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Australia Money Transfers – FAQs
Wondering how to send money to Australia from United Kingdom and many other other locations around the world? Use OFX and outsmart your bank when you exchange your British pounds for Aussie dollars or other popular currency pairs. With offices around the world, we provide 24-hour access to our highly skilled transfer team.
Is there any limit on how much money I can send to Australia from UK?
Nope. OFX works well for both businesses and individuals when transferring money to Australia from the UK and many other locations around the world.
Does OFX transfer money to all AU banks?
OFX can transfer funds to any bank in Australia, including, but not limited to:
- Commonwealth Bank
The OFX-factor:You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.
When you use OFX, you’ll get fast, efficient service, and we’ll keep you informed of where your money is along the way. For all your overseas payments, OFX is simply smarter.
How can OFX help you manage GBP/AUD exchange rate swings?
Check out our risk management tools and stay in control of your money when you transfer GBP to AUD or other popular currency pairs.
How to send money to Australia
Gather the relevant banking information including the name on the recipient’s bank account, the account number and the BSB.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
- 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, also known as a wire transfer 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.
How to transfer money to Australia at a great exchange rate
When looking at exchange rates, it’s important to know that the Aussie dollar is a commodity currency which may be influenced by changes in commodity prices particularly demand for iron ore and metals including gold. If you want to read up on the factors that influence the value of the Australian dollar or other currencies, head over to the Exchange Rates section of our site.