Find the best way to send money to the UK

Learn how to send money to the UK from Australia in five steps.

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Looking for a way to send money to family, friends or a business in the United Kingdom (or even to your own bank account overseas)? According to MoneySmart, you should avoid Australian banks and go with a money transfer specialist to get better GBP exchange rates and lower fees on international transfers.

Based on the providers we've compared, Western Union is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Revolut can get money to your recipient in the United Kingdom within minutes.

Best ways to send money to the UK from Australia

The best way to send money to the UK depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Australian dollars or British pounds money transfer specialists typically offer better rates and cheaper fees than a local bank. The top providers add a markup of less than 2% onto the mid-market rate.
  • Bank transfer. Bank transfers are an easy way to send money to the UK but charge extra for the convenience and are often slower. Based on our research, ANZ adds a markup of 2.91% when exchanging AUD to GBP. In comparison, CBA adds a markup of around 4.18% to the mid-market rate.
  • Cash pickup. If you need your money to arrive fast, doing a cash pickup with Western Union gives your recipient instant access to the money you've sent when they collect it at an agent location in the UK.
  • PayPal. PayPal is more known for digital payments but also allows users to transfer money overseas. They charge a fee of 5% of the send amount (minimum $0.99 AUD and maximum $5.99 AUD charge), making them suitable only for sending small amounts.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.

Compare the best money transfer companies to send money to the UK

1 - 20 of 20
Product AUFMT Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000. Same-day transfers between AUD and NZD (under $100,000).
Within minutes
From $0
Get Western Union's best exchange rate and $0 fee on your first online transfer.
Western Union sends money online to 200+ countries, with competitive rates for new customers.
Within minutes
$0
Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.
Send money with great rates and low fees in 30+ currencies. Plan fees apply.
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Within minutes
$0
Earn 10% cashback on your first $1,000 USD equivalent in eligible international card spend with Airwallex.
Streamline global payments across 150+ countries with fast settlements and competitive rates in over 60 currencies.
Within minutes
$0

Xe has fast transfers, low fees and a range of foreign currency tools. Send money to 200 countries in 100 currencies.
24 hours
$0
New customers registering in 31 December 2024 can receive lower pricing on exchange rates. T&Cs apply.
Xe has fast transfers, low fees and a range of foreign currency tools. Send money to 200 countries in 100 currencies.
Within minutes
$0
Xe has fast transfers, low fees and a range of foreign currency tools. Send money to 200 countries in 100 currencies.
Within minutes
$0
Earn 1 Qantas Point on every $1AUD equivalent converted in foreign currency. T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000. Same-day transfers between AUD and NZD (under $100,000).
24 hours
$0
Send provides no Send payments fee transfers via its 24/7 multi-currency payments platform with real-time quotes.
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Wise (TransferWise)
Best Rated Brand
Wise logo
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Send Payments
Send Payments logo
24 hours
$0
Send provides no Send payments fee transfers via its 24/7 multi-currency payments platform with real-time quotes.
24 hours
$0
Send provides no Send payments fee transfers via its 24/7 multi-currency payments platform with real-time quotes.
Remitly
Best Rated Brand
Remitly logo
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
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Cheapest way to send money to the UK

As reported by the ACCC, bank transfers are typically the cheapest way to get your money to the United Kingdom. Western Union and Revolut have some of the lowest bank transfer fees of the brands we've compared.

Remember, it's more important to look at the overall cost of your transfer to the United Kingdom and this has a couple of elements:
  • Transfer fees. While still cheaper than your Australian bank, money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market AUD/GBP exchange rate.

Certain providers may give the mid-market rate but add fees on top and others will have low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many pounds your recipient will end up with.

Fastest way to send money to the UK

Actual transfer times from Australia to the United Kingdom can depend on several factors including transfer amount, payment method and currency.

Here are some of the fastest average transfer speeds to the United Kingdom:
  • Western Union — within minutes
  • Revolut — within minutes
  • Xe Money Transfers — within minutes

Safest way to send money to the UK

The safest way to get your money to the United Kingdom is using a provider registered with Australia's industry regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Australia and the United Kingdom.

A great way to dive deeper is by reading our reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to the UK

If you need to make a sizable money transfer to the United Kingdom, consider using a provider such as TorFX or OFX to secure a better GBP exchange rate and benefit from its expertise handling larger transactions.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to the United Kingdom may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the Australian Taxation Office's latest advice.
  • Foreign exchange tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the GBP exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can offer advice and help facilitate transfers.
  • Phone service. If you want to talk your transfer through with someone, providers such as TorFX and Western Union can provide support over the phone.

How to send money to the UK from Australia

To send money to the United Kingdom, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to the United Kingdom. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their British bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total pounds your recipient gets.
  5. Complete your transfer.
    Send your money transfer to the United Kingdom. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Oliver transfers money to the United Kingdom

Oliver is working in Australia as a doctor and he stays in regular contact with his elderly parents back home in the United Kingdom. His parents need some funds to help pay off a mortgage, so Oliver plans to send them $2,000 from Australia.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 AUD = 0.50 GBP 1 AUD = 0.51 GBP
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 1,002.49 GBP 1,019.59 GBP

The money transfer company enables Oliver to send an extra £17.10, which is transferred straight to his parents' Lloyds Bank account.

How to choose a money transfer company for the UK

When selecting a provider to transfer money to the United Kingdom, here are the main factors to consider:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. However, not every money transfer provider offers the mid-market rate so compare the GBP you're offered to the mid-market rate to calculate the margin.
  • Transfer fees. Are you being charged a flat fee or a percentage of the transfer amount? A provider offering to transfer your money to the United Kingdom for a flat or low fee might work out better if you're sending a large amount.
  • Transfer type. Does your recipient have a British bank account or is cash pickup a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as MoneyGram offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value.
  • Transfer limits. Find out how much you can send with each service. For example, Remitly has a transfer limit of $2,999 while MoneyGram allows transfers up to Varies.
  • Discounts. Providers may offer you a free transfer simply for signing up. Others may give a discount for transferring more than a specific amount of pounds.

Is this a good time to send money to the UK?

Compared to a month ago, the Australian dollar is a little weaker against the pound. Currently, $5,000 is worth £2,565.00, whereas a month ago, $5,000 was equivalent to £2,585.00. That's a decrease of 0.77% over the past month.

Similarly, compared to a year ago, the Australian dollar is again weaker against the pound. A year ago, $5,000 was equivalent to £2,679.00. That's a decrease of 4.26% over 12 months.

What's more important, however, is the strength of the Australian dollar against the pound and where it goes from here – which is harder to call. Based on those two data points, your Australian dollars might not go as far as they would have, so shopping around for the best deal on your transfer is key.

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Frequently asked questions

Rebecca Pike's headshot
Our expert says

"My entire family are in the UK so I end up sending money there quite often. I didn't do any searching initially so just used my bank to send money over. Not only did it take a few days to arrive, it cost me so much in fees! It was something like a $22 flat fee plus a percentage of the amount I was sending. It would end up costing $25 to $30 extra each time. Then I switched to Wise. It arrives in seconds and costs maybe a dollar or 2, instead of 30. The app is also really easy to use: my mum finds it easy enough to use to send money back this way too!"

Senior writer
Helen Champion's headshot
Written by

Associate editor

Helen Champion was an associate editor at Finder. She has worked in communications for over 16 years and currently writes on a range of topics including insurance and money transfers in the hope of empowering people to make better financial decisions. During her broadcast career, she helped to produce hundreds of news and breaking news reports for Associated Press TV and ITV News. And in public relations, she managed several high-profile public relations campaigns for Macmillan Cancer Support, the General Medical Council and overseas for Qatar Foundation on behalf of BLJ Worldwide. Helen has a Bachelor of Arts in Journalism from the University of Lincoln, a passion for practising karate in the dojo and a deep love of making mischief with her sons. See full bio

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