Find the Best Way to Send Money to France
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Some of the best money transfer services to send money to France
- TransferWise offer the best exchange rates to send money to France and charge a transparent fee making them one of the most popular online money transfer services
- TorFX have great phone support making them ideal for expats transferring larger amounts overseas
- OFX is one of the largest Australian owned transfer companies. Their fees and exchange rates vary on the currency you are sending and the amount of the transfer.
- InstaRem also has excellent exchange rates with low fees
- WorldFirst have a range of business products and services
- SendFX are a newer money transfer service based in Queensland with good rates and no fees
- XE Money Transfers are one of the largest and most reputable money transfer companies in the world
- Currencies Direct offer an easy to use online platform, fee free
- CurrencyFair is a leading peer-to-peer transfer company based in Ireland
In this guide
With too many money transfer companies to choose from, transferring money to France can be overwhelming. Where do you start? Which company is safe? Fortunately, we break it down for you. In this guide, we help you find the very best way to send different amounts of money to France from Australia.
We also show you:
- The cheapest money transfer option with our comparison table
- How to transfer money to France
- What information do I need to make a transfer?
- How long does it take and how much can I transfer to France?
How to transfer money from Australia to France
While each bank and money transfer service is different, you will always need to follow these steps to transfer your money safely and quickly:
- Setting up an account usually takes 10 minutes and make sure you have some I.D. on hand
- Enter the bank details of the person or company you are sending the money to
- Pay for your transfer using a card or bank transfer
Now that you know how to transfer money to France, you can compare your options.
We understand, this isn't easy. Every bank and money transfer company offer different exchange rates and transfer fees depending on how much you want to send.
That's why using our table compares the total cost of the transfer, based off the amount of your transfer.
What information do you need to transfer money to France?
- Your personal information: Your full name, address, date of birth and valid I.D.
For security reasons money transfer service's need your photo id scanned or photographed using your phone. It also needs to be high quality. Also note, you can't give your work/office address or PO box address
- Bank account details in France: The full name on the account, banks name and branch address. You also need the IBAN, which in France is 27 alphanumeric characters long in this format: FR14 BBBB BSSS SSCC CCCC CCCC C06
The first two digits are the country code ("FR" for France), followed by two check digits, the 5-digit SWIFT/BIC code and finally the national account number BBAN (basic bank account number). This is the 5-digit French Guichet code together with an 11-digit bank account number. The last two digits are the national code numbers.
You can usually get these details by logging into your online banking or checking the bank statement.
- How you wish to pay: Your bank details, account numbers and address or debit/credit card details to pay for your transfer.
What are the limits for online money transfers to France?
There are no limits on the amount of money you can transfer to a French bank account. Your money transfer service or bank might have a restriction, however sometimes these are as high as €2 billion per transfer. Some money transfer services do not have limits.
How much will it cost to make my international money transfer?
There are 3 fees you'll usually be charged to send money to France:
- Exchange rates - The better the exchange rate, the more euro (EUR) you get in the French bank account. Money transfer services that offer competitive exchange rates will usually charge you a separate transfer fee.
- Transfer fees - These can range anywhere between $0 to $5. Some online transfer companies offer fee-free transfers for sending large amounts of money. These companies usually charge a slightly worse margin on their exchange rate, but are still better than bank fees.
- Hidden fees - You or the person you're sending money too will often get charged a bank receiving fee or banks intermediary fee of approximately $25 each.
How long does it take to transfer money overseas?
Money Transfer Services can take 0 - 3 business days
When using a money transfer service like TransferWise, they tend to quote transfer time in hours not days. Unlike banks, they keep you updated on the movement of your funds.
Remittance Companies can take 0 - 5 business days
An instant transfer is available with remittance companies if you pay a higher transfer fee and the person can organise a cash pick-up. You can send money using a bank transfer and it can take up to 5 business days.
Bank to Bank Transfer can take 2 - 5 business days
Also known as a 'wire' or 'telegraphic transfer'. These transfers are slow, because the money may go through a network of correspondent banks before landing into their local bank account.
How can I send small regular amounts to France?
If you have family in France then you might need to frequently send them small amounts for birthday gifts, Christmas gifts or the be part of a family surprise gift. Two great options are Revolut and TransferWise.
Sending money to France is very quick on your mobile, very small transfer fees and close to mid market exchange rates.
With TransferWise sending very small amounts is affordable and fast. For example, you might send 7 lots of A$30 over 12 months to family in France. The cheapest bank transfer would cost you roughly A$65 in total transfer fees. It'll only cost you A$8 with TransferWise.
How do I send cash to France?
You can send cash to France from Australia with remittance companies like PayPal or Western Union. Typically these companies offer a service to instantly send cash to France, which can be very handy in emergencies, however the exchange rate for sending cash is very poor.
To send 100 euros it will cost A$5 if you pay using a bank transfer. If you pay with credit or debit card it will cost you A$7.60 Australian dollars plus 0.35 euros.
For the person overseas to access the money you sent them, they need to sign up or sign in to their PayPal account.
To send A$500 in cash instantly it will cost A$9 with a credit card and A$7 with a bank transfer.
How do I send large amounts to France?
Transferring large amounts of money cross borders can be very scary, but not with TorFX or OFX.
These two companies have built solid reputations for transferring large amounts over the years for emigration, retirement, inheritances and buying or selling property overseas. They are a trusted options when sending large amounts from Australia to France.
TorFX offer a dedicated account manager who is available to contact on the phone. TorFX understand that clients who move large sums of money want to speak with someone directly about their money transfer. They don't charge transfer fees and they add a small mark up on the exchange rate.
OFX specialise in sending large sums of money to France from Australia and charge no transfer fees for transfers over A$10,000. Transfers under A$10,000 attract a A$15 fee. They offer a quick online registration and 24/7 customer support.
What are the tax implications when sending money to France?
If you are a French resident living in Australia, taxes will apply to the money transferred to France. If you are not a tax resident of France, but the beneficiary has been a tax resident of France for at least six out of the last ten years, tax will need to be paid by the beneficiary on the transferred funds.
The amount of gift tax (droits de donation) you pay depends on your relationship with the person transferring the money and the amount of money being transferred. There are however there are tax free thresholds. You can give the following amounts over 15 years and not be taxed. These arrangements are set out in Article 790 G of the General Tax Code.
- From a parent to each child (or child to parent) - € 100 000
- To a grandchild - € 31 865
- To a great grandchild - € 5 310
- To a disabled person - € 159 325
- To a spouse or civil partner (in a PACS) - € 80 724
- To a sibling - € 15 932
- To a niece or nephew - € 7 967
A cash gift can only be given every 15 years and the cumulative amount goes over the threshold you will be taxed.
The gift should be the gift should be declared and registered by the donee at their local tax office within one month of the gift.
As French law for gifts and inheritance is complicated it is best to contact a tax professional for further advice.
Keeping your money safe
One of the main questions people ask us is “will my money be safe online?" The answer is yes.
We've made sure that all the money transfer services and banks you compare are safe. Each company is :
- Is regulated in Australia - AUSTRAC in Australia
- Holds an appropriate financial services license - with ASIC in Australia
- Have strict privacy and verification policies - this is to ensure they fully identify all of their customers. They invest in identity protection, fraud prevention and encryption to create a secure connection with your browser when you register and login into their online services.
FAQs for sending money from Australia to France
How can I pay for my money transfer to France?
Depending on your provider, there are several different ways to pay. Many providers accept direct bank transfers, wire transfers, or debit cards or credit card payments. They may charge a small additional fee, depending on how you decide to pay.
Is it safe to use The Currency Shop to compare?
Yes. The Currency Shop holds an Australian Financial Services Licence (ASIC) (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
How does The Currency Shop make money?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
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