Sending Money to Family Overseas

Learn about the different ways you can send to family and friends overseas. When deciding what way is best for you, make sure you compare the exchange rates, fees and features before sending your money.


Can I use a credit card or debit card?

It is possible to use a credit card or a Visa/Mastercard debit card to send money overseas through the following companies:


Sending Money to Family Overseas Using Paypal

Paypal is great for paying small amounts under $200 to family and friends. Unlike many other options, Paypal have a no-minimum payment size, allowing you to transfer any amount. Paypal may be a cheaper alternative to using the bank transfer because they charge a relatively small transfer fee. 

Paypal is particularly fast if your family member has a Paypal account as well. If they don’t there is a set-up required and your relatives may wait up to 28 days for funds to arrive.

Related: Converting and Sending Currency via PayPal - How does it compare?


No Bank Account? Cash Pick-up Options

Not every family member is going to have a bank account. Western Union and Moneygram both offer a cash pick-up service. The advantage of this service is that your family member can access the cash very quickly on the other side of the globe, provided they have the right identification. The disadvantage is the cost. The fees and exchange rates for cash pick-up are considerably worse than a transfer to their bank account. 


Paying into a Bank Account Using an Australian Bank like Commbank, Westpac, ANZ or NAB

Using an Australian bank is the most common way to send money to another country. Unfortunately, it is also one of the most expensive methods of paying funds overseas. Banks have different charges to send money abroad. The 'Big 4' charge between $22 and $32 to wire money from a branch and between $18 and $22 to do it online. 

It is very easy to send money overseas using your own bank. Here are the main steps to do it online

  • Log on to your internet banking 

  • Click on the "Payments" or "Transfers" section and choose and International Money Transfer

  • Enter the banking details of where you are sending the money. They are usually called the "Beneficiary" or "Recipient"

  • Choose which account they will debit for the transfer

  • Confirm the details

Related: How to Transfer Money Overseas using a Australian Bank


Money Transfer Specialists

Money Transfer specialists are companies that transfer money from your account to your family members account overseas. It's similar to using a bank, except with much lower fees and better exchange rates. You will have to register and account with them online. From there, the process very similar to using internet banking:

  • Get a exchange rate quote to send your money overseas

  • Enter the banking details of where you are sending the money. They are usually called the "Beneficiary" or "Recipient"

  • Confirm the details and lock in the exchange rate

  • Transfer the Australian dollars to their account (usually through BPAY)

Some alternatives in Australia include OFX (formally Ozforex) TorFX and World First


Related: Using a Currency Company to Send Money Overseas

Related: The Cheapest Way to Transfer $5000 Overseas



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