How to send money to Tanzania from Australia
Sending money from Australia to Tanzania doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Interested to see if a multi-currency account can help with sending money abroad. Check out our guide and explore your options.
Send money from Australia to Tanzania by bank
If you’d like to send money from Australia to Tanzania via bank transfer, follow these steps:
Start the transfer
Let your bank know that you’d like to make a transfer from Australia to Australia. You should be able to do this online or in-branch.
Enter the recipient’s details
You’ll usually be given a form to fill out. Add your recipient's full details, including their name, bank account number, and branch code. You may also need to provide the IBAN or SWIFT code for their bank in Tanzania.
Make the payment
Your bank will probably charge a fee for the transfer. If you’re making a wire transfer, your recipient might need to pay a small fee for receiving the transfer too. They may also add a markup to the Australian Dollar to TZS exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of AUD to TZS is 1657.769146.
What’s the cheapest way to send money from Australia to Tanzania?
Without any money transfer providers serving the Australia to Tanzania route, the cheapest options are limited.
We would recommend using:
How the cost of sending money to Tanzania from Australia is calculated
The cost of sending money from Australia to Tanzania depends on several things, including:
The mid-market rate
The current mid-market rate between AUD and TZS is 1657.769146. The rate at the time you transfer will impact your overall cost and when sending through a bank, these are generally less competitive than using a money transfer company.
The markup and fee charged by a bank
Providers will often charge a markup on the rate, fees, or both, for transfers between Australia and Tanzania. Again, these are potentially less competitive than sending through a money transfer company.
Finding the best exchange rate for AUD to TZS
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Tanzanian Shillings you can get for your Australian Dollars. The average Australian Dollar to Tanzanian Shilling mid-market rate over the last month was 7.2242, with a low of 7.1999 and a high of 7.2382.
How we offer the best transfer options for Australia to Tanzania
Whilst there's no money transfer services available between Tanzania and Australia, we still ensure we've looked across the market in full to give you the best options.
So whether it's a money transfer provider or a multi-currency account, we'll always produce unbiased, detailed reviews of all the companies operating in some form in the Australian Dollar to Tanzania route, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
