Send Money to Australia

Rates almost as good as vegemite

/ Inverse 

Our currency converter displays Market Rates and is not indicative of OFX Customer Rates. Simply register or log in for OFX Customer Rates.
The amounts above are calculated using the Market (Interbank) rate. Unfortunately, OFX is unable to facilitate international money transfers from {{base}} to {{term}}.
 
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How to send money to Australia

  1. Gather the relevant banking information including the name on the recipient’s bank account, the account number and the BSB.

  2. Create a free online account with OFX, or login to get a live quote for your money transfer.

  3. Enter your details and those of your recipient.

  4. Choose ‘finalize transaction’ to process your payment.

 

It’s easy and affordable to send money to Australia using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.

 

When sending money to Australia, keep in mind that different tax regulations may apply to sending large sums of money overseas depending on many factors including:

 

  • how the money is going to be used

  • how much you are sending

  • the source of the funds

  • if the money has been taxed elsewhere

 

For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift. See our Guide to Sending Money to Family Abroad for more details.

Australia Money Transfers – FAQs

Wondering how to send money to Australia? Use OFX and outsmart your bank when you exchange your Canadian dollars for Aussie dollars. With offices around the world, we provide 24-hour access to our highly skilled transfer team.

How quickly can OFX transfer money to your Australian bank account?

Generally speaking, you can expect your funds to arrive in 3 days: 2 days for your Canadian bank to Bill Pay or  wire us the money and 1 day for OFX to convert your Canadian Dollars into Australian Dollars and transfer to your Australian bank account (via SWIFT) for final settlement.

Is there any limit on how much money you can send to Australia?

Absolutely not. In fact the more money you send, the better the exchange rate we can give you. However, in order to give you the best exchange rate we do require a minimum of $200 be transferred.

How much does it cost to send money to Oz?

The most we charge is just $15 for sending Canadian Dollars to Australia. If you send more than $10,000 to Australia, we waive the fees altogether. Our customers’ real savings come from our highly competitive exchange rates.  Compare our great exchange rates to your bank and see how hard they are to beat.

Can you send money from your Australian bank account to Canada?

It depends on where your permanent residence is. If you live in the Canada, then yes you can send money from Australia to your Canadian bank account. If you live in Australia, you’ll need to need to use our Australian branch.

How can OFX help me manage AUD/CAD exchange rate movements?

We offer Limit Orders to help our customers lock in a desired exchange rate and Forward Contracts to freeze a current exchange rate for future use. You won't typically realize the full potential of Limit Orders and Forwards until you send upwards of $30,000, the minimum for using our Forwards or Limit Orders. 

Are there any tax implications from transferring money to Australia?

It depends . For example, transfers from gifts and inheritences are tax free. Some foreign super fund transfers are also tax exempt under Australian tax code. See the Australian Tax Office website for a complete list of relevent taxes.

Which banks in Australia do you transfer money to?

OFX can transfer funds to any bank in Australia, including, but not limited to:

  • Common Wealth Bank
  • National Australia Bank
  • Westpac Bank Australia & New Zealand Banking Group
  • St. George Bank
  • Bank of Western Australia
  • Suncorp Metway
  • ING Bank Australia
  • Bendigo and Adelaide Bank
  • Bank of Queensland

Take a moment to register and one of our Forex professionals will quickly be in contact.