How to Send Money from Australia: The Complete 2026 Guide

• PayID — Free, instant, supported by all major Australian banks. The default for most providers.
• BPAY — Free, takes 1-2 business days. Most providers support this.
• Direct debit — Free, takes 1-3 business days.
• Debit card — Instant. Usually adds 0.5-1% surcharge.
• Bank wire — Same-day. A$15-30 fee from most banks.

• Transfers above A$10,000 to a single recipient: Auto-reported by the provider via Threshold Transaction Report (TTR). No action from you.
• International funds transfer instructions (IFTIs): Providers report all transfers above A$10,000 going overseas. Aggregation rules apply for multiple smaller transfers.
• Suspicious Matter Reports (SMRs): Filed at provider discretion. Routine personal remittances rarely trigger.
• Multiple transfers: Splitting a A$15,000 transfer into 3 × A$5,000 to avoid TTR is illegal under AUSTRAC rules. Just report honestly.

• Personal gifts to family abroad: not taxable. Australia has no gift tax.
• No annual cap on outbound transfers for tax purposes.
• Income paid abroad (business expenses, contractor fees) may have GST or PAYG implications. Consult an accountant.
• Foreign income reporting: If you receive foreign-source income, that's a different matter (taxable). Outbound transfers don't trigger this.
• FBAR equivalent: Australia doesn't have one. Foreign assets are declared on your tax return for income purposes only.

• Best overall: Wise. Mid-market + percentage fee.
• Best for amounts above A$5,000: OFX. No fee on amounts above A$10,000 plus competitive rates. SendFX is a competitive alternative.
• Best for India (UPI delivery): Wise, Remitly, Instarem.
• Best for Philippines (GCash): Wise, Remitly, WorldRemit.
• Best for cash pickup destinations: Western Union, MoneyGram.
• Avoid: CommBank, ANZ, Westpac, NAB international wires. ANZ Money Transfer is a separate competitive product.

• [AUD → INR](/send-money/aud-to-inr): A$2.5B+/year, largest Australian corridor. Wise, Remitly, Instarem all under 1% margin.
• [AUD → CNY](/send-money/aud-to-cny): A$1B+/year. Wise, OFX. Limited options due to China's FX rules.
• [AUD → PHP](/send-money/aud-to-php): Growing. Wise, Remitly. GCash delivery instant.
• [AUD → VND](/send-money/aud-to-vnd): A$300M+/year. Wise dominant.
• [AUD → NPR](/send-money/aud-to-npr): Strong corridor due to Nepali skilled migrants. Wise, Remitly, IME (Nepalese provider with Australian presence).
• [AUD → MYR](/send-money/aud-to-myr): Wise, OFX. DuitNow delivery in under a minute.
• AUD → GBP: Major flow. Wise dominant; Revolut competitive for multi-currency users.

1. Open the live comparison; enter your exact amount.
2. Look at 'Recipient gets'.
3. Compare to mid-market: send amount × Google's AUD/destination rate. Gap should be under 1.5%.
4. Initiate before 4pm AEST for next-day settlement when banks close earlier.

Australia sends $15+ billion in remittances annually to India, China, Philippines, Fiji, Samoa, and beyond. The Australian market is competitive, and the NPP (New Payments Platform) has made instant bank funding possible.

• Wise: Best overall for AUD→INR, AUD→PHP, AUD→LKR, AUD→NGN, and major currency pairs. NPP funding for instant bank transfers.
• Remitly: Strong AUD corridor for South Asia and Pacific. Competitive promo rates.
• Western Union: Good for Pacific corridor — Samoa, Tonga, Fiji, PNG where local infrastructure is limited.
• OFX (formerly OzForex): Australian company. Best for larger transfers AUD $5,000+. Tighter rates at scale and option to speak with a broker.
• TorFX: Another specialist AUD FX broker for large transfers. Particularly good service for property purchases abroad.
• ANZ/CommBank FastTransfer: Some Australian banks have fast-transfer products for top corridors. CommBank's rates to India have improved significantly — worth checking if you bank with them.

• Use NPP (PayID) to fund Wise: Australia's NPP allows instant bank transfers. You can fund a Wise transfer from most Australian banks (CommBank, ANZ, Westpac, NAB, ING, Macquarie) via PayID in seconds. Faster and free.
• Consider OFX for large transfers: For AUD $10,000+, OFX's broker model and compressed margins at scale often beat Wise. Call and negotiate the rate.
• Superannuation note: Superannuation distributions after retirement age can be transferred abroad. Wise handles AUD→foreign currency transfers for this purpose, but tax advice is recommended for large amounts.
• Pacific corridors: For Samoa, Tonga, Fiji, and PNG, Western Union often has better coverage than digital-only providers. Check WorldRemit as well for Pacific islands.
• Tax on outbound transfers: No Australian tax on personal remittances sent abroad. ATO reporting applies to business income, not family transfers.