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Review: WireBarley international money transfers

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WireBarley

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Summary

Enjoy 24/7 online transfers with bank-beating fees and exchange rates.

  • Good for sending money to bank accounts, cash pick-up locations and straight to your recipient's home. Also offers multilingual support.
  • Only has a limited number of transfer destinations.

You can check out the full list of pros and cons below.

In this guide

  • Review
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews
  • Ask an expert

Details

Product details

Product Name WireBarley
Pay By PayID
Receiving Options Cash pickup location, Bank account, Mobile wallet, Alipay (China only)
Customer Service Phone, Email
Maximum Transfer Amount $5,000
Number of Currencies 18

WireBarley exchange rates and fees

WireBarley's exchange rates are updated regularly in line with fluctuations to the mid-market rate. The company adds a margin on top of the mid-market rate for each transaction, but the size of this margin is typically much smaller than what you could expect from a bank.

Fees also apply to all transactions. The size of the fee varies depending on where you are sending money, how much you transfer and how your recipient will access the funds.

Available currencies

WireBarley allows you to send money overseas using more than a dozen currencies, including the following:

  • CNY Chinese yuan
  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • KRW South Korean won
  • MYR Malaysian ringgit
  • PHP Philippine peso
  • USD US dollar

What types of transfers can you make with WireBarley?

WireBarley offers three types of money transfers:

  • Bank account transfers
  • Cash pick-up transfers
  • Home delivery transfers

You can send money online through the WireBarley website or by using a mobile app, but please note that not all transfer methods are available for all destinations.

How long does a transfer with WireBarley take?

Transfer times vary depending on where you are sending your funds, but most transactions are processed within one to two business days.

What payment methods does WireBarley accept?

WireBarley only accepts PayID transfers, which means you can't pay with your credit or debit card.

Transfers typically takeClock icon for transfer speed

within minutes

Is WireBarley safe to use?

  • Security and regulation: Regulated in Australia by ASIC and AUSTRAC
  • Established: 2012
  • Number of customers: 650,000+*
  • Support: Multilingual customer support in 12 different languages

*According to WireBarley on 11 May 2023.

WireBarley Corporation is licensed by South Korea's Ministry of Strategy and Finance to provide cross-border remittance services. Its Australian subsidiary, WireBarley Australia Pty Ltd, is regulated by the Australian Securities and Investments Commission (ASIC) and listed on the Australian Transaction Reports and Analysis Centre (AUSTRAC) Remittance Sector Register.

To help offer the safest possible transactions, WireBarley claims to offer security measures in line with those offered by global banks. These include password encryption, treating all transaction information with SEED encryption and using SSL technology on its server.

How does WireBarley make money?

WireBarley makes money in two ways:

  • By charging transaction fees
  • By adding a margin on top of the mid-market exchange rate – the mid-market rate is the "true" exchange rate you see listed on Google and is the rate at which banks and transfer companies buy and sell currency from one another

How to register an account

You can register for an account with WireBarley by completing the following steps.

How do I make an international money transfer with WireBarley?

You can send money overseas with WireBarley by completing the following steps:

  1. Log in to your account and start a new transaction.
  2. Specify where you want to transfer money, enter the amount you want to send and select a delivery option.
  3. Provide your recipient's name and details. If sending to a bank account, you'll need to provide your recipient's bank account information.
  4. Review the details of your transaction, including the exchange rate and fee.
  5. Submit payment for your transaction.
  6. You'll receive an email notification when your transaction has been completed.

What is WireBarley?

WireBarley is a South Korean fintech company that specialises in online and mobile cross-border remittances throughout the Asia-Pacific region. Headquartered in Seoul, it has been offering transfer services to Australian customers since 2012. In addition to South Korea and Australia, WireBarley also has operations in New Zealand and the United States.

In a nutshell

Pros

  • Multiple transfer options. WireBarley offers online and mobile transactions, and it allows you to send bank account, cash pick-up and home delivery transfers.
  • Competitive exchange rates and fees. The exchange rates and fees offered by WireBarley are typically much better than those you would receive from your bank.
  • Quick and easy to use. Whether you're sending funds via the WireBarley website or mobile app, the registration and transfer process is simple and straightforward.
  • Multilingual customer support. If you need help with your transaction, WireBarley offers customer support in Korean, English and 10 other languages.

Cons

  • Only supports a limited number of transfer destinations. WireBarley only supports transfers to 45 countries from Australia, so your desired transfer destination may not be supported.
  • Limited payment methods. PayID is the only supported payment method. So if you want to pay using a credit card or cash, you'll need to consider other transfer providers.
  • Not suitable for large transactions.While transaction limits vary depending on where you're sending money, WireBarley is typically not suitable for sending amounts over $7,000.

How does WireBarley compare to other providers?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 20 of 25
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Earn 1 Qantas Point per every AUD$10 equivalent you transfer into foreign currencies. T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
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