Our top picks are a selection of money transfer services based on our commercial relationships with partners and our extensive research. The top picks are designed to help users make decisions faster, but they may not always be the most suitable option for you.
Finder's top picks highlight brands that are a good fit for specific categories. Be sure to consider your own personal objectives, needs and circumstances before making a decision using our top picks.
6
Top pick categories
12
Features taken into consideration
26
Companies compared
Our top picks are chosen by comparing 12 features. For each category, we make a selection based on our expert analysis of the "sending corridor" that we're displaying that top pick in. Transfers between Australia and India is a sending corridor. Transfers between France and the US is another, for example. We also take market data and the opinion of industry peers and customers who have used the service into consideration.
What's in this category?
Transfers ranging from $1-$9,999. The small transfer size is chosen based on the AUSTRAC monitoring threshold, popular send amounts, price breaks based on send amounts and more.
What's the most important feature of this category?
Total transfer cost.
What other features do we prioritise?
What's in this category?
Transfers above $10,000. The large transfer size is chosen based on the AUSTRAC monitoring threshold, popular send amounts, price breaks based on send amounts and more.
What's the most important feature of this category?
Total cost for bank transfer.
What other features do we prioritise?
What's in this category?
Transfers sent overseas to businesses and financial institutions. These mainly serve Australian businesses with a global presence who need to regularly make large transfers overseas and hedge their currency risk.
What's the most important feature of this category?
Total cost for bank transfer.
What other features do we prioritise?
What's in this category?
Transfers that can be picked up in cash, be delivered door-to-door in cash or instantly loaded onto a debit or similar spending card. Cash pick-up is often needed in emergencies, so we take this into consideration alongside the number of cash pick-up locations.
What's the most important feature of this category?
Availability of having cash delivered to the recipient.
What other features do we prioritise?
What's in this category?
Transfers that can be sent through a mobile app and provides great user experience. This category focuses more on small, regular transfers that arrive quickly.
What's the most important feature of this category?
Cost for small transfers.
What other features do we prioritise?
What's in this category?
Transfers that can be sent quickly and securely through multiple payment options. This category focuses on transfer speed for remittance providers.
What's the most important feature of this category?
Delivery speeds for bank transfers
What other features do we prioritise?
The Finder customer satisfaction awards recognise Australia's favourite brands across a huge number of categories. We survey thousands of real Australians to understand how they feel about their recent product purchases to help you make a decision about what product to get. It's an independent awards program calculated by our data and insights team. Commercial partnerships do not influence the results in any way.
Disclaimer: While we endeavour to assess the majority of product providers in the market, this is not always possible and it may be that not every product or brand in the market was included for judging.
No, but we're trying our best to make that happen. Because it takes a large amount of time and resources to properly analyse a money transfer provider, we aren't yet able to cover 100% of the market. It's extremely important to us that the information we provide you is as accurate as possible, and we'd rather focus on quality over quantity when it comes to reviewing providers.
The process of gathering data is quite time-consuming, as we not only check reviews, fees and exchange rates for every new provider we list, we also maintain updated data on existing providers on our site.
It varies depending on the market. Some corridors are reviewed weekly, while others may be reviewed once a quarter or once a year. We update markets based on developments in the money transfer industry and developments focused specifically on the market at hand.
Click the dark blue chat bubble at the bottom right of your browser, or scroll to the bottom of the page and ask one of our experts using the available form. We sincerely appreciate feedback to make sure we provide the best information possible.
Due to the complicated nature of money transfers, there are a few assumptions we may have to set on specific pages. Whenever fees or exchange rates are listed, we will include the date from which the data was sourced. Rates may have changed since then, so always double-check exchange rates and fees.
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Check out these seven alternatives to XE to find the best money transfer provider for your needs.
Compare TorFX and Wise on speed, cost and exchange rates to see who’s best for your next money transfer.
We compare two international transfer services, OFX and TorFX, including their rates, fees and speed.
Compare Revolut with Wise on speed and cost to see which is best for your next money transfer.
We compare Western Union and PayPal to see how much money transfers at each cost and which is faster.
Wise and PayPal go head to head as we determine which offers the best value for money on international transfers.
Which company should you choose for your next money transfer?
Check out our review of TorFX's fee-free money transfers.
A comparison of the money transfer services offered by Xe Money Transfer and Wise.
Hello I need to send some money to India for a web site build for my small business. Is Remitly considered a safe option for sending money
Hi Rhonda,
You will have to make your own decision about which service you use. Remitly is a US-based service and they have some useful info here: https://www.remitly.com/au/en/help/article/remitly-trust
An. American friend want to transfers. Large amount of money how the best way to do this
Hi Margaret,
We are not licenced to provide personal advice, but suggest your friend researches the various options. You can compare some options here:
https://www.finder.com.au/international-money-transfers
Also make sure you’re taking the right steps to protect yourself against scams and fraud, as transferring money internationally is becoming a very common scam method.
Wishing you all the best!