Compare all the best ways to send money to Austria

Pay attention to EUR exchange rates, as it determines how much EUR your recipient will receive.

For instance, today’s average USD to EUR rate is 0.9397 but the highest rate over the past 3 months was 0.9332 EUR/USD.

Your aim is to transfer when EUR reaches a higher value so waiting a few days could result in a better rate, hence more EUR received.

If you have to send money to Austria now, we recommend Wise. It consistently provided the best EUR rates over the past six months.

How you fund your transfer affects the cost, speed, and the amount of Euro the recipient will receive.

The cheapest way to fund your transfer to Austria is with a Bank transfer via Revolut, which is 0.3% cheaper than the next cheapest service.

Based on our six-month analysis of a $2,000 transfer from to Austria, here are the top options:

• Revolut (bank transfer): Costs $0 + 0.16% markup on top of the EUR mid-market rate.

• Instarem (debit card): Costs $0.53 + 0% markup.

• Instarem (credit card): Costs $0 + 0% markup.

Debit card are the most expensive funding method when sending money to Austria, so we recommend avoiding it to maximize the amount of EUR received.

Credit card transfers may result in cash advance fees and higher interest rates for transfers to Austria.

For instance, Xe charges $1,339.5 for credit card deposits, while Revolut charges $0 for bank transfers.

Avoid using the SWIFT network for transfers to Austria, as it's slower and more expensive. Instead, consider cheaper options like ACH or account balance for EUR transfers.

Money transfer companies often have minimum and maximum limits on how much EUR you can send to Austria.

The amount of EUR you send can impact the fees and exchange rate. Some services such as Wise may offer a better exchange rate for large EUR transfers.

There may also be government-imposed restrictions, commercial limitations, and other factors that may affect how much EUR you can send.

To ensure your money transfer to Austria goes smoothly, especially if sending large amounts of Euro, use our comparison tool to find the service that best fits your needs.

The speed of sending Euro to Austria depends on factors like the amount of EUR sent, the chosen deposit and withdrawal methods, and when you send EUR.

As a rule of thumb, faster transfers come with higher fees.

Let’s imagine you want to send 2,000 USD from the US to Austria, here are your options:

• For the fastest transfers, use Wise - Out of 22 companies serving Austria, Wise appeared 19 times in our searches as the fastest service in the past 6 months.

• For bank and card deposits, use Wise - Wise provides fast and affordable EUR transfers, with fees around $11.59 for bank account deposits and $80.74 for debit/prepaid card deposits, with a small -0.01% markup on the ‘real’ EUR exchange rate.

• For credit card transfers, use Xe - Xe charges $530.72 for credit card transfers to Austria with 0% markup. However, beware of potential cash advance fees and higher interest rates from your credit card company.

• For urgent transfers, use cash transfer services - If you need Euro to be delivered urgently, services like Western Union, MoneyGram, or Ria Money will have it ready within minutes for collection in Austria.

Avoid using the SWIFT network for EUR transfers, as intermediary banks slow the process. Instead, opt for faster and more cost-effective alternatives discussed above.

There are four main ways you can send money to Austria:

1. Money transfer company - You can transfer money online using an FX broker (managed service) or a self-managed online company like Wise. Based on our 6-month analysis, Wise ranked as the top provider for transfers to Austria, appearing in 50 comparisons involving EUR.

2. Mobile apps and digital wallets - Many services that support transfers to Austria offer mobile apps, often giving transfer offers on EUR rates.

3. Cash transfers - You can send cash to Austria through services like Ria Money, MoneyGram, or Western Union. Cash transfers are typically instant, but the recipient must visit a local agent in Austria to collect the Euro.

4. Wire transfers - While you can send money to Austria through your bank, we advise against it. Banks can charge up to $60 per transfer to Austria and add 5% - 6% to the EUR exchange rate. Instead, use bank transfer to deposit money to Wise and send EUR from there.

There are several ways to receive money in Austria, and choosing the right one will help the recipient get the most EUR. Mainly, these are:

• Deposit to bank account - For direct bank deposits in Austria, we recommend Revolut, which appeared in 42.6% of EUR searches as the cheapest option for bank transfers. EUR will arrive directly to the recipient's bank account in Austria.

• Deposit to digital or mobile wallet - EUR can be sent directly to digital wallets like PayPal, though this option often has more limitations and higher costs compared to services like Revolut. Recipients in Austria will need to transfer it to their account, which may incur more fees.

• Cash pickup or home delivery - If the recipient needs EUR urgently or doesn't have access to a bank account in Austria, cash pickup or door-to-door delivery is a good alternative. Be sure to check if these services are available in Austria. This will require the recipient to visit a nearby agent in Austria.

When making large EUR transfers or sending Euro for cash pickup, the recipient may need the following:

• Government-Issued ID: This can be a non-expired and valid passport, driver’s license, or national ID of Austria.

• Sender’s Details: The sender's full name, address, and other personal information.

• Transfer Details: The amount being received in EUR.

• Transfer number: This is given to the sender at the time of transfer. They should give it to the receiver.

• SWIFT Code / IBAN: This may be required for bank transfers to Austria from some countries.

*The exact documents may vary depending on the transfer method and service used.

For bank accounts, debit cards, or wallet deposits, the recipient typically doesn’t need to do anything. Euro will arrive without their involvement.

For larger transfers, companies may request additional documents like proof of funds and address verification in compliance with Anti-Money Laundering policies.

We recommend using Wise for sending large amounts of Euro.

When sending money to Austria, there may be tax implications and government-imposed limits on Euro transfers.

Some Euro transfers may be subject to gift tax, commercial tax, and other types of taxes.

Even if no immediate taxes or limits apply, larger EUR transfers may need to be reported to tax authorities in Austria or your home country.

To be fully safe, we strongly recommend consulting with a tax professional in either Austria or your home country to ensure compliance with relevant regulations and tax laws.