What is the cheapest way to send money overseas online?
Do you want to know – What is the cheapest way to send money overseas online? Nowadays there are some really great money transfer services available for people wanting to send funds overseas. Typically banks will charge you heavy fees and charges and have money exchange rates that are not that great. A lot of the money that you want to transfer will end up going to the bank instead of to your friends, family or whoever you want to transfer money to. But there is a better way! You can use online international money transfer companies to transfer your funds. There is a range of companies that provide this service.
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, |
Check out this great way to transfer money overseas, it is much better than using a bank!
Want more information? Check out this article about money transfer companies or this article about great ways to transfer money.
Want the cheapest way to transfer your money overseas?