5 Best International Money Transfer Apps for Australians

You sign up on the money transfer specialist website and set up an account. Then you can then send money internationally or receive money from abroad instantly through their app. Just download it from your app store.

For security reasons, most money transfer apps will not run on your rooted or jailbreak mobile phone (i.e. non-Google-certified devices or on custom operating systems). Safeguarding client security and privacy is key priority for trusted money transfer providers.

This depends on which money transfer specialist you've decided to go with. Generally, you'll be able to send money to as many countries as you Here is the list of the currencies and countries you can send money for the companies listed above:

1. Transferwise
   EUR (Euro), USD (US Dollar), GBP (British Pound), AED (UAE Dirham), AUD (Australian Dollar), BDT (Bangladeshi Taka), BGN (Bulgarian Lev), BRL (Brazilian Real), CAD (Canadian Dollar), CHF (Swiss Franc), CLP (Chilean Peso), CNY (Chinese Yuan), CZK (Czech Koruna), DKK (Danish Krone), EGP (Egyptian Pound), GEL (Georgian Lari), HKD (Hong Kong Dollar), HRK (Croatian Kuna), HUF (Hungarian Forint), IDR (Indonesian Rupiah), ILS (Israeli Shekel), INR (Indian Rupee), JPY (Japanese Yen), KES (Kenyan Shilling), KRW (South Korean Won), LKR (Sri Lankan Rupee), MAD (Moroccan Dirham), MXN (Mexican Peso), MYR (Malaysian Ringgit), NGN (Nigerian Naira), NOK (Norwegian Krone), NZD (New Zealand Dollar), PEN (Peruvian Nuevo Sol), PHP (Philippine Peso), PKR (Pakistan Rupee), PLN (Polish Zloty), RON (Romanian Leu), RUB (Russian Rouble), SEK (Swedish Krona), SGD (Singapore Dollar), THB (Thai Baht), TRY (Turkish Lira), UAH (Ukrainian Hryvnia), VND (Vietnamese Dong), ZAR (South African Rand)
2. WorldRemit
   AED, ALL, AMD, ARS, BAM, BBD, BDT, BGN, BIF, BRL, CAD, CHF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DKK, DOP, EGP, EUR, FJD, GBP, GHS, GNF, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, JMD, JOD, KES, KMF, KZT, LAK, LKR, LRD, MAD, MGA, MRO, MXN, MYR, MZN, NGN, NOK, NPR, NZD, PGK, PHP, PKR, PLN, RWF, SEK, SGD, SLL, THB, TND, TOP, TZS, UGX, USD, VND, WST, XAF, XCD, XOF, ZAR, ZMW
   Be aware that, although there is an extensive list of 50 countries where money can be sent to from Australia, not all of these countries accept funds in the same way. For example, El Salvador is listed as a country that money can be sent to, but you are only given the option of transferring via recharging mobile phone credit. For many other countries, the options are more varied, including the convenience of bank transfer.
   Some countries, including Afghanistan, Iran, Iraq, Kuwait, Lebanon, North Korea, Syria, Vietnam and Belize, are not listed at all.
3. WorldFirst
   AED - United Arab Emirates Dirham; AUD - Australian Dollar; BGN - Bularian Lev; BHD - Bahraini Dinar; CAD - Canadian Dollars; CHF - Swiss Franc; CNY - Chinese Yuan Renminbi; CZK - Czech Koruna; DKK - Danish Krone; EUR - Euro; GBP - Great Britain Pound; HKD - Hong Kong Dollar; HUF - Hungarian Forint; ILS - Israeli Shekel; JPY - Japanese Yen; KES - Kenyan Shilling; KWD - Kuwaiti Dinar; MXN - Mexican Peso; NOK - Norwegian Krone; NZD - New Zealand Dollar; OMR - Omani Rial; PHP - Philippine Peso; PLN - Polish Zloty; QAR - Qatari Rial; RON - Romanian Leu; RUB - Russian Ruble; SAR - Saudi Riyal; SEK - Swedish Krona; SGD - Singapore Dollar; THB - Thailand Baht; TND - Tunisian Dinar; TRY - Turkish Lira; USD - United States Dollar; ZAR - South African Rand
4. OFX
   AED - United Arab Emirates Dirham; AUD - Australian Dollar; AZN - Azerbaijani Minat; BGN - Bularian Lev; BHD - Bahraini Dinar; BND - Brunei Dollar; CAD - Canadian Dollar; CHF - Swiss Franc; CNY* - Chinese Yuan Renminbi; CZK - Czech Koruna; DKK - Danish Kroner; EGP - Egyptian Pound; EUR - Euro; GBP - Pound Sterling; HKD - Hong Kong Dollar; HUF - Hungarian Forint; IDR - Indonesian Rupiah; ILS - Israeli Shekel; INR - Indian Rupees; JPY - Japanese Yen; KRW - South Korean Won; KWD - Kuwaiti Dinar; LKR - Sri Lankan Rupee; MAD - Moroccan Dirham; MGA - Malagasy Ariary; MYR - Malaysian Ringgit; MXN - Mexican Peso; NZD - New Zealand Dollar; OMR - Omani Rial; PEN - Peruvian Nuevo Sol; PGK - Papua New Guinea Kina; PHP - Philippine Peso; PKR - Pakistan Rupee; PLN - Polish Zloty; RUB - Russian Ruble; SAR - Saudi Riyal; SBD - Solomon Island Dollar; SCR - Seychelles Rupee; SEK - Swedish Kroner; SGD - Singapore Dollar; THB - Thailand Baht; TOP - Tongan Pa anga; TRY - Turkish Lira; TWD - Taiwanese Dollar; TZN - Tanzanian Shilling; USD - US Dollar; VEF - Venezuelan Bolivar Fuerte; VND - Vietnamese Dong; VUV - Vanuatu Vatu; WST - Samoan Talar; XOF - CFA Franc; XPF - CFP Franc; ZAR - South African Rand.
5. TorFX
   AED, AUD, BHD, BWP, CAD, CHF, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HRK, HUF, ILS, INR, JPY, KES, KGS, KWD, LKR, LTL, MAD, MUR, MXN, NOK, NZD, OMR, PHP, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TRY, TTD, UGX, USD, XCD, ZAR

Some providers get your money to its destination in minutes after payment, especially if you pay with a debit card. Others require a few days to get to your recipient. Be sure to confirm transfer speeds of your service before putting down your cash.

Yes. When processed through a reputable bank or company, your funds are safely tracked until in the hands of your recipient. And if you're sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees up front and give you 30 minutes to cancel a transfer, assuming it hasn't yet been picked up or deposited.

In addition to the convenience, you can get more value from transfer apps by taking advantage of the wide-ranging services available.

• Get preferable foreign exchange rates. Once you know how to find the best foreign exchange ratesyou can look to apps for more functionality and ease of use, and can even take advantage of built-in calculators to check your expected costs or returns.
• Look for a forex trading advantage. The fast-paced foreign exchange market runs 24/7 and can deliver an effective return on investment, but are you really able to compete effectively if you don't use a foreign money transfer app? Access your investments through your phone as well as the tools that can help you make effective decisions.
• Make same-day transfers. If your transactions are time-sensitive, international transfer apps can be an effective way of making sure they go off as planned. Make same-day international transactions and track them wherever you are for more peace of mind in everyday finances.

Look at the app's functionality in combination with the benefits offered by the provider. You may wish to look at:

Exchange rates

Different providers may have inherently different exchange rates. Look at the rates for the currencies you plan on transferring and compare apps for the providers who offer preferable terms for your types of transfer.

Fees

Fees might be in flat rates, percentages, or in some cases might even be non-existent. It can depend on the type of transfer. For example, some providers may only charge fees on international but not domestic transactions, while others might only charge fees for transfers above a certain value. It can be advisable to know what type of transactions you will mainly be making, and looking for both a provider and an app that can effectively accommodate you.

Transfer networks

What are the recipient's options for picking up funds? Mobile money transfer apps can not only make it easier to receive money in more locations, but can also be used to confirm transfers if the recipient can't access the funds right away.

Customer service

International money transfer brands often find themselves competing directly with the big banks, and will often have the customer service infrastructure and support teams that can rival those of the major banks. It can be worth holding your financial services providers to high customer service standards, and it can be good to know you're able to depend on them.

You can get more value for money by comparing both providers themselves, and their apps. If you're thinking of making a switch or signing up, it may be useful to compare both in one place.