|Minimum Age||18 years|
The best way to send money to Australia at the cheapest rate is by comparing quotes from different money transfer companies. That way you'll know what each company charges, and you can choose the price and service that works for you.
Most transfer companies do not show you any exchange rates until you complete an online form and get a quote. This comparison shows which companies offer quotes.
Get quotes from as many international money transfer companies as possible to help you find the best deal when sending money to Australia from the UK.
Each quote will include the following:
The amount you want to transfer
The exchange rate you get for transferring
Any costs for transferring
The amount of money you want to transfer can have an affect on the exchange rate.
For example, most companies offer you a better rate if you transfer more than a set amount of money, such as £5,000 or more.
There is usually not a limit to how much you can send through an international money transfer service, but some companies set a minimum amount, such as £100.
If you want to make several transfers to the same account within a short period of time, think about merging the transfers into one.
Doing this could mean you get a better exchange rate and pay less charges, as you will be sending a larger transfer compared to several smaller transfers.
Using this type of transfer is often cheaper than sending money through your bank.
You could use an international money transfer to:
Buy a property in Australia
Send money to a family member living in Australia
Pay for your child's education in Australia
Most take three to five working days, although they can take up to two weeks. Check with the transfer company before you send your money.
They deduct their costs from the interbank rate (the rate banks use to exchange currencies with one another) to give you a personalised rate.
Some transfer companies only let you send money to an account in your own name. Check this before sending your money to avoid any delays.
Yes, your money is kept separate to a transfer company's operational money, meaning you have a better chance of getting your money back if they go bust.
We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.
Last updated: 11 October, 2021
Comparing money transfers could help you save money. Our award-winning money transfer comparison service makes sure you get our best exchange rate with the lowest fees. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators to help you make life's most important decisions and take control of your money.
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