How to Transfer Money From the USA to Australia

Australians have many obligations and business interests at home, and the cost of living is significantly higher in Australia than in many other countries. Fuel and housing are much more expensive in Australia than in the United States or the United Kingdom. A household’s average monthly cost of living is $2,835 or $5,378 for a couple. Unless they have a reliable income, they may find themselves needing to borrow from friends and family to make ends meet.

Bank transfers are the cheapest option

Many Australian and American expats who have relocated to Australia have discovered the high costs of using banks to transfer money between the two countries. Bank transfers to Australia and the USA have notoriously high fees and poor exchange rates. Even a sub-500 dollar international money transfer can be costly, as banks charge as much as USD20 to send money. While banks may be the most convenient option, commercial foreign exchange firms offer better exchange rates and charge lower fees.

While bank transfers to Australia can be the cheapest option, they can be expensive, depending on how much you’re sending. Bank transfers cost between two to three percent of the amount, which is higher than online transfer services. Bank transfers are often slower than WorldRemit, so be prepared to wait a few days to receive your money. If you are transferring money abroad frequently, WorldRemit is the cheapest option. However, if you are sending money for a short period, it is recommended to keep a bank account in your home country.

XE Money Transfers offers real exchange rates

XE Money Transfers is a regulated company with offices in several countries. The service is governed by the ASIC in Australia and is certified by the FDIC. XE has offices in the UK, the US, and Australia and has customer support in three different languages. The company also takes steps to protect sensitive information and adheres to strict privacy policies.

The XE website has conflicting information about payment methods. XE states that you can use a debit card, credit card, or bank transfer. XE only allows payments to be made via bank transfers. It doesn’t offer cash delivery or other methods of payment. Instead, they send money to a bank account. However, they don’t accept mobile wallets or cash.

Although XE Money Transfers charges a small fee for each transfer, you should be aware of the difference between the exchange rate and the margin rate. While XE is not the cheapest provider, it’s certainly better than using a traditional bank. It’s recommended for larger transfers, as XE doesn’t charge fees for international money transfers. However, you should keep in mind that you might need to pay higher fees for less popular currencies.

OFX offers better exchange rates

If you’re planning to send money to Australia from the USA, you might be wondering which company offers better exchange rates. OFX is a leading money transfer company with offices globally and a strong phone support system. You can also get the latest market rates right on the OFX website. This company may charge you a small fee if you transfer less than $10,000, but you can avoid it forever by using the company’s mobile app.

Unlike other services, OFX does not offer same-day transfers. You will need to wait one to two business days for your money to arrive in Australia, depending on how you transfer it. In more exotic locations, it can take up to five business days. You can check the currency list on OFX’s website, which includes both common and exotic currencies. If you’re not planning on making a large number of transfers, OFX may be a better choice.

Western Union

Western Union is a popular choice for transferring money internationally. While it offers a fast and secure way to send money, fees can vary greatly depending on the destination and the type of payment you choose. You can send money from your bank account, credit card, or even bank transfer. If you use a credit card, you may be charged a fee, so be sure to check the terms before you transfer any money. Also, picking up cash is usually more expensive than sending money to an account.

If you live in the USA, you can transfer money to your loved ones in Australia through Western Union. You can choose the method you want to pay, and you can even track your transfers with a free online profile. You can also choose when to send money, and Western Union allows you to set a schedule for when you want the money to be transferred. You can also track your transfers online with your My WUSM account, which will allow you to redeem your points for discounts on future transfers. You can also set up recurring transfers with Western Union.

Xoom is a PayPal service

While many PayPal users are happy to use Xoom as a means to transfer money to Australia, they don’t like the fact that the company is associated with PayPal. However, there are some benefits to using the service instead. These include the ease of use, variety of funding methods, and the fact that fees are calculated based on the amount being transferred. This makes transferring money to Australia a breeze.

The main disadvantage to Xoom is that it is often not the cheapest option for sending money abroad. In addition, there are limits based on your user level, the country to be sent to, and the overall amount to be transferred. Moreover, the fees are highly variable, and the transaction can take up to four business days, although it is much faster if you pay with a debit or credit card. Additionally, many Xoom users don’t use the service because of the high cost, which makes it unaffordable for many people.

Xoom offers many benefits that other PayPal services lack, including competitive fees. As part of the PayPal family, Xoom has a great reputation for facilitating secure online transactions and offering convenient ways to send money to Australia. Users can send money online and via a mobile application, avoiding the hassle of standing in long lines at a money transfer store. Xoom also offers a money-back guarantee, which means if the transaction doesn’t go through as planned, you’ll have nothing to lose.


Xoom is a popular money transfer service that has been in business for more than five years. The company offers a variety of ways to send money internationally, including bank transfers and cash for pickup and delivery. Once you’ve set up your account, Xoom will email you the transfer status and progress, and it’s easy to track the transaction online or over the phone. Using Xoom to transfer money from the US to Australia has its pros and cons.

Fees vary from company to company, and you must consider the amount you’re transferring and the recipient’s location to determine what the exact cost will be. Usually, you’ll find fees a bit higher when sending cash, while the fees for receiving money in a bank account are cheaper. Some credit card companies charge additional fees when sending cash, so it’s important to consider this in your calculations.


OFX is a top choice for those who need to transfer money between the United States and Australia. Its flexible international money transfer plans offer great exchange rates and flexible payment terms. OfX also has 24 hour phone support to answer any questions. You must register to see exchange rates on OFX’s website, so it can be difficult to determine the most accurate rate. This is a problem that is easily remedied by looking at the FAQ section.

OFX is an online currency exchange service that supports 55 currencies. It offers a minimum transfer of $250 and has offices around the world. To make your first transaction, you must register with OFX. Registration is free and easy online, but you should allow yourself a little time to have your identity verified. You can do this electronically or by sending personal information, but be sure to allow sufficient time for this process. Once you are approved, your money will be in Australia within a few business days.

XE Money Transfers

If you are looking to transfer money from the US to Australia, XE Money Transfer can help. This company offers both business and personal accounts. The process is quick and easy, and you can use its online interface to enter details about the person you’re sending money to. Depending on your needs, XE can also accept bank transfers, wire transfers, and credit or debit cards. The payment methods vary in fees, so it’s important to know your recipient’s banking information before you initiate a transfer.

XE has an online focus, but offers support in many different languages. They have offices in the US, UK, Australia, New Zealand, and the Eurozone. You can transfer money to and from 139 currencies. There are mobile apps available for both iOS and Android. While the speed of your transfer is fast, it can take up to two days. If you don’t have a credit card, XE will accept transfers made with debit cards and BPAY.