International Money Transfers

Seeking the Best Deal on International Money Transfer? We Can Help!

In the industry of international money transfer, the World Bank estimated that people from around the world would send roughly $596 billion in remittances in 2017. The international organisation anticipated this amount of funds dispatched overseas to balloon to $616 billion in 2018. With these staggering figures, you may agree that foreign funds transfer services are essential in the 21st century. Overseas money transfer transactions are famous for huge and small amounts of money. As an Australian consumer, you may utilise these services to send funds to your friends or family members based overseas.

Hence, you may need some help in determining the right service provider. At, we have got solutions for you when it comes to global money transfer services. You can use our comparison table to tell apart international money transfer institutions, current fees and exchange rates, their significant features, and the cost they charge to their customers who send money abroad. Therefore, you do not need to go to plenty of websites and get your time wasted. After all, we are a one-stop-shop for your global money transfer needs. Read on to learn more about how you could best enjoy our services!

How Help Clients Find the Best Funds Transfer Provider

Here at, we assess various factors to assist you in your international money transfer transaction. We want to help you identify the right deal so you can save more of your hard-earned funds. Take a look at these four main aspects of global funds transfer companies that we look into:

If the Company Has the Highest Average Exchange Rate

At, we aim to find the global money transfer firm with the highest average exchange rate. This service provider receives the top score in our classification. Moreover, we rate institutions for their exchange rates on these foreign currencies:

a) United States Dollar

b) British Pound

c) New Zealand Dollar

d) Euro

e) Japanese Yen

f) Indian Rupee

g) Swiss Franc

h) Singapore Dollar

i) Hong Kong Dollar

If the Provider Charges Low Transfer Fees

We rate highly or give five-star ratings to the international money transfer company that offers clients better value in sending funds abroad. Furthermore, we weigh every company for these two transaction situations:

a) Moving money to a foreign office of the same financial establishment

b) Transferring funds to an overseas branch of a different financial establishment evaluates the financial results of sending money overseas through every firm. We specifically look into how much money gets to the recipient following the charging of the exchange rate and other costs and fees to the sender.

 If the Money Transfer Companies Are Established and Reputable

We rate global funds transfers that authorised deposit-taking institutions or ADIs and non-ADIs provided. In Australia, ADIs are institutions officially approved for banking. Hence, you do not have to feel worried because you would know that every financial service provider on our list of ratings is a respectable company.

(4) If the Funds Transfer Firm Offers Other Beneficial Features for Customers

Besides the three factors above that we typically look into, we also consider if the international money transfer institutions have other offerings that ensure that you get a seamless service. These additional features include:

a) Customer service hotline and other services;

b) Education and tools for clients new to making global funds transfers;

c) Details about the various exchange rates and additional relevant information.

As you can see, as a comparison portal of international money transfer providers, we at target making things easy for you. It is our mission to assist you in transferring your hard-earned funds overseas and reaching your recipient successfully and with peace of mind. And we achieve our objectives through the ratings that demonstrate which funds transfer companies offer better value.

Frequently asked questions

What does "SWIFT/BIC code" mean, and how can I obtain one?

The SWIFT in “SWIFT/BIC code” is the acronym which means Society for Worldwide Interbank Financial Telecommunication. Meanwhile, BIC is the acronym which is short for bank identifier code. When you make international wire transfers, the SWIFT/BIC code is a unique identification system for financial institutions worldwide. It is internationally recognised and includes 8 to 11 alphanumeric characters. As a sender of remittances or funds, you use the SWIFT/BIC code in identifying the specific bank and overseas bank account of your recipient in your international transaction. Also, this system ensures that your intended recipient gets your remittance. Finding the SWIFT/BIC Code is easy. You can check online for the particular bank you are sending your money to, or ask their personnel for the correct data.

How do you define "foreign funds or money transfer"?

International money transfer is the act of a person from one country sending funds or money to another person based in another country. For example, you live in Australia, and you have a family member or a friend living in a foreign country like the Philippines. You perform global funds transfer by sending financial assistance to your loved one. Furthermore, you complete this transaction by using your Australian bank account to transfer the money to his overseas bank account.

To set up a transfer with an international foreign exchange firm, what do I need to perform?

If you have decided a specialist international money transfer company is the most optimal method to send funds abroad for you, then you need to perform these few steps:

  • Register with your chosen global funds transfer company online or via phone.
  • Complete the foreign funds transfer form.
  • Allow the service provider to verify your identity and create your account.
  • Get a foreign exchange rate quote after you finish the registration procedure.
  • Input the bank account information of your recipient and book your transaction. The details may include your recipient’s full name, address, bank account number, the branch number, and the SWIFT/BIC code.
  • Start transferring money to your service provider through Electronic Funds Transfer or Bill Payment (BPAY).
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