Send Money to Australia

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, 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. See our Guide to Sending Money to Family Abroad for more details.

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.