Transferring Large Sums of Money Internationally From Australia in 2026

Compare large-transfer services in Australia

Support across Australian and overseas time zones

8.5

OFX

Fees

None

Exchange Rate Markup

0.4% - 1.5%

Transfer Speed

Minutes - 24 hours

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"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."

Account-manager planning with app tracking

9.0

TorFx

Fees

None

Exchange Rate Markup

0.4% - 1.5%

Transfer Speed

Minutes - 24 hours

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"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

An Australian contact for relocation payments

?

Send Payments

Fees

Exchange Rate Markup

Transfer Speed

Visit

Named accounts and professional coordination

8.9

Fiberpay

Fees

None

Exchange Rate Markup

Variable

Transfer Speed

Minutes - 24 hours

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"Fiberpay offers tailored currency solutions to high and ultra high net worth clients, including 100+ currencies, a multi-currency account with IBAN, and smart FX risk mitigation offerings."

Managing a larger payment online

8.6

Xe

Fees

$1.99 - $2.99

Exchange Rate Markup

0.3% - 2.1%

Transfer Speed

Minutes - 24 hours

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"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."

Bank-funded transfers between your own accounts

9.2

Wise

Fees

0.1% - 2.6%

Exchange Rate Markup

0%

Transfer Speed

Minutes - 24 hours

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"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."

International payments from your existing bank

6.3

NAB

Fees

Exchange Rate Markup

Transfer Speed

Visit

OFX

A contact you can reach outside Australian working hours

OFX’s round-the-clock phone and email support is why I suggest starting here when an overseas recipient needs answers during their working day.

You can make transfers online and follow them in the app, while discussing a larger payment with the team before accepting the rate.

For a committed purchase, its personal forward can fix a rate for up to 12 months, subject to approval.

The deposit is usually 10% for a personal forward, although the agreed amount can change with the contract and your circumstances.

You still need to pay the remaining balance by the due date, and the agreed rate stays binding if the market improves.

OFX charges no transaction fee for these A$50,000-and-larger examples, but its exchange rate includes a margin and other banks can charge separately.

The two amounts below let you compare OFX’s results across several destination currencies without assuming the same pricing for every payment size.

I like OFX for a payment involving both Australia and the UK or US, where a missed call can otherwise cost you another working day.

Make the rate comparison before choosing it, because contact availability does not establish which company delivers the most currency.

TorFX

Plan the payment with a manager and follow it in the app

TorFX gives you an account manager for the larger transfer, with an Australian company and local contact rather than a UK-only booking process.

You can book smaller transfers up to A$50,000 online or in the app, while larger amounts need your account manager.

The app also lets you track payments and manage your account, so a phone booking does not mean losing control of the progress.

Its currency wallets let you buy currency before you need to pay, which suits an agreed purchase with a later completion date.

You can discuss a forward or limit order with the manager, including the deposit and what happens if the payment date changes.

TorFX has no separate transfer fee, so the exchange rate and any deductions determine how much the overseas recipient gets.

Use the A$50,000 and A$250,000 results to judge TorFX’s pricing, then confirm the quote for the payment you plan to make.

In my opinion, TorFX is a strong fit when you want someone involved in planning the transfer while keeping app access for updates.

A forward adds a commitment, so settle the deposit, possible top-ups and cancellation terms before agreeing the rate.

Send Payments

An Australian account manager for your move overseas

Send Payments is a good option if you want an Australian contact to help with your account, recipient details and payment instructions.

I suggest it for moving savings for a relocation, particularly when you need to discuss more than a straightforward exchange between accounts.

Its online platform has a daily transfer maximum of A$50,000, so arrange the larger payments in this guide with the team.

The service handles larger transactions outside that online channel, but you should agree the full amount and bank-payment deadline before booking.

Send does not charge a transaction fee, and you need its quoted exchange rate to compare the conversion cost with OFX, TorFX or Wise.

Intermediary and receiving banks can still charge, so a fee-free booking alone does not guarantee that a property invoice arrives in full.

Send’s usual delivery estimate is 24–48 hours after receiving your money, with destination banking hours and checks able to extend that.

For a relocation deadline, I suggest confirming when the team needs the funds rather than treating that estimate as the whole account-opening process.

Fiberpay

Prepare the currency and coordinate with your appointed professionals

Fiberpay is my pick for a seven-figure property or investment-related payment where lawyers, agents or a receiving fund need to coordinate the money.

Its own-name currency account and dedicated IBAN let you receive and prepare funds before converting them or authorising the onward payment.

Local collection accounts include Australia, but the currencies you can hold and the account details you receive need to match your payment plan.

You can check balances and payment history online, while the team discusses the payment with your appointed professionals.

My suggestion is to focus on that benefit when a purchase involves several people and the recipient cannot accept the money immediately.

Get the conversion quote and any account or holding charges together, because a named account is not a reason to ignore the total payment cost.

Before holding a balance, confirm which legal company executes the payment and the terms protecting the money while it remains in the account.

Fiberpay’s professional coordination is the reason to consider it here, without treating it as a substitute for your lawyer or investment manager.

Xe

A larger online payment without starting with a phone booking

Xe’s Australian personal online daily limit is A$750,000, making it an option for a substantial payment you want to arrange yourself.

A larger transfer needs the team’s help, and the payment method or destination can impose a lower limit than the online allowance.

I like that distinction for a straightforward savings transfer, where you want online control without assuming an app can handle every seven-figure payment.

For Australian Osko funding, use the BSB and account number in the contract note, because Xe does not currently accept Australian PayID funding.

The rate includes Xe’s conversion cost, with any transfer fee shown in the quote and possible bank charges considered separately.

The A$50,000 examples show Xe alongside the other services at that amount, while a larger payment needs its own quote.

Xe usually allows one to four working days for the recipient payment after receiving your funds, with bank funding adding its own time.

For a fixed completion, my suggestion is to compare that estimate with the recipient’s deadline before choosing the convenience of online booking.

Wise

Move savings from your Australian bank and manage the transfer online

Wise suits a payment between your own accounts when you can add the recipient, prepare the documents and follow the transfer yourself.

Its AUD bank-transfer allowance is up to A$1.8 million, while PayID funding is capped at A$50,000 and cards at A$18,000.

Wise also accepts eligible domestic RTGS payments without its own amount ceiling, although your bank and destination can still limit the payment.

That gives you a route for the larger examples here without assuming that the fastest-looking funding button accepts the whole amount.

The money must come from an Australian bank account in your name, using the account details appropriate to the selected payment method.

Wise uses the mid-market conversion rate and a separate fee, with eligible volume discounts calculated under its monthly pricing rules.

Wise’s A$50,000 quotes provide a matched comparison at that amount, with no assumption that the price relationship stays the same at A$1 million.

I think Wise is a strong option for an organised own-account payment, while a broker is more attractive if you need a personal forward.

Check the RTGS instructions in your Wise transfer rather than reusing old bank details from a different funding method.

NAB

Send directly from the bank already holding your money

If you bank with NAB, you can arrange an international payment without first sending the money to a separate transfer company.

Its Internet Banking international daily maximum is A$300,000, compared with A$20,000 in the app and a default allowance of A$5,000.

That can accommodate an A$100,000 payment after an appropriate limit increase, but A$500,000 or A$1 million needs a different agreed arrangement.

Speak to NAB about a branch payment for the larger amount, since the online maximum does not establish an unlimited branch allowance.

NAB charges no online sending fee when you send foreign currency, while an online AUD payment or branch transfer costs A$30.

The bank’s exchange rate still affects the recipient amount, so compare it with the specialists even when the sending fee is zero.

In my opinion, NAB is worth considering when keeping the payment inside your existing bank is easier and its final quote meets the recipient’s amount and date.

If an overseas-bank deduction leaves the payment short, follow NAB’s reimbursement process instead of assuming a zero sending fee prevents every deduction.

Why large payments need more planning

An A$500,000 transfer combines a currency purchase with a bank payment, so you need both stages to work before the recipient’s deadline.

A small difference in the rate can change the final cost by thousands, while a bank’s daily cap can delay funding even after you accept the quote.

For a property purchase, I want someone to explain the payment date and deposit requirements before I agree to a forward contract.

I have spoken with broker account managers and found them knowledgeable, which is why that contact appeals to me for a complicated payment.

A manager cannot skip the required checks or guarantee a better future exchange rate, so prepare the documents before relying on fast processing.

Your bank or a specialist?

Your bank avoids a separate domestic funding payment, which can be valuable when the money is already available and the overseas instructions are straightforward.

A specialist adds a separate bank-payment step, but may give you an account manager and rate tools for a committed future purchase.

Compare the full amount the recipient gets, because a broker’s margin, Wise’s fee and the bank’s exchange rate affect the same bill.

If you already hold the receiving currency, compare a same-currency bank payment before converting it to AUD and buying it back again.

Managing the transfer yourself

Wise and Xe offer online control for substantial payments, so a large amount alone does not mean you must book everything by phone.

My suggestion is to choose the service around the work involved, including a fixed foreign-currency bill, recipient changes and whether someone needs to coordinate with your lawyer.

For a company invoice or business investment, use international business transfers from Australia to check the business product and accepted funding accounts.

What can you use a large overseas transfer for?

What will your large transfer cost?

Compare the same AUD amount and recipient currency, including every fee and deduction that changes what the recipient can use.

For an A$500,000 payment, a 0.5% difference in total conversion cost represents A$2,500, so a small rate difference deserves attention.

The comparison below matches OFX and TorFX at the same amounts and destinations, while Send, Fiberpay and your bank need their own full-sum quotes.

Amount

AmountAUD 100,000AUD 500,000AUD 1,000,000Custom

Last updated at 16/10/2026

AUD GBP

Mid Market Rate $1 = £0.5217$1 = £0.5219$1 = £0.5219

Transfer Amount $100,000$500,000$1,000,000

1

TorFx

2

OFX

1

TorFx

2

OFX

1

TorFx

2

OFX

They get (after fees)

Transfer fees

FX Rate

Markup

£52,027.71

$0.00

0.5203

0.28%

Visit

£51,912.93

$0.00

0.5191

0.50%

Visit

£260,301.62

$0.00

0.5206

0.25%

Visit

£259,649.23

$0.00

0.5193

0.50%

Visit

£520,603.23

$0.00

0.5206

0.25%

Visit

£519,298.46

$0.00

0.5193

0.50%

Visit

AUD USD

Mid Market Rate $1 = $0.6939$1 = $0.6942$1 = $0.6943

Transfer Amount $100,000$500,000$1,000,000

1

TorFx

2

OFX

1

TorFx

2

OFX

1

TorFx

2

OFX

They get (after fees)

Transfer fees

FX Rate

Markup

$69,194.71

$0.00

0.6919

0.28%

Visit

$69,042.06

$0.00

0.6904

0.50%

Visit

$346,248.21

$0.00

0.6925

0.25%

Visit

$345,380.42

$0.00

0.6908

0.50%

Visit

$692,569.24

$0.00

0.6926

0.25%

Visit

$690,833.47

$0.00

0.6908

0.50%

Visit

Confirm the rate and final recipient amount with the company before booking, including any price agreed for your larger payment.

For a fixed invoice, ask how much AUD you must pay to cover the required foreign-currency sum after any intermediary or receiving-bank charges.

A quote for A$50,000 cannot prove which service is cheapest at A$1 million, so compare again at the amount you intend to send.

Fixing the rate for a future purchase

A forward contract fixes a rate for an agreed future payment, which can help you budget for a committed property purchase.

You may need a deposit and later top-ups, with the remaining balance due even if the market moves in your favour.

Cancellation can leave you owing money, so check the contract’s costs before fixing a rate for a purchase that is not yet settled.

How long will the transfer take?

Start with the date the recipient can use the money, allowing for account checks and the Australian bank payment before the overseas transfer begins.

Amount

AmountAUD 100,000AUD 500,000AUD 1,000,000Custom

Last updated at 16/10/2026

AUD GBP

Mid Market Rate $1 = £0.5217$1 = £0.5219$1 = £0.5219

Transfer Amount $100,000$500,000$1,000,000

1

TorFx

2

OFX

1

TorFx

2

OFX

1

TorFx

2

OFX

Delivery time

They get (after fees)

6-12 Hours

£52,027.71

Visit

6-12 Hours

£51,912.93

Visit

6-12 Hours

£260,301.62

Visit

6-12 Hours

£259,649.23

Visit

6-12 Hours

£520,603.23

Visit

6-12 Hours

£519,298.46

Visit

AUD USD

Mid Market Rate $1 = $0.6939$1 = $0.6942$1 = $0.6943

Transfer Amount $100,000$500,000$1,000,000

1

TorFx

2

OFX

1

TorFx

2

OFX

1

TorFx

2

OFX

Delivery time

They get (after fees)

6-12 Hours

$69,194.71

Visit

6-12 Hours

$69,042.06

Visit

6-12 Hours

$346,248.21

Visit

6-12 Hours

$345,380.42

Visit

6-12 Hours

$692,569.24

Visit

6-12 Hours

$690,833.47

Visit

Read each delivery estimate rather than treating the row order as a speed ranking, because the comparison sorts results by cost.

PayID or Osko can speed up a supported domestic funding payment, but does not itself send the money to the overseas recipient.

A bank may hold a first payment or require approval for a larger amount, even when the payment rail normally works around the clock.

Ask the company when it needs cleared AUD funds, then check the recipient’s banking hours, local holidays and any invoice-matching requirements.

For a property deadline, I suggest opening the account and resolving document questions before the week the payment is due.

How much money can I send overseas from Australia?

A$10,000 is not a legal ceiling for an electronic overseas payment, and larger amounts can be arranged through an approved bank or transfer service.

The amount you can send depends on the company, account, funding method and recipient, with sanctions able to prohibit an otherwise affordable payment.

Banks and remittance businesses report ordinary reportable international instructions to AUSTRAC irrespective of amount, so smaller transfers are not outside the reporting system.

You do not need to make a personal border declaration when transferring through a bank or money-transfer business, unlike physically carrying qualifying cash overseas.

Do not split payments to avoid checks, and agree any instalment plan with the company so all funds arrive before its payment deadline.

A daily online allowance is different from the company’s overall transfer capacity, which is why a larger phone or branch arrangement may be needed.

Prepare the documents and bank-payment route

Explain where the money came from

Keep a clear bank trail connecting the money’s source with the Australian account you will use to pay the company.

The company may also ask about your wider wealth, which is a separate question from where this particular payment came from.

Send readable documents through its secure channel, and ask about missing records early if a solicitor or estate administrator holds the money.

Pay from the correct Australian account

Check the BSB and account number, reference and accepted account ownership before sending the money, especially if you use a joint or third-party account.

Your bank’s domestic limit controls payment to an Australian collection account, while its international limit applies when the bank sends directly overseas.

For Wise RTGS funding, follow the details for that payment method and confirm your bank can make the larger domestic telegraphic transfer.

If the bank requires instalments, agree them before accepting the currency contract rather than discovering the funding delay after you owe the balance.

Confirm how the recipient gets paid

Get the recipient’s full name, account or IBAN, SWIFT/BIC and local routing details, together with the exact currency and payment reference.

A US bank payment may need a wire routing number, while a UK account needs the details appropriate to its GBP receiving route.

Verify changed lawyer or agent instructions through a trusted contact method, because a familiar invoice or email address does not prove new bank details are safe.

How to send and track the payment

How your money is protected

Check the Australian contracting company and its permissions, including the relevant ASIC licence and AUSTRAC registration, before paying a large sum.

Client-money accounts and segregation are protections to examine, but registration or a licence does not promise immediate recovery if a transfer company fails.

Check the terms for a forward deposit or held currency separately, including which company holds it and what happens if the payment cannot proceed.

For a dispute, use the company’s complaints process and check whether AFCA can consider an unresolved complaint about your service.

Tax, gifts and changes to your payment

Moving the money does not by itself establish the tax on its source, so check the original income, sale or inheritance and any destination-country obligations separately.

A large family gift can affect means-tested payments, so check Services Australia’s gifting rules if you receive a payment such as the Age Pension.

If you need to cancel after accepting a rate, contact the company immediately, because the contract may already be binding before you pay.

A payment already sent may need a recall, with recovery depending on the receiving banks and whether the money remains available.

Compare quotes for the full amount before choosing a company, then confirm that its funding arrangements fit your payment deadline.

Editorial notes (do not include in content):