5 Best International Money Transfer Apps for Australians

Looking for the best international money transfer apps? We have done all the research for you in our easy to read guide.

With so many companies offering mobile apps nowadays, it can make choosing the right app for you overwhelming. Which one gives you the best experience and which one can you trust?

Here is a list of 5 best international money transfer apps currently in the market and what we think about them:

  1. Wise
  2. CurrencyFair
  3. WorldRemit
  4. OFX
  5. XE

1. Wise App

International Money transfer app - TransferWiseValued at over 1.5 billion dollars, Wise (formerly known as TransferWise) is the fastest growing global money transfer company. And it shows. The Wise app is one of the best in the market - a fantastic way to deliver money overseas within seconds. The app even shows you how much you save when you make a transaction with their price comparison calculator, so even if they aren't the cheapest option, they let you know. If that's not transparent, we don't know what is.

Additional Features:

  • Geographic availability - US, UK, EU and AUS
  • Device availability - iPhone, Android and Smartwatch
  • Payment methods - Debit Card (Europe), Bank Credit Card and Bank Wire from a bank account
  • Transfer limits - Minimum transfer: $10
  • Special features - Compatible with Apple Pay, SWIFT, Supports Wallet (enter card details quickly) and Family Sharing
  • Other features - Keep all of your receipts in one place and easily repeat your previous transfers

 

Learn more about Wise

2. CurrencyFair

CurrencyFair is a P2P money transfer service that you can use throughout Europe, the UK, Australia and New Zealand. Their money transfer app is fairly easy to use but is limited in its functionality. Basically, you are able to do everything on the app that is available on desktop.

Additional Features:

  • Geographic availability - EU, UK & AUS
  • Device Availability - iPhone and Android
  • Currencies you can pay in - Emirati Dirham (AED),, Danish Krone (DKK), New Zealand Dollar (NZD), Australian Dollar (AUD)*, Euro (EUR), Polish Zloty (PLN), Canadian Dollar (CAD), British Pound (GBP), Swedish Krona (SEK), Swiss Franc (CHF), Hungarian Forint (HUF), US Dollar (USD), Czech Koruna (CZK), Norwegian Krone (NOK), South African Rand (ZAR)Emirati Dirham (AED), Euro (EUR), New Zealand Dollar (NZD), Australian Dollar (AUD), British Pound (GBP), Polish Zloty (PLN), Canadian Dollar (CAD),Hong Kong Dollar (HKD), Swedish Krona (SEK), Swiss Franc (CHF), Hungarian Forint (HUF), Singapore Dollar (SGD), Czech Koruna (CZK), Israeli Shekel (ILS), Indian Rupee (INR), US Dollar (USD), Danish Krone (DKK), Norwegian Krone (NOK), South African Rand (ZAR).
  • Apple App Store Rating - 4.7 out of 5
  • Google Play Rating - 4.3 out of 5

10 Free Transfers

The Currency Shop has partnered with CurrencyFair to offer 10 fee free money transfers. Click on this offer, register your details and avoid paying a fee to transfer money overseas.

  • Easy to use online platform
  • Excellent exchange rates for sending money to and from Australia
  • Rated Excellent 4.7 out of 5 by over 4000 customers on independent review site Trustpilot.

Terms and conditions do apply but you can learn more about them here

Learn More About CurrencyFair

3. WorldRemit

money transfer international apps - World Remit MobileSpecialising in sending remittances to Asia or Africa, WorldRemit has an accompanying app. If you need a truly global, flexible, safe and quick money transfer service, then the WorldRemit app is perfect for you. The app lets you send money from more than 50 countries to over 140 countries around the world. The best thing is, you can complete instant or near-instant mobile money transfers, bank deposits, mobile airtime top-ups and cash pick-ups. WorldRemit's app is also simple to use and very secure (backed by Norton software).

Additional Features:

  • Geographic availability - United States, UK, EU, Asia, Africa and Australia
  • Device availability - iPhone and Android
  • Payment methods - debit card or bank wire
  • Special features - Supports Wallet (enter card details quickly) and family sharing
  • Other features - Send money to your recipient's bank, cash pick-up, mobile-money function and airtime top up function

Learn more about WorldRemit

4. OFX

OFX Mobile - one of the best money transfer appsOFX (formally known as Ozforex) was born online and continues to develop easy, intuitive products like it's mobile app. You can view live and historical exchange rates, set up rate alerts and manage and track all your transfers. For new users, you can also use the app to register for an OFX account.

Additional Features:

  • Geographic availability - EU, UK, AUS, US and CA
  • Device availability - iPhone and Android
  • Payment methods - debit card or bank card locally or with a bank wire from a bank account
  • Transfer limits - Minimum transfers: $150
  • Other features - Live rates, historical charts and rate watch tools and they offer market updates

Learn more about OFX

5. XE

XE is one of the worlds most recognisable brands for currency conversion. Their site xe.com fast became the most popular currency converter in the world. Their app is largely based around the same function. That is, helping you calculate the conversion of one currency to another. They also have an app specifically to make transfers overseas.

Additional Features:

  • Rate alerts and the ability to 'follow' currencies
  • Device availability - iPhone and Android
  • Exchange rate comparison
  • Transfer limits - Minimum: $150
  • Other features. Live rates, historical charts and rate watch tools and they offer market updates

 

Learn more about XE

Frequently Asked Questions (FAQs)

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Ileana Ionescu
Content manager
With a background in business journalism, Ileana is an experienced content manager, creating content for Exiap that helps its audience make informed decisions about their finances.
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Last updated
November 2nd, 2023