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AUD 1
Min. Transfer Amount
AUD 1,800,000
Max. Transfer Amount
1 - 2 days
Transfer Speed
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Product Name | TransferWise International Money Transfers |
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Min. Transfer Amount | AUD 1 |
Max. Transfer Amount | AUD 1,800,000 |
Transfer Methods | Online, Bank Account to Bank Account |
Transfer Options | Regular payments, One off payments |
Transfer Speed Minimum transfer time | 1 - 2 days |
Customer Service | Phone, Chat, Email |
Available Currencies | AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW |
Exchange Rate Updates | Real time |
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As of 20 Jan 2021, a temporary limit of US$980 (or the same amount in Mexican pesos) has been placed on transfers to Mexico by TransferWise. We'll update this information once the limit has been lifted.
As long as you are sending Australian dollars, TransferWise's fees are the same no matter what country you are sending to from the US. Fees are determined by the following:
TransferWise's total fees depend on the payment method chosen. A fixed fee and variable fee makes up the total fees charged.
To give this more context, here is what sending $1,000 to the UK through TransferWise looks like on 6 November 2020:
TransferWise fee | |
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Direct debit | $5.14 |
Debit card | $17.62 |
Credit card | $10 |
TransferWise uses the mid-market rate for transfers and also allows you to lock in a rate for a day or more to complete your transfer. When we checked TransferWise's rates against the mid-market rate on Google and XE, they were similar. TransferWise's rates update multiple times a day.
Choose your currency and desired transfer amount. Exchange rates change frequently, so visit TransferWise's site to get a final quote.
Check if there are any TransferWise promo codes available
TransferWise transfer speeds are dependent on how much you are willing to pay in fees and when you send your transfer.
TransferWise offers money transfers to over 50 different currencies from Australia. You can check out the full list of the currencies above, but the following are some of the more popular ones:
I began using TransferWise when I moved to the US from Australia a few years ago. I tested a few money transfer services and TransferWise was — and still is — my favourite for a couple of reasons:
TransferWise was founded in 2010 and serves millions of customers a year. TransferWise is fully registered and accredited by many global agencies, using the following global standards to protect your money:
As of October 2020, TransferWise's reviews are moderately positive overall, with 86% of reviews on Trustpilot ranking it as Excellent, which is better than many competing money transfer companies. Overall, TransferWise's clear fee structure and transparent rates make it easy to trust, but that doesn't mean it is perfect. Customers often complain about slow customer service and turnaround times as well as the fact that missing a dash in your transfer account number can heavily delay your transfer.
Australian customers can pay using the following methods:
The funds are deposited directly into your recipient's bank account once TransferWise receives your payment. TransferWise allows you to make secure one-off transfers to a range of destinations around the globe. However, there currently is no option to set up recurring transfers.
Follow these six steps to have money sent in as little as a few minutes:
TransferWise offers support in two ways:
To contact TransferWise by email, visit the Contact Us page and enter your email address, select the topic of the question and provide as much detail as possible about your problem.
TransferWise provides phone support in 12 regions, including Australia. Both standard users and TransferWise Business users can contact support during business hours.
TransferWise has a mobile app on both the Google Play and Apple App stores. The app makes it possible to do the following:
Ratings accurate as of April 13, 2020 | |
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Google Play Store | 4.4 out of 5 — based on 76,666 customer ratings |
Apple App Store | 4.7 out of 5 — based on 19,100 customer ratings |
More on the best money transfer apps
See how Transferwise stacks up against the competition by entering the amount you want to send, selecting your destination and clicking Calculate.
Find out other alternatives to TransferWise
TransferWise is a straightforward company that presents fees and exchange rates alongside your transfer. Given that you can lock-in your transfer rate for many hours after first seeing it, it's worth checking TransferWise's prices first before exploring the competition. If you are ready to make your transfer with TransferWise now, head on over to get started by creating your free account.
Yes. Set up a business profile with TransferWise to begin saving on business payments. If you're interested in TransferWise for your e-commerce store, read our review on the features on offer.
Yes, TransferWise has a debit card in Australia. With it, you can spend any currency on your card and use it to withdraw money across the world for free (up to EUR€250 a month). You can find out more about our experience with it in the video below.
In your account, navigate to the pending transfer and there'll be a button called Cancel transfer. This will work if the money is still being sent to TransferWise or if it's being converted. However, once TransferWise pays your recipient, there's no way to get it back. If the details are incorrect, the money will usually bounce. TransferWise will let you know in this case, so you'll have the opportunity to update the details or cancel the transaction entirely.
Always make sure you trust the business or person you're sending a money transfer to.