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MoneyTransfers aims to help users find the best money transfer provider for their needs. To support our free service, we may earn a commission from some of the providers listed in our search results. The commission may also impact the ordering of the providers shown. Our reviews are independent from this and are based on our research and testing of dozens of remittance providers on the market.
Table of contents
Sending money overseas from Australia is cheaper and faster through a dedicated money transfer service than through your bank.
The big four banks charge around 2.5% to 4% on top of the interbank rate, while the apps below often come in under 1%.
On a 1,000 AUD, this is the difference between $40 and $10 in fees (and that’s excluding the actual transfer fee on top).
The best money transfer app will come down to the destination, the mount, and the deposit/withdrawal options.
This is why we always suggest running a quick live search using the form below.
Money Transfer Comparison
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At a glance
These are the best money transfer apps available for Australians:
Wise: the best money transfer app for everyday transfers and travel
OFX: the best option for large transfers, like property or moving money home
Remitly: the best app for sending money home to Asia, with fast cash pickup
Revolut: the best pick for travel and banking features
OrbitRemit: the best value for the Pacific islands
Top money transfer apps
Apps below are AUSTRAC-registered and ASIC-licensed, with your money held in segregated trust accounts at Australian banks, separate from the company's own funds.
I’ve picked these apps based on our live comparison data and my own experience using them.
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
Wise
Wise is the easiest app to get started with.
With Wise, it takes about 10 clicks to go from no account to a transfer confirmation screen. Most other apps make you work through more pages and verification steps.
I've been using Wise for years, and I always suggest trying it before other companies because of how simple it is. It just works, and it does a lot of things well.
It isn't always the cheapest, but it has every app feature you need:
PayID, Osko, debit / credit cards, Apple Pay or Google Pay to fund a transfer
A multi-currency account with 40+ currencies
Local account details to receive money from abroad
A debit Mastercard
Clear upfront fees with no exchange rate markup
Free transfers between Wise users
Available on iOS and Android
Wises fees start 0.63% and all transfers are made using the interbank exchange rate.
For example, sending $1,000 to the Philippines gets you dynamic vs dynamic with Western Union.
Most transfers will arrive the same day, with a few exceptions that can take 1-2 days.
The only times it’s not worth using is for cash transfers, or larger transfers.
Here’s how much you can expect to receive with Wise:
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Revolut
Revolut is the best app for travelling abroad.
Revolut is my pick for travelling, because of the multi-currency account, the card, and low fees.
You can hold and convert 30+ currencies, and spend in local currency across 150+ countries.
Transfers between Revolut users are free and instant.
Currency conversions and international transfers usually arrive within a day, though larger amounts can trigger security or AML checks.
Revolut is usually the cheapest option while you're inside the free monthly exchange allowance (A$1,000 on the standard plan). Above that it gets pricier.
Revolut is also a licensed Australian bank as of July 2026.
Which means your AUD deposits are now protected by the FCS up to A$250,000 (same as with your bank).
To avoid maxing out your free monthly limits, you can get both Wise and Revolut cards and just use them together.
This will double your ATM limit as well.
If you’re planning to make a large transfer, it’s better to use a currency broker like OFX or RegencyFX rather than Revolut.
Here’s how much you can expect to receive with Revolut:
"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.
OFX
OFX has the best app for large transfers from Australia.
OFX is a currency broker built for large transfers, for things like overseas property purchases, big one-off purchases, or moving money when you leave Australia.
You get a named account manager, a real person you can call, and there are no transfer fees, just a margin on the rate that gets better the more you send.
OFX also has tools built for large transfers:
Forward contracts, to lock a rate up to 12 months ahead
Limit orders
Transfers usually take 1 to 2 days, longer to harder to reach places, so it's not for anything urgent.
OFX is AUSTRAC-registered and ASIC-licensed (AFSL 226484, with your funds held separately rather than FCS-protected.
Currency brokers will negotiate the rates with you, so it’s always a good idea to get a few quotes before settling on one.
We suggest grabbing quotes from OFX, TorFX, and RegencyFX.
On the downside, OFX and other currency brokers won’t be a good fit for small transfers (anything under 10,000 AUD).
Here’s how much you can expect to receive with OFX:
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Remitly
Remitly is the best app for transfers to India.
Remitly is one of the better options for transfers to India.
You pick Express, which lands in minutes (usually paid by debit or credit card), or Economy, which is cheaper but takes a few hours to a few days.
For India it covers every way your family might want the money:
Straight to an Indian bank account (needs account number and IFSC code)
UPI (needs a UPI ID)
Cash pickup (needs ID)
Your first transfer usually gets a promo rate.
After that it's a normal rate markup plus a flat fee that varies by amount, speed, and payout method.
It's rarely the outright cheapest, Wise or Instarem are often cheaper, but few can match it for fast, reliable delivery with a cash pickup option.
Remitly is AUSTRAC-registered and ASIC-licensed, with funds safeguarded.
Remitly is good for transfers to Southeast Asia in general, but it’s not the cheapest option.
Its strength is in the quick delivery times and withdrawal options, not the cost.
Here’s how much you can expect to receive with Remitly:
AUD
Corridor
They get (after fees)
Transfer speed
No results, please ensure you have currencies selected
MoneyGram is the most flexible option here for how you pay and how your recipient collects.
You can fund a transfer by bank transfer, PayID, debit or credit card, Apple Pay or Google Pay, or by paying cash in person at an agent.
MoneyGram has hundreds of thousands of agent locations across 200+ countries.
Your recipient can receive money as cash pickup, home delivery, into a mobile wallet (GCash, M-Pesa, WeChat), or straight to their bank.
Cash pickups are usually ready in minutes, while bank deposits take a bit longer, 1 to 3 days.
That spread of pay-in and payout options is what sets it apart.
Western Union leans more towards banks, cards, and cash than wallets and delivery.
MoneyGram gives a better rate and no fee on your first transfer.
After that it's competitive but not usually better than Wise or Instarem on the main corridors, so always check.
The app works on iOS and Android but is a bit clunky in places.
MoneyGram is AUSTRAC-registered and ASIC-licensed, with funds safeguarded.
In my opinion, make use of their promo offer for a bigger transfer, and then compare the rates and see if Wise or Instarem is cheaper (unless you need mobile wallets and cash pickup or delivery).
Here’s how much you can expect to receive with MoneyGram:
AUD
Corridor
They get (after fees)
Transfer speed
No results, please ensure you have currencies selected
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Western Union
Western Union is the best app for small transfers and sending cash.
On a small transfer, say A$100 to A$500, Western Union is very cheap, especially with cash pickup to the Philippines.
The online fee is often waived, and the rate markup is small, which often makes it better value than other apps on small amounts.
I've seen a few transfers where you get slightly more than what you pay in.
Like MoneyGram, the reach is huge, and cash pickup is available in minutes.
However, the transfer limits are very low (often under A$2,000).
And, the fees are a bit less predictable because the combination of deposit/withdrawal options plays a big part in the total cost.
You can fund a transfer with PayID, bank transfer, or debit card.
Western Union is on iOS and Android, AUSTRAC-registered and ASIC-licensed, with funds safeguarded.
Here’s how much you can expect to receive with Western Union:
AUD
Corridor
They get (after fees)
Transfer speed
No results, please ensure you have currencies selected
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
WorldRemit
WorldRemit is the best app for airtime transfers.
WorldRemit is built for mobile wallet and cash payouts to Africa, Asia, and the Pacific, and it also does airtime top-ups.
With airtime you send credit or mobile data straight to a phone number abroad instead of cash (usually arrives instantly).
Beyond that, you can send to a bank account, a mobile wallet, or cash pickup across 130+ countries, and transfers usually arrive fast, often in minutes.
Fees are a small flat charge per transfer plus a rate markup.
You can fund your transfer by PayID, bank transfer, card, or Apple Pay and Google Pay.
The app is clean and quick, with rate alerts per payout method and one-tap repeat transfers.
WorldRemit is AUSTRAC-registered and ASIC-licensed, with funds safeguarded.
In my opinion, WorldRemit is great for transfers to Africa, but not the best option for large transfers or transfers to the EU.
Here’s how much you can expect to receive with WorldRemit:
AUD
Corridor
They get (after fees)
Transfer speed
No results, please ensure you have currencies selected
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
Where's PayPal?
You might notice PayPal isn't on the list. It's not really a money transfer service, it's a digital wallet for holding money and paying online.
How to send money instantly from Australia
Instant comes down to two things, how fast the provider gets your money, and how fast the provider pays out.
To pay in, most apps here take PayID or a debit card.
PayID clears in seconds, so the money reaches the provider almost straight away.
A normal bank transfer with a BSB and account number is slower and can take until the next business day.
Payout speed depends on the destination and how your recipient collects.
Card-funded transfers to a bank account or wallet on a big corridor like India or the Philippines often arrive in minutes, but can take up to a day.
Cash pickup is usually always ready in minutes.
So the fastest combination is to fund with PayID or a card, and send to a wallet, bank, or cash pickup on a major corridor.
What about POLi?
Some older guides list POLi as a way to pay. POLi closed in Australia in 2023, so PayID is the fastest option now.
Cheapest by destination
The destination has the biggest impact on cost.
We test and compare hundreds of services daily. Here are the cheapest options by destination from Australia:
Sending to China can be held up on the receiving end because of local limits on incoming foreign currency. It's the money arriving that's restricted, not your transfer.
Types of money transfer apps
Not every app on your phone is built to send money abroad.
Money transfer service
Built specifically to send money overseas.
Most don't actually move your money across a border.
They hold local accounts in both countries, take your AUD here, and pay out local currency there.
That's why they beat banks on speed and cost.
Mobile money
A phone-number account like GCash, M-Pesa, or M-PAiSA that works without a bank.
Huge across Asia, Africa, and the Pacific.
This is almost always what your recipient receives into, not something you send from.
Banks
A licensed bank, sometimes app-first with no branches.
Your AUD deposits are FCS-protected up to A$250,000, though that covers AUD only, not money held in other currencies.
Most banks offer international transfers, but they're slower and pricier than a dedicated app.
Revolut is the exception, now a licensed Australian bank and good for travel and sending home.
Crypto / stablecoin apps
A newer option, mainly aimed at unbanked areas, but also means you can send AUD to many more locations.
Services like Morse (previously Sling Money) move your money as stablecoins behind the scenes, then hand it over as normal local currency.
But as a user, you never touch or see crypto.
As always, run a live search to find the best deal for what you need. Use the form below to get started.
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Fill in the details below to get the best deal on money transfers from Australia.
Our methodology & why trust us
Every company here earns its place for a specific job.
That might be the cheapest rate to India, the best value to the Pacific, or the right service for a large transfer.
We rank on merit, not brand name, so you'll see a few smaller names where they are better than the big ones.
We use own comparison engine for live rates and fees and updates this page weekly.
On top of that, we run real test transfers ourselves where possible.
We score each provider from 1 to 10 across:
Fees and rates
Transfer speed
Safety and trust
Product range
Transfer limits
Ease of use
Customer feedback
Every company on this page is licensed to operate in Australia. Most are AUSTRAC-registered and ASIC-licensed, holding your money in segregated trust accounts at Australian banks.
Artiom is a marketing graduate from the University of Portsmouth and has been working across personal finance and remittance industries for several years. He optimises the organic experience on MoneyTransfers.com with the content team, manages and creates unique marketing tactics, and generally supports the overall growth of the website.
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