Best way to transfer money to Australia

More and more people are considering transferring money from other countries to Australia. There are different reasons for this; however, it doesn’t matter what the reason. What is important is that you should use the right site or company for transferring money from another country to Australia. These are some of the best companies that you can use for transferring money to Australia, from other abroad. The best way to transfer money from overseas to Australia will depend on how much money you need to transfer and which country you are transferring from. Check below to find out the details.

Foreign currencies that you can change into Austrlaian dollars and bring to Australia

Comparison of the top 7 money transfer companies

To know for sure that you are going to use the right money transfer company when transferring money from overseas to Australia, you need to make sure that you are comparing the top 7 companies with each other.
With this comparison table, you will be able to see which site or company you can use, and what the requirements for each of these companies will be. Making it easier and better for you to transfer money from overseas.

Comparison table of money transfer companies.

Sites/companies Year established Currencies offered Transfer options Minimum amount Fees
Compass markets 1998 50 Online/phone AU$1,000 AU $10
FC exchange 2005 50 Online/phone £1,000 £10
HIFX 1998 60 Online/phone AU $50 AU $15 per transfer
OFX 2005 55 Online/phone/email AU $250 No fees
Torfx 2004 45 Online/phone AU $200 No fees
Transferwise 2011 38 Online/mobile/chat/email AU $1 No fees
Worldfirst 2004 121 Online/phone/email AU $2,000 AU $10 under $10 000

Currencies and countries that each company can do.

Compassmarkets FCExchange HiFX Ofx Torfx Transferwise Worldfirst
United States Dollar

Great British Pounds

New Zealand Dollars

Euros

Japanese Yen

Swiss Francs

Canadian Dollars

Chinese Yuan

Hong Kong Dollars Singapore Dollars

Thai Baht

Danish Kroner

Norwegian Kroner

Swedish Kroner

South African Rand

AE Dirham

Australian Dollar

Bahamian Dollar

Bahraini Dinar

Botswana Pula

British Pound Sterling

Bulgarian Lev

Canadian Dollar

Cayman Island Dollar

Chinese Yuan Renminbi

Croatian Kune

Czech Koruny

Danish Krone

East Caribbean Dollar

Euro

Ghanaian Cedi

Hong Kong Dollar

Hungarian Forint

Israeli Shekel

Indian Rupee

Jamaican Dollar

Jordanian Dinar

Japanese Yen

Kenyan Shilling

Kuwaiti Dinar

Sri Lankan Rupee

Mauritian Rupee

Mexican Peso

Nigerian Naira

New Zealand Dollar

Norwegian Krone

Ormani Rial

Russian Ruble

Saudi Riyal

Singapore Dollar

South African Rand

Swedish Krona

Swiss Franc

Thai Baht

Turkish Lira

Ugandan Shilling

US Dollar

Australian Dollar,

Canadian Dollar,

United States Dollar,

Euro,

Great British Pound,

Hong Kong Dollar,

Papua, New Guinean, Kina

Singapore Dollar,

Danish, Krone,

Japanese Yen,

Thai Baht,

Vanuatu Vatu,

Indian Rupee,

New Zealand Dollar,

Philippine Peso,

Solomon Islands Dollar,

Swedish Krona,

United Arab Emirates Dirham,

Central Pacific Franc,

Fiji Dollar,

Mexican Peso,

Norwegian Krone,

Samoan Tālā,

South African Rand,

Swiss Franc,

Afghanistan

Belarus

Burma

Democratic Republic of Congo

Republic of Congo

Cote d’Ivoire

Cuba

Iran

Iraq

North Korea

Lebanon

Liberia

Libya

Rwanda

Sierra Leone

Somalia

Sudan

Syria

Zimbabwe

British Pounds,

US Dollar,

Euro,

Australian Dollar,

Canadian Dollar,

Czech Koruna,

Danish Krone,

Hong Kong Dollar,

Hungarian Forint,

Indian Rupee,

Japanese Yen,

New Zealand Dollar,

Norwegian Krone,

Singapore Dollar,

South African Rand,

Swedish Kroner,

Swiss Franc,

Thai Baht,

Turkish Lira,

UAE Dirham,

Australian Dollars,

British Pounds,

Brazilian Real,

Bulgarian Lev,

Canadian Dollar

Chilean Peso,

Chinese Yuan,

Colombian Peso,

Croatian Kuna,

Czech Koruna,

Danish Krone,

Emirati Dirham,

Georgian Lari,

Hungarian Forint,

Hong Kong Dollar,

Indian Rupee,

Indonesian Rupiah ,

Japanese Yen,

Malaysian Ringgit,

Moroccan Dirham,

New Zealand Dollar,

Norwegian Krone,

Pakistani Rupee,

Philippine Peso

Russian Rouble

Romanian Leu,

Sri Lankan Rupee,

South African Rand,

Swedish Krona,

Swiss Franc,

Thai Baht,

Turkish Lira,

Ukrainian Hryvna,

Bangladeshi Taka,

Vietnamese Dong,

United Arab Emirates dirham,

Australian dollar,

Bulgarian lev,

Canadian dollar,

Swiss franc,

Czech koruna,

Danish krone,

Euro,

British pound,

Hong Kong dollar,

Hungarian forint,

Israeli shekel,

Japanese yen,

Norwegian krone,

New Zealand dollar,

Polish zloty,

Romanian leu,

Saudi riyal,

Swedish krona,

Thai baht,

Turkish lira,

US dollar,

South Africa rand,

Compass Global market

Compass Global market is an Australian based company where you can transfer money from overseas to Australia. The company was established in 1998, making this one of the oldest and most trustworthy company for moving money internationally.
You can move money from 50 different currencies to Australia, and you are going to pay a fee of AU $10 for each transaction that you are going to make. The minimum amount of money that you can transfer is AU $1,000, and there is no maximum amount that you are allowed to move. The transfer speed is fast, and most of the time within 24 hours.
You need to make sure that you are registered with Compass Global market before you can start transferring money to Australia. They are making use of a secure system, so there aren’t any risks for you when moving large amounts of money to Australia.

FC Exchange

FC Exchange was established in 2005. This is a money transfer company that is offering money transfers from most currencies to Australia for business and personal use. This company is situated in the US, but people living in Australia can also use this company to transfer money to Australia. You should just make sure that you are going to register and follow their instructions. You can do the transfer option per phone or online. This gives you options to choose what type of communication is best for you.

They are offering 50 different currencies and the fee that you will pay is about £10 per transaction that is under £10,000. The minimum amount that you can transfer is £1,000, and there isn’t a maximum sum of money that you can’t exceed. Their exchange rate is guaranteed, and their transfer is usually complete between 24 and 48 hours. Making this a fast transfer speed that you can trust.

HiFX money transfer

HiFX money transfer is one of the best money transfer companies for transferring money from overseas to Australia. This company was established in 1998, making this another company that are older and that have more experience in money transfers.
The first transfer that you are doing, after you are registered is free. From the second transfer, you are going to pay AU $15 per transaction. The minimum that you can transfer is AU $50, and there isn’t a limit on the maximum that you can transfer.
You can choose between 60 different currencies when you are going to transfer money to Australia. Making sure that you can shift money from most countries to Australia. Transfer speed varies between 48 hours and 72 hours. Their transactions are safe and secure, so there aren’t any risks using HiFX money transfers.

OFX international money transfers

When you are reading about money transfer companies, one of the names that are coming up is the OFX international money transfer company. This is because this is known as one of the best companies on the market for transferring money from overseas to Australia.
OFX was established in 2005 and is already known as a company that you can trust. Especially for those living in Australia. They have 55 currencies that you can choose from when transferring money to Australia. The minimum amount that you can transfer to Australia is AU $250 and there isn’t a maximum amount.
The great thing about using OFX is that you are paying no fees for making online transfers. Phone transfer fees are AU $15 per transaction. Making this one of the best choices for transferring money to Australia. Transfer speed takes between 24 and 48 hours. You can call for assistance if you have trouble when doing the transfer. Making sure that you get the support you need.

TorFX money transfer

According to customer feedback, TorFX is the number one money transfer company that you can use for transferring money from overseas to Australia. TorFX was established in 2004 and has won numerous awards.
Even, though they have a good reputation, they have only 45 currencies that you can use for transferring money to Australia. However, so long as they have the currency you need is probably does not make any difference. The minimum amount that you can transfer is AU $200, and the maximum amount is unlimited. No fees are required when moving any amount of money to Australia.
They have agents that can assist you with any questions that you might have, and they can help you with transferring money. They provide email or phone customer service 24 hours a day. Like most other money transfer companies, the transfer speed is between 24-48 hours.

Transferwise

Transferwise was established in 2011. It offers some great money transfer services that you can use to move 38 currencies to Australia. This is one of the companies that have a fewer number of currencies that you can transfer. However, it provides the currencies of 38 of the most popular currencies of the world.
The great thing about Transferwise is that the minimum that you can transfer is AU $1. Meaning that this is the only one that has this small amount that you can move. Also, something that only Transferwise have is that their maximum amount that you can transfer is AU $18,000,000. No matter what type of option or currency you are using, you don’t pay any transfer fees.
Because this is one of the newest money transfer companies, they offer many different ways of communication. You can do the transfers online, per phone, chat or even email. There isn’t any other company that is offering all these communication options for someone transferring money to Australia. Transfer speed is about 24 hours. They are trying to give you the best possible deal for transferring money to Australia.

World first foreign money transfers

World first money transfer company was established in 2004 and has worldwide access. You can transfer 121 currencies to Australia. Making this the company with the largest number of currencies that you can transfer.
Their fees are really low, and are about AU $10 for transfers under $10, 000. The only problem with World First is that you are going to have a minimum amount of AU$ 2,000 before you can transfer money to Australia. The maximum is unlimited. Their transfer speed is between 24-48 hours. If you need to contact customer service, you can choose between phoning or emailing them. They provide compatible rates that make it worth while to use them for transferring money.

If you are going to transfer money from overseas to Australia, you need to make sure that you are using a company that you can trust. There are a large variety of money transfer companies, and you need to make sure about their services that they offer. With this review, you will be able to compare the top 7 money transfer companies, so that you can find the one that is going to be best for you to transfer money from overseas to Australia.

Go here if you are looking for the best way for transferring large sums of money to Australia.