How to send money to Australia
Learn how to transfer money to Australia at the most competitive cost in 4 easy steps
1. Check if the AUD exchange rate is favorable
Transfering money on a day where the exchange rate is favorable can help you save money. Frequently check the exchange rate and send the money when the AUD rate gets to a specific level.
2. Find the optimal deal by comparing the available providers.
Monito's comparison engine lists many companies able to send money to Australia, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Optimize your transfer by comparing all these options to find the best one for your upcoming transfer.
3. Choose the best option for your personal needs
Are you looking for the option with the lowest price, the faster transfer time, best customer ratings, or a combination of these factors.
It is also interesting to have a look at the options to pay for the transfer and receive the money. You can often find providers offering to you the option to pay by bank transfer, others will also give you the option to pay by credit and debit cards. At the other end, in Australia, you can decide if your want the converted amount to be transferred to your recipient's account or received in cash (from an agent location).
4. Sign up and get started wih your money transfer to Australia with the provider you selected
Go to the provider's homepage to complete the sign-up process - be ready to upload an ID document and/or a proof of adress - and configure your transfer.