I will explore the Best Methods of Transferring Money Internationally From Australia in 2026. As Australia continues to grow internationally, it is important to find fast, safe and cheap ways to send money.
Wise and Airwallex are fintech options, while established banks such as Commonwealth and ANZ use the SWIFT method.
Each service has their own advantages which are outlined below. Picking the right one will come down to price, how fast is needed, and who is going to receive the money.
Key Points & Best Ways To Send Money Internationally From Australia
| Method | Key Point |
|---|---|
| Wise | Low fees and mid-market exchange rates, ideal for everyday transfers |
| Airwallex | Best for businesses, offers local payment rails and SWIFT transfers with transparent FX |
| Remitly | Fast transfers, instant delivery in many countries, promotional fee-free options |
| MoneyGram | Global reach, available in 200+ countries, cash pickup options |
| InstaReM | Competitive rates, instant transfers, discounts for new users |
| OFX | Best for large transfers, no transfer fees, strong customer support |
| PayPal/Xoom | Convenient but higher fees, widely accepted, linked to PayPal accounts |
| Western Union | Cash pickup flexibility, massive agent network worldwide |
| Regency FX | Specialist for high-value transfers, tailored service for large sums |
| Traditional Banks (SWIFT) | Secure but costly, slower transfers, intermediary fees apply |
10 Best Ways To Send Money Internationally From Australia In 2025
1. Wise
Wise is certainly very well known among Australians needing to send funds around the globe. They have mid-market exchange rates and their cheapest transfer fee is 0.1%.
They have a higher fee structure than traditional banks, but only marginally so. Transfers take from 1-2 seconds and it is even possible to lock in an exchange rate for a full 24 hours.
They operate in around 80 countries and have 53 different currency options. Everyone reasonably pays Wise their fee, but transparency is key.
Everyone should send money to relatives and friends and for ordinary transactions, Wise is the best deal by far.
| Feature | Description |
|---|---|
| Exchange Rate | Uses mid-market rate, no hidden markup |
| Fees | Transparent, low fees (often <1%) |
| Speed | Transfers usually complete within seconds to hours |
| Coverage | Supports 80+ countries, 50+ currencies |
| Best For | Everyday personal transfers |
2. Airwallex
Airwallex is more of a business tool than a personal one, but does offer borderless accounts where a business can, collect, hold and pay in multiple foreign currencies.
They have local payment rails and support of SWIFT, so their transfers are both cheaper and quicker.
Even complex e-commerce transactions are straightforward with it and for freelancers and full businesses with employees, it’s very helpful.
They offer accounting integrations and even provide virtual cards. They offer very competitive rates for foreign currency exchange and aren’t too expensive for monthly fees, so help Australian businesses a lot more than banks do.
| Feature | Description |
|---|---|
| Target Users | Designed for businesses and freelancers |
| Accounts | Borderless accounts to hold multiple currencies |
| Payment Rails | Local transfers + SWIFT for global reach |
| Integration | Works with accounting tools and virtual cards |
| Best For | International business payments |
3. Remitly
Remitly is reputable money transfer platform and is well established for sending money overseas. It works in over 170 countries with a choice between Economy (higher transfer fees, delivered slower) or Express .
Cash pickup, bank deposits, and mobile wallet options are available, making Remitly popular for cash remittances. New Remitly users often pay little to no fees due to various international transfer promotion events.
With its straightforward and secure mobile app, Remitly is portable enough for Australians to help overseas relatives. In addition, Remitly gives enough options to satisfy a quick need in transfer remittances.
| Feature | Description |
|---|---|
| Transfer Options | Economy (low fee, slower) or Express (instant, higher fee) |
| Delivery Methods | Cash pickup, bank deposit, mobile wallets |
| Coverage | 170+ countries |
| Promotions | Discounts for new users |
| Best For | Family remittances and personal support |
4. MoneyGram
Starting as one of the oldest companies in the money transfer industry, MoneyGram is well recognized and is available in over 200 countries.
MoneyGram services the Australian users via online money transfer, mobile app, and over 430,000 agent locations.
It gives recipients the ability to pick up cash in person, making it convenient for people without a bank account.
MoneyGram services in the cash transfer industry include quick money transfer services. However, unlike online cash transfer companies, MoneyGram has a higher transfer fee.
| Feature | Description |
|---|---|
| Global Reach | Available in 200+ countries |
| Agent Network | 430,000+ locations worldwide |
| Delivery | Cash pickup and digital transfers |
| Speed | Often within minutes |
| Best For | Recipients without bank accounts |
5. InstaReM
InstaReM is most renowned for its good rates with a constant fee structure. Citizens in Australia are able to relay currency to 160+ countries with the transfers arriving in a matter of hours.
New users of the service are granted promotional offers with the most popular being no fee requirement on a users account for their first transfers.
InstaReM now has services tailored to enterprises that need payment to their suppliers and/or employees all of which is done via a unified digital solution.
Transparency is the goal at the core of the InstaReM platform. Users are able to be shown the amounts
They are paying to be able to receive a currency and are also shown the amounts that the recipients are able to receive.
All of which being done with cost rates that are far lower than the rates that banks are able to offer. A great option for all enterprises and individuals.
| Feature | Description |
|---|---|
| Rates | Competitive FX rates, transparent fees |
| Speed | Transfers within hours |
| Coverage | 160+ countries |
| Promotions | Zero fees for first transfer |
| Best For | Affordable personal and business transfers |
6. OFX
OFX is an Australian company that mainly operates in the industry of large transfers. The company has amazing rates that banks won’t offer and also an exceptional level of customer assistance.
Their are no transfer fees on the service and the average time for a completion of a transfer is 1-2 business days. The platform has also been reported to hold support for 55 currencies.
The company is amazing for investment purposes and for people that need to purchase properties along with being a great option for people that have emailed high amounts of money for use in business.
They even allow automated transfers to be scheduled which helps with peoples re-occuring commitments. The company is overall great.
They also offer expenses that are a bit higher than the industry average for smaller amounts but it is a great company to transfer any high amount of money.
| Feature | Description |
|---|---|
| Specialization | Large transfers (property, investments) |
| Fees | No transfer fees |
| Support | 24/7 customer service |
| Currencies | 55+ supported |
| Best For | High-value secure transfers |
7. PayPal/Xoom
PayPal and Xoom (a PayPal subsidiary) allow for fast and easy international transfers. Using PayPal lets you send and receive money instantly to and from more than 110 countries.
Unfortunately, PayPal has higher fees and exchange rate markups than rival services. Xoom allows for cash pickup, bank deposits, and mobile wallet transfers, and it is usually just as fast as PayPal.
PayPal/Xoom is not the cheapest out of all the services, and if it is a more expensive service you are looking for, it is not the service you should choose.
| Feature | Description |
|---|---|
| Convenience | Linked to PayPal accounts |
| Delivery | Cash pickup, bank deposit, mobile wallets |
| Speed | Instant transfers in many cases |
| Coverage | 110+ countries |
| Best For | Quick, smaller transfers |
8. Western Union
Western Union is one of the largest and most established services for international money transfers and has been for more than 150 years.
Australians can send money through their website, mobile app, and also through numerous locations if they are looking for to send money with a more traditional approach.
Western Union can, however, be less affordable than some only digital service providers. That said
Western Union has many great promotional offers and is a great choice for anyone looking for reliable international money transfers.
| Feature | Description |
|---|---|
| History | 150+ years of experience |
| Network | Thousands of agent locations worldwide |
| Delivery | Cash pickup flexibility |
| Speed | Transfers often within minutes |
| Best For | Global reach and in-person collection |
9. Regency FX
Regency FX is a provider that is great for anyone looking to do high-value transfers. It also provides specialized services, personalized account management, and a great personal service overall.
Regency FX has over three decades of experience, and is reliable for large and sensitive transactions like real estate and business payment transfers.
Your funds are always protected by FCA-regulated covering partners. While small remittance transfers are not the focus, when it comes to large transfers of international currency
They are the best. Aussies who are looking for reliable, custom, and expert service to surpass big banks and get better rates choose Regency FX.
| Feature | Description |
|---|---|
| Specialization | High-value transfers |
| Service | Tailored, personalized account management |
| Rates | Competitive FX rates |
| Security | FCA-regulated partners |
| Best For | Property purchases, corporate payments |
10. Traditional Banks (SWIFT)
The SWIFT network is the industry standard, and Australia’s Big Four banks—Commonwealth, Westpac, NAB and ANZ—still dominate international tranfers.
While it’s familiar and secure, bank transfers are slower (2–5 days) and often more expensive, with high fees and unfavorable exchange rates in comparison to fintechs.
There are also intermediary banks that deduct their fees. For those prioritizing trust and security over cost, banks are a safe option. However, there’s a growing preference for fintechs among Australians.
| Feature | Description |
|---|---|
| Network | SWIFT connects 200+ countries |
| Security | Highly trusted and regulated |
| Speed | 2–5 business days |
| Fees | High fees, poor FX rates |
| Best For | Those prioritizing trust over cost |
Cocnlusion
In cocnlusion Transferring funds internationally from Australia in 2025 has many choices, special low-fee fintech services, such as Wise and InstaReM, or business-focused services like Airwallex and OFX.
Money transfer services such as Remitly, MoneyGram, and Western Union offer quick and convenient transfers while PayPal/Xoom also adds convenience.
For larger money transfer amounts, Regency FX and banks via SWIFT are secure, although they are costly.
FAQ
What is the cheapest way to send money abroad?
Wise and InstaReM usually offer the lowest fees with mid‑market exchange rates.
Which service is fastest?
Remitly Express, MoneyGram, and Western Union often deliver funds within minutes.
What’s best for businesses?
Airwallex and OFX provide multi‑currency accounts and tailored support for large transfers.
Can I send money for cash pickup?
Yes, Western Union, MoneyGram, and Xoom allow recipients to collect cash worldwide.
Are banks still reliable?
Traditional banks using SWIFT are secure but slower and more expensive.
How do I choose the right service?
Consider cost, speed, destination, and recipient needs before selecting a provider.
