Key Currency is the cheapest right now for transfers from Italy. Using a bank transfer deposit into a bank deposit will get you 11,044.95 AUD in Australia.
For speed, Wise is fastest, with delivery in within minutes.
| 12 of 12 providers Last updated on 28 October 2026 | |||
| Based on 7,000 EUR transfer Best companies for EUR/AUD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee €31.04 1 EUR = 1.5816 AUD +0.01% vs mid-market | Recipient gets $11,021.90 Within minutes | |
Ways to receive money in Australia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €31.041 EUR = 1.5816 AUD $11,021.90You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 1.5732 AUD +0.55% vs mid-market | Recipient gets $11,012.40 Minutes - 24 hours | |
Ways to receive money in Australia with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5732 AUD $11,012.40You pay€7,000.00 | |||
Run a live search Showing top Italy to Australia deals for 7,000 EUR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live EUR to AUD rates. | |||
Run a live search These companies offer multi-currency accounts for spending AUD. We suggest doing a live search based on how much EUR you're planning to spend in Australia. | |||
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: Special Rate for 1st Transfer  Key Currency Pay via Bank transfer | Fee €0.00 1 EUR = 1.5779 AUD +0.25% vs mid-market | Recipient gets $11,044.95 Minutes - 3 days | |
Ways to receive money in Australia with Key Currency when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days Free1 EUR = 1.5779 AUD $11,044.95You pay€7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1.5775 AUD +0.27% vs mid-market | Recipient gets $11,042.74 Minutes - 24 hours | |
Ways to receive money in Australia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5775 AUD $11,042.74You pay€7,000.00 | |||
 TorFx Pay via Bank transfer | Fee €0.00 1 EUR = 1.5771 AUD +0.30% vs mid-market | Recipient gets $11,039.42 Minutes - 24 hours | |
Ways to receive money in Australia with TorFx when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5771 AUD $11,039.42You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €31.04 1 EUR = 1.5816 AUD +0.01% vs mid-market | Recipient gets $11,021.90 Within minutes | |
Ways to receive money in Australia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €31.041 EUR = 1.5816 AUD $11,021.90You pay€7,000.00 | |||
 OFX Pay via Bank transfer | Fee €0.00 1 EUR = 1.5739 AUD +0.50% vs mid-market | Recipient gets $11,017.27 Minutes - 24 hours | |
Ways to receive money in Australia with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5739 AUD $11,017.27You pay€7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee €0.00 1 EUR = 1.5735 AUD +0.53% vs mid-market | Recipient gets $11,014.50 Minutes - 24 hours | |
Ways to receive money in Australia with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5735 AUD $11,014.50You pay€7,000.00 | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 1.5732 AUD +0.55% vs mid-market | Recipient gets $11,012.40 Minutes - 24 hours | |
Ways to receive money in Australia with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5732 AUD $11,012.40You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 1.5732 AUD +0.55% vs mid-market | Recipient gets $11,012.40 Minutes - 24 hours | |
Ways to receive money in Australia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5732 AUD $11,012.40You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 1.5732 AUD +0.55% vs mid-market | Recipient gets $11,012.40 Minutes - 24 hours | |
Ways to receive money in Australia with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.5732 AUD $11,012.40You pay€7,000.00 | |||
| Wise Pay via iDEAL | Fee €41.19 1 EUR = 1.5816 AUD +0.01% vs mid-market | Recipient gets $11,005.85 Within minutes | |
Ways to receive money in Australia with Wise when paying by ideal. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €41.191 EUR = 1.5816 AUD $11,005.85You pay€7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee €2.53 1 EUR = 1.5722 AUD +0.61% vs mid-market | Recipient gets $11,001.40 Minutes - 24 hours | |
Ways to receive money in Australia with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €2.531 EUR = 1.5722 AUD $11,001.40You pay€7,000.00 | |||
 TapTap Send Pay via Debit card | Fee €0.00 1 EUR = 1.5700 AUD +0.75% vs mid-market | Recipient gets $10,990.00 Minutes | |
Ways to receive money in Australia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 EUR = 1.5700 AUD $10,990.00You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €60.35 1 EUR = 1.5779 AUD +0.25% vs mid-market | Recipient gets $10,949.95 Same day | |
Ways to receive money in Australia with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame day €60.351 EUR = 1.5779 AUD $10,949.95You pay€7,000.00 | |||
| 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. | |||
| Wise Pay via Debit card | Fee €86.12 1 EUR = 1.5816 AUD +0.01% vs mid-market | Recipient gets $10,934.79 Within minutes | |
Ways to receive money in Australia with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €86.121 EUR = 1.5816 AUD $10,934.79You pay€7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee €0.00 1 EUR = 1.5597 AUD +1.40% vs mid-market | Recipient gets $10,917.62 Minutes - 2 days | |
Ways to receive money in Australia with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 EUR = 1.5597 AUD $10,917.62You pay€7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee €0.99 1 EUR = 1.5529 AUD +1.84% vs mid-market | Recipient gets $10,870.30 Minutes - 24 hours | |
Ways to receive money in Australia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 1.5529 AUD $10,870.30You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 1.5529 AUD $10,870.30You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee €0.99 1 EUR = 1.5529 AUD +1.84% vs mid-market | Recipient gets $10,870.30 Minutes - 24 hours | |
Ways to receive money in Australia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 1.5529 AUD $10,870.30You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 1.5529 AUD $10,870.30You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee €0.99 1 EUR = 1.5529 AUD +1.84% vs mid-market | Recipient gets $10,870.30 Minutes - 24 hours | |
Ways to receive money in Australia with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 1.5529 AUD $10,870.30You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 1.5529 AUD $10,870.30You pay€7,004.99 | |||
| Wise Pay via Credit card | Fee €128.20 1 EUR = 1.5816 AUD +0.01% vs mid-market | Recipient gets $10,868.23 Within minutes | |
Ways to receive money in Australia with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €128.201 EUR = 1.5816 AUD $10,868.23You pay€7,000.00 | |||
| How Our Results Work Mid-market rate: 1 EUR = 1.5818 AUD Updates every 60 minutes. | |||
Transfer details
For a one-off EUR transfer to Australia, I suggest picking the cheapest option which is Key Currency.
Key Currency was the cheapest on 26 of the 29 days it quoted €7,000 transfers to Australia.
On a 7,000 EUR transfer, Key Currency delivers the most AUD.
The best option will change depending on how much you actually send, so I suggest to get the best EUR/AUD rate.
You have 4 ways to fund your transfer: bank transfer, debit card, credit card, and iDEAL.
Sending money to Australia directly with SEPA is expensive, but it's a cheap and quick way to fund your money transfer account.
You can also use a debit card to fund the transfer, including the Postepay card.
First time round you'll need your codice fiscale and a photo ID to verify your account.
How much EUR you send to Australia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Key Currency was the cheapest in 90% of the transfers from €5,000 it quoted, and in 90% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| €500 | 0.19% | €0.00 | $789.20with debit card to bank deposit | +$5.79 | |
| €1,000 | 0.10% | €0.00 | $1,579.90with debit card to bank deposit | +$10.56 | |
| €2,000 | 0.02% | €9.64 | $3,147.32with bank transfer to bank deposit | +$14.93 | |
| €5,000 | 0.22% | €0.00 | $7,891.50with debit card to bank deposit | +$51.38 | |
| €7,000This page | 0.25% | €0.00 | $11,044.95with bank transfer to bank deposit | +$71.44 |
Mid-market rate: 1 EUR = 1.5818 AUD
The cheapest way to send EUR to AUD can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Key Currency), across 30 days of comparisons for 7,000 EUR transfers to Australia.
Wed, 28 Oct 2026Mid-market rate$11,072.64 Key Currency $11,044.95Key Currency$11,044.95Regency FX$11,042.74TorFx$11,039.42
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6240 | – | $11,368.13 | |
| | 1.6200 | €0.00 | $11,340.00 | −$28.13 |
| | 1.6200 | €0.00 | $11,339.71 | −$28.42 |
| | 1.6196 | €0.00 | $11,337.43 | −$30.70 |
| | 1.6191 | €0.00 | $11,334.02 | −$34.11 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6270 | – | $11,389.03 | |
| | 1.6229 | €0.00 | $11,360.56 | −$28.47 |
| | 1.6226 | €0.00 | $11,358.28 | −$30.75 |
| | 1.6221 | €0.00 | $11,354.86 | −$34.17 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6282 | – | $11,397.32 | |
| | 1.6241 | €0.00 | $11,368.82 | −$28.50 |
| | 1.6238 | €0.00 | $11,366.54 | −$30.78 |
| | 1.6233 | €0.00 | $11,363.12 | −$34.20 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6222 | – | $11,355.62 | |
| | 1.6182 | €0.00 | $11,327.23 | −$28.39 |
| | 1.6179 | €0.00 | $11,324.96 | −$30.66 |
| | 1.6174 | €0.00 | $11,321.56 | −$34.06 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6250 | – | $11,374.73 | |
| | 1.6209 | €0.00 | $11,346.29 | −$28.44 |
| | 1.6206 | €0.00 | $11,344.02 | −$30.71 |
| | 1.6201 | €0.00 | $11,340.60 | −$34.13 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6250 | – | $11,374.73 | |
| | 1.6209 | €0.00 | $11,346.29 | −$28.44 |
| | 1.6206 | €0.00 | $11,344.02 | −$30.71 |
| | 1.6201 | €0.00 | $11,340.60 | −$34.13 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6119 | – | $11,283.17 | |
| | 1.6079 | €0.00 | $11,254.97 | −$28.20 |
| | 1.6075 | €0.00 | $11,252.71 | −$30.46 |
| | 1.6070 | €0.00 | $11,249.32 | −$33.85 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6107 | – | $11,274.66 | |
| | 1.6066 | €0.00 | $11,246.48 | −$28.18 |
| | 1.6063 | €0.00 | $11,244.22 | −$30.44 |
| | 1.6058 | €0.00 | $11,240.84 | −$33.82 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6087 | – | $11,260.57 | |
| | 1.6046 | €0.00 | $11,232.42 | −$28.15 |
| | 1.6043 | €0.00 | $11,230.17 | −$30.40 |
| | 1.6038 | €0.00 | $11,226.79 | −$33.78 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6098 | – | $11,268.54 | |
| | 1.6058 | €0.00 | $11,240.37 | −$28.17 |
| | 1.6054 | €0.00 | $11,238.11 | −$30.43 |
| | 1.6050 | €0.00 | $11,234.73 | −$33.81 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6082 | – | $11,257.55 | |
| | 1.6042 | €0.00 | $11,229.40 | −$28.15 |
| | 1.6039 | €0.00 | $11,227.15 | −$30.40 |
| | 1.6034 | €0.00 | $11,223.77 | −$33.78 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6084 | – | $11,259.12 | |
| | 1.6044 | €0.00 | $11,230.97 | −$28.15 |
| | 1.6041 | €0.00 | $11,228.72 | −$30.40 |
| | 1.6036 | €0.00 | $11,225.34 | −$33.77 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6084 | – | $11,259.12 | |
| | 1.6044 | €0.00 | $11,230.97 | −$28.15 |
| | 1.6041 | €0.00 | $11,228.72 | −$30.40 |
| | 1.6036 | €0.00 | $11,225.34 | −$33.77 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6055 | – | $11,238.76 | |
| | 1.6015 | €0.00 | $11,210.66 | −$28.10 |
| | 1.6012 | €0.00 | $11,208.41 | −$30.35 |
| | 1.6007 | €0.00 | $11,205.04 | −$33.72 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6045 | – | $11,231.33 | |
| | 1.6005 | €0.00 | $11,203.25 | −$28.08 |
| | 1.6001 | €0.00 | $11,201.00 | −$30.33 |
| | 1.5997 | €0.00 | $11,197.63 | −$33.70 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5966 | – | $11,175.92 | |
 | 1.5967 | €0.00 | $11,176.61 | +$0.69 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6169 | – | $11,318.02 | |
| | 1.6128 | €0.00 | $11,289.72 | −$28.30 |
| | 1.6125 | €0.00 | $11,287.46 | −$30.56 |
| | 1.6120 | €0.00 | $11,284.07 | −$33.95 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6150 | – | $11,304.85 | |
| | 1.6109 | €0.00 | $11,276.59 | −$28.26 |
| | 1.6106 | €0.00 | $11,274.33 | −$30.52 |
| | 1.6101 | €0.00 | $11,270.94 | −$33.91 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6136 | – | $11,295.26 | |
| | 1.6180 | €31.04 | $11,275.64 | −$19.62 |
| | 1.6096 | €0.00 | $11,267.02 | −$28.24 |
| | 1.6093 | €0.00 | $11,264.76 | −$30.50 |
| | 1.6088 | €0.00 | $11,261.37 | −$33.89 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6136 | – | $11,295.26 | |
| | 1.6180 | €31.04 | $11,275.64 | −$19.62 |
| | 1.6096 | €0.00 | $11,267.02 | −$28.24 |
| | 1.6093 | €0.00 | $11,264.76 | −$30.50 |
| | 1.6088 | €0.00 | $11,261.37 | −$33.89 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6063 | – | $11,243.93 | |
| | 1.6023 | €0.00 | $11,215.82 | −$28.11 |
| | 1.6019 | €0.00 | $11,213.57 | −$30.36 |
| | 1.6015 | €0.00 | $11,210.20 | −$33.73 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6049 | – | $11,234.50 | |
| | 1.6009 | €0.00 | $11,206.41 | −$28.09 |
| | 1.6006 | €0.00 | $11,204.16 | −$30.34 |
| | 1.6001 | €0.00 | $11,200.79 | −$33.71 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5975 | – | $11,182.70 | |
| | 1.5935 | €0.00 | $11,154.75 | −$27.95 |
| | 1.5932 | €0.00 | $11,152.51 | −$30.19 |
| | 1.5927 | €0.00 | $11,149.15 | −$33.55 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6012 | – | $11,208.60 | |
| | 1.5972 | €0.00 | $11,180.58 | −$28.02 |
| | 1.5969 | €0.00 | $11,178.34 | −$30.26 |
| | 1.5964 | €0.00 | $11,174.98 | −$33.62 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5952 | – | $11,166.26 | |
| | 1.5912 | €0.00 | $11,138.34 | −$27.92 |
| | 1.5909 | €0.00 | $11,136.11 | −$30.15 |
| | 1.5904 | €0.00 | $11,132.76 | −$33.50 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6058 | – | $11,240.89 | |
| | 1.6018 | €0.00 | $11,212.78 | −$28.11 |
| | 1.6015 | €0.00 | $11,210.54 | −$30.35 |
| | 1.6010 | €0.00 | $11,207.16 | −$33.73 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6058 | – | $11,240.89 | |
| | 1.6018 | €0.00 | $11,212.78 | −$28.11 |
| | 1.6015 | €0.00 | $11,210.54 | −$30.35 |
| | 1.6010 | €0.00 | $11,207.16 | −$33.73 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5946 | – | $11,162.12 | |
| | 1.5906 | €0.00 | $11,134.21 | −$27.91 |
| | 1.5903 | €0.00 | $11,131.98 | −$30.14 |
| | 1.5898 | €0.00 | $11,128.63 | −$33.49 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5903 | – | $11,131.92 | |
| | 1.5863 | €0.00 | $11,104.09 | −$27.83 |
| | 1.5860 | €0.00 | $11,101.86 | −$30.06 |
| | 1.5855 | €0.00 | $11,098.52 | −$33.40 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5818 | – | $11,072.64 | |
| | 1.5779 | €0.00 | $11,044.95 | −$27.68 |
| | 1.5775 | €0.00 | $11,042.74 | −$29.90 |
| | 1.5771 | €0.00 | $11,039.42 | −$33.22 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.5818 | – | $11,072.64 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more AUD per EUR than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 1 of the last 30 days.
Right now, Key Currency pays 11,044.95 AUD on 7,000 EUR, which is 27.68 AUD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 11,368.82 AUD.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Australia.
We've tracked 94 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest every time
Never the cheapest
Cheapest in 36% of them
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 90% of them
Never the cheapest
Cheapest in 16% of them
Based on 94 comparisons across 5 amounts over the last 30 days.
Cheapest in 91% of them
Never the cheapest
Cheapest in 8% of them
Based on 142 comparisons across 5 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Key Currency is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.
12 companies send money from Italy to Australia. You can send EUR via broker, app, online, multi-currency account, global account, and in person, and more below.
Regular transfers
For the regular transfer home, an app like Wise is the easiest and most convenient option.
Over the past month, Wise was the cheapest app on 63% of the days it appeared for €7,000 transfers.
Wise charges €31.04 on a €7,000 transfer, and 11,021.9 AUD lands in within minutes.
For one-off transfers
Outside the euro transfers, a bank transfer passes through intermediary banks, and each one can take a cut along the way.
Online services skip this and use their own network (it’s much cheaper).
Wise delivers 11,021.9 AUD on €7,000 with a €31.04 fee and 0.01% markup.
In our comparisons over the past month, it was the cheapest online service on 29 of the 30 days it quoted.
Sending large sums
Managed services charge no fees and work on margin instead, and the more you send to Australia, the better rate you will get.
Key Currency charges no fee and adds 0.25% on EUR/AUD rate.
Our analysis shows Key Currency was the cheapest broker in 100% of the transfers from €5,000 it quoted.
Travelling and receiving
If you travel to Australia often, or receive payments from there, this is the best option.
Multi-currency accounts let you hold EUR and AUD in one account, and give you local details.
I suggest trying Wise.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
It holds EUR and AUD balances and charges small fees to convert between them.
For business payments
Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.
A few good options are Wise Business, Airwallex, and Payoneer.
With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 11,044.95 AUD.
In Italy, you can pay by bank transfer, debit card, credit card, and iDEAL.
Satispay and Bancomat Pay are mainly domestic payment methods, they do not send AUD to Australia by themselves.
In Australia, the recipient can use bank deposit and cash pickup.
In Australia, they can collect cash through All Banks.
They need to take a photo ID and the collection reference to a participating All Banks location in Australia.
You pay €7,000.00
A$11,045
Cheapest
You pay €7,000.00
A$11,012
-A$33
You pay €7,000.00
A$11,012
-A$33
You pay €7,000.00
A$11,006
-A$39
You pay €7,004.99
A$10,870
-A$175
You pay €7,004.99
A$10,870
-A$175
You pay €7,004.99
A$10,870
-A$175
For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.
These are the leading options for a €7,000 transfer to Australia.
Cheapest way to send money to Australia
The cheapest option is Key Currency, funded by bank transfer with bank deposit for the payout. Your recipient gets 11,044.95 AUD, which is 0.02% more than the next best option.
Fastest way to send money to Australia
The fastest option is Wise. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 11,021.9 AUD, with the money arriving in within minutes.
A bonifico can move euros from your Italian bank to the transfer company through SEPA.
Companies like Key Currency then convert the money into AUD and pay your recipient in Australia through a local bank, a wallet, or a cash-pickup network.
SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.
In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.
The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.
Their Italian agents must appear in the OAM register.
Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.
Use a clear causale and keep the document that explains the money ready.
For property proceeds, tuition or moving savings, tell the bank before the transfer is due.
If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.
Every company here is registered with Banca d'Italia or passported in from elsewhere in the EU.
We track 12 of them on EUR to Australia, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.
In the past 30 days alone, we analysed 94 comparisons across 5 amounts.
This page covers the cheapest and fastest options for EUR/AUD transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Nothing appears without passing our review.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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