30 currencies in the one place.
Cons
Can’t transfer small amounts. If you want to send an amount less than $250, you’ll need to consider other transfer services.
Only one payment method. The only way to pay for your transfer is via bank transfer, so you’ll need to look elsewhere if you want to pay with card or cash.
New company. As Send was founded in January 2019 and officially launched in May 2019, using the service means accepting the risks associated with being an early adopter.
Still in development. Some Send features, such as the Send mobile app and Send Visa card, are yet to be launched. A rewards program, which will allow customers to earn loyalty points with every transfer they make, is also still being developed.
To see how Send stacks up against the competition, input your transaction details into the calculator below and then compare the exchange rates and fees offered by a range of money transfer services.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Frequently asked questions
You’ll need to be at least 18 years of age and provide valid proof of ID if you want to open an account.
This may be possible in some cases, so you’ll need to contact your Send account manager to find out what steps you’ll need to take.
No. Cash is not accepted as a payment method.
Yes. Send’s customer support team can be contacted by phone Monday to Friday, 8am to 6pm AEST.
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.
Better exchange rates for Finder customers. WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
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