Best International Money Transfer Services (Compared!)
I compare the top international money transfer services to find the cheapest way to send money overseas. The difference in exchange rates can be huge.
Want to find the best international money transfer in Australia? The table below shows how much it costs to transfer £10,000 GBP to Australian Dollars.
Services are listed in order of cost to you the user, with the lowest cost services first.
The winner is Wise, which is consistently the cheapest way to transfer money overseas. Unlike other providers where the exchange rate markup tends to be hidden, Wise uses the real mid-market rate and is upfront about their **transfer money overseas fees**. In the battle of **Wise vs OFX vs CurrencyFair**, Wise wins on transparency and speed. After having used Wise myself for several months, what really stands out are the instant money transfers, both into and out of the service, they literally take seconds! Much faster than the days I used to wait with Currency Fair.
| Position | Service | Exchange rate markup | Transfer fee | 10,000 GBP to AUD |
|---|---|---|---|---|
| 1 | Wise | 0 % | 0.34% | $19,264 AUD |
| 3 | Currency Fair | 0.53 % | 3 Euros | $19,221 AUD |
| 4 | OFX | 1.43 % | 0 | $19,055 AUD |
| 2 | Remitly | 1.14 % | 2.99 GBP | $18,980 AUD |
| 5 | Revolut | 0.2 % | 205 GBP | $18,897 AUD |
| 6 | PayPal | 4.91 % | 2.99 GBP | $18,378 AUD |
I use this to pay back my time for researching the services available but it has not influenced my recommendation of Wise as the most cost-effective international money transfer service, I guess you'll just have to trust me.
