International money transfer and foreign exchange services available to Australians including Wise, OFX, Western Union, and TorFX — all AUSTRAC-registered and offering AUD transfers to 100+ currencies.
Specialist money transfer services Wise (formerly TransferWise), OFX, and TorFX typically offer lower fees and better exchange rates than the Big Four banks for international transfers. Wise uses the mid-market rate with a transparent fee.
Western Union and MoneyGram are the traditional global money transfer networks, with cash pickup options at overseas locations — relevant for sending money to countries with limited banking infrastructure.
All money transfer providers operating in Australia must be registered with AUSTRAC (the Australian financial intelligence agency) and comply with Anti-Money Laundering and Counter-Terrorism Financing rules.
Wise
wise.com
International money transfer at the mid-market exchange rate with transparent fees. Multi-currency account for Australians holding and spending in 40+ currencies.
OFX
ofx.com
Australian-founded foreign exchange and international transfer service. No transaction fees on amounts over $10,000; competitive rates on regular transfers.
TorFX
torfx.com
Foreign exchange broker offering competitive rates on large international transfers. Dedicated dealer service for regular senders and property purchasers.
Western Union Australia
westernunion.com
Global money transfer with cash pickup at 500,000+ agent locations worldwide. Online, app, and in-store options for sending from Australia.
Remitly
remitly.com
Online money transfer app focused on remittances to developing countries. Competitive rates for transfers from Australia to the Philippines, India, and beyond.
MoneyGram
moneygram.com
Global money transfer with online and in-store sending options. Cash pickup at 350,000+ locations globally for recipients without bank accounts.
CurrencyFair
currencyfair.com
Peer-to-peer foreign exchange marketplace. Australians can exchange currency at rates set by other users, often better than interbank rates.