Best International Money Transfer Companies: Australia 2021 Comparison

If you are looking for a reliable and safe money transfer company that will give you access to wholesale exchange rates, while providing bank-like safety and superior level of service, you have come to the right place.

Money Transfer Comparison compares and reviews money transfer providers since 2014, exclusively. We have covered more than 50 global money transfer companies to date, and we are ALWAYS on the hunt for more. Our Australia money transfer guide is available below.

Top Rated Money Transfer Services in Australia

Updated for:  June 2021, only featuring companies with local Australian offices

Australia #1 Best Choice for Australians - Best for Businesses and Private Clients!
Local Australia Offices:
25 Elkhorn Ave, Surfers Paradise QLD 4217
93.4% Editorial rating
3,000 Client Reviews
Minimum transfer:
Why Them?
  • Australian Specialists with Local Offices
  • 98% Client Satisfaction
  • Dedicated Dealer for Transfers above AU$5,000
  • Corporate FX Specialists
  • Very Quick On-Boarding Process
  • Great Exchange Rates!
Australia The Industry Veteran
Local Australia Offices:
15 Exchange Tower, 2 The Esplanade, Perth WA 6000
93.2% Editorial rating
7,000 Client Reviews
Minimum transfer:
Why Them?
  • Operating Since 1970 - First Commercial Money Transfer Company
  • Excellent Service and Guidance
  • Fully-Functional Online Platform
  • Many Consumer and Business Awards
Australia Traded on the ASX, Headquarters in Sydney
Local Australia Offices:
60 Margaret St, Sydney, NSW 2000
90.4% Editorial rating
1,500 Client Reviews
Minimum transfer:
Why Them?
  • Australian Company
  • Traded Publicly
  • 20bn Turnover per Year
  • Ultra Professional
  • Tightest Margins
Australia Great Rates for Transfers of All Sizes
Local Australia Offices:
19 Honeysuckle Drive, Newcastle, NSW 2300
89.1% Editorial rating
3,300 Client Reviews
Minimum transfer:
Why Them?
  • Exciting Start-up
  • Transparent Pricing Before Signing-Up
  • Great Exchange Rates (Even for Smaller Transfers)
  • Comprehensive Online System
Australia The Hottest Money Transfer Startup Today
Local Australia Offices:
36-38 Gipps St, Collingwood, VIC 3066
86.8% Editorial rating
32,000 Client Reviews
Minimum transfer:
Why Them?
  • Most Recognizable Brand in Money Transfers Today
  • Boast 1,000+ Employees and $4bn in Monthly Turnover
  • Transparent Pricing on the Site
  • Easy to Use

International Money Transfers in Australia for Individuals and Corporations

Traditionally, international money transfer companies in Australia and globally have been more focused on SME clients and prior to 2010 most of them did not accept individual clients at all. Nowadays, all the best money transfer companies in Australia as per our rating are happy to accept individuals – each with a different minimum transfer amount (CurrencyFair and Wise don’t have a minimum amount, true for June 2021).

With the above, being said, Australian SME clients are still extremely lucrative for money transfer companies and they are completely tailored to the boom in Australian SMEs that has not been set back tremendously by the COVID-19 pandemic.

With our selection of best money transfer companies in Australia, you can

Transfer money from an Australian bank account to a bank account abroad for great exchange rate with no hidden fees.
Transfer money from your bank account in Australia to a self-owned bank account abroad.
Send money overseas for regular payments.
Transfer money from Australia to USA, UK, Singapore, Hong Kong, New Zealand, Spain, Italy, Germany or almost anywhere in the world with the exception of countries which are blacklisted.
Transfer money from USA, UK, Singapore, Hong Kong, New Zealand, Spain, Italy, Germany or almost anywhere to your bank account in Australia, getting the same margins as you do for outbound international money transfers.
Receive money from overseas to Australian bank account.
Get assistance on the right timing to make an AUD exchange.


Haven’t found what you are looking for?

We have covered the money transfer industry throughout. View our elaborated reviews and opinions –

We have been featured in the following publications:

Which Are the Best International Money Transfer Companies in Australia

Our Review and Comparison Guidelines Explained

We have compared more than 50 

Level of Service
quick and easy sign up process, readily available staff located in Austrlaia  – courteous and understanding, or in simple words a money transfer service ready to go above and beyond for its clients.
reputable company with long trading history (including specifically in Australia)
Cheap International Money transfer Fees and Rates
no money transfer fees and better-than-bank exchange rate for Australian dollar
Features and Functions
online money transfer website and mobile app (fully functional for tracking trades and conducting new trades)
Global Reach
Many currencies handled including exotic currencies, global office outside of Australia,  regulated by several regulators, and constantly expanding into new territories.
Australian Presence
While the majority of money transfer companies are happy to engage in AUD money transfers and on-board clients from Australia, only a small subset of them actually have local Australian offices. We have selected the most localised towards the Australia market.


Additional Information on how we evaluate money transfer companies and decide on the top 10 money transfer companies in Australia can be found in our FAQ. Transfer money from Australia to UK or transfer money from Australia to USA – and this following guide will help you!

What’s the difference between a great money transfer company in Australia and a bad money transfer service?


Superb Money Transfer Service Experience
Straightforward answers from your representative.
Your money is in segregated bank accounts and you are not exposed to losing it .
You understand precisely which fees are involved and the other party knows how much money it will receive.
The staff will be able to provide guidance about the best timing to exchange the Australian dollar.
The service won’t be pushy and won’t try to persuade you to trade today at a worse rate than competitors.
You could DIY or have a representative on telephone or email to help you conduct your trade.
Lousy Money Transfer Service Experience
Takes long to sign up, have to come up with a lot of documents.
Not properly regulated and client funds are not separated from the company’s.
Money transfer fees and exchange rates are opaque.
There will be no one to guide you how to conduct the transfer, nor on whether this is the best timing to conduct such a transfer. No hedging tools will be offered.
Even if you transfer large amounts that will be no discount, and you will pay the default rates
A money transfer company that wants you to fax your details is definitely one to avoid. It signifies it has not kept up with progress.


Money Transfer Companies in Australia – The History and The Now

Australia were a little slow to wake up to it, the US are still way behind on it and the UK has led the charge on it. What are we talking about? Specialised international money transfer companies of course. Bringing a breadth of new payment options with little to no fees and considerably better currency exchange rates. There are now more money transfer companies in Australia than ever before, joining the original innovator OFX (previously OzForex).

Australian FX Companies – Where Did it Start?

Whilst we might say Australia have been behind the curve OFX was actually founded in 1998 as one of the first dedicated international money transfer companies to ever exist. Today it’s had over one million customers and traded over $150b AUD for its clients. So why has it proved so popular and, like many other Australian FX companies, still remained a relative unknown in Australia? 

It’s difficult to pinpoint exactly why, but when we consider the UK had at least 10 dedicated money transfer companies launching in the 1990’s and 2000’s and they still only had around 5% of the whole UK international money transfer market at the time then we can probably see why OFX might not have been a household name. The rest of the UK market belonged to 4 big banks (read about the current state of affairs in the UK banks join the money money transfer race). Sound familiar? That’s because it’s been much the same story in Australia.

Are We Seeing a Shift To More Money Transfer Companies in Australia and Why?

So what’s changed and why has the mentality shifted away from banks and towards international money transfer companies in Australia? Part of it has to be that people have come around to the idea of managing their finances online or even through their mobile. Just as we use mobile banking these days we know there are a number of new innovative solutions challenging the big banks that provide us with more functionality at a reduced cost. It may feel longer but let’s not forget the first iPhone was only announced in 2007 and things have only moved faster the more time progresses.

There are a number of other reasons to use an Australian FX company as well of course. Looking at the infographic above, based on rates taken 29 January 2020, customers will receive more in their destination currency when using OFX vs both ANZ and Commonwealth Bank. In fact, when using an Australian bank, your currency exchange spread can be as much as 5% worse than the current interbank rate (the rate at which banks trade currencies with each other).

So let’s say you were making an international money transfer from Australia to UK of $1000 that would be $50 taken in the margin by the bank.

International payment fees are also likely to be between $10-$30 with an Australian bank whilst most Australian FX companies will charge no payment fees. 
We won’t touch on the availability of payment and hedging solutions with money transfer companies in Australia compared to banks, as we cover this in our other resources. But suffice to say forward contracts, batch payments, regular transfers, swaps and limit orders will not be available with your bank are are so with dedicated Australian FX companies. Helping you achieve your desired exchange rate which can have a huge impact on the amount you receive.

Nowadays there are a whole host of other providers to have launched as money transfer companies in Australia. UK headquartered WorldFirst were the first international company to launch in Sydney in 2009 and they clearly detail their pricing matrix online (perhaps the cheapest of all Australian FX companies) which is dependent on the annual AUD volumes you are trading, whether as an individual or business. UK based TorFX then launched in 2013 and has been a mainstay ever since. 

WorldFirst Australia – FX Rates



Nowadays you will also find the global juggernaut TransferWise offering online only transfers from Australia, as well as World Remit and many, many more. If you’re considering an international money transfer from Australia to UK, or indeed any other country, it pays to do your research with both online transfer companies (such as TransferWise) and dedicated Australian money transfer companies (such as OFX and WorldFirst). As Australian awareness builds for non-bank solutions for international money transfers so too does the number of Australian FX companies.