Find the Best Way to Transfer Money from Australia to the USA

Sending money to the USA from Australia can be easy if you use your local bank, but it could also be expensive. International money transfers can often come with hidden fees, exchange rates with hidden margins and bank charges.

Alternatively, you can head into a store to transfer your money in person using a service like Western Union or Moneygram. These services often offer a quick service, but may not be the cheapest way to send money to the USA.

Online money transfer services can offer the best of both worlds. They offer a low cost way to transfer your cash without having to leave your house. Here are some of the best money transfer services in Australia:


Some of the best money transfer services to send money to the USA from Australia

Best Overall Online Service


Popular with expats based in Australia, TorFX have a local office with excellent over the phone service and give better exchange rates for larger amounts.

In addition, they don't charge a flat transfer fee. TorFX was founded in 2004 and is a British company that has offices worldwide.

How much does it cost to transfer a large amount of money with TorFX?

Transfer Fee: Fee free transfers
Exchange Rate: TorFX offer competitive exchange rates when transferring large amounts overseas. To obtain a quote you need to sign up first.

How long does it take?

Your recipient will get the money in their local bank account within 2-5 business days.

Is TorFX safe?

Yes they are. Read our full review of TorFX.

Best features:

  • Very competitive rates, especially when you're transferring large sums of money
  • Assigned a dedicated account manager
  • Support for both individuals and businesses
  • Excellent customer support available via phone and email

How to transfer money with TorFX?

  • Register your details through the TorFX website. Choose the type of account you need, your details and the currencies you'll transfer.
  • Once you have a quote for your transfer, fill in the recipients details. If you're sending money overseas to your own international account, fill in your own details.
  • Pay TorFX via bank transfer.
  • Learn more about how to transfer money with TorFX in this step-by-step guide

Service details:

For Torfx help online.


OFX (formerly Ozforex) was founded in Australia and has grown into a well-respected global company. With headquarters in Sydney, it has a good track record for security.

They are a good option for Australians who don't mind transacting online, but still want local customer support over the phone.

How much does it cost?

Transfer Fee: OFX usually charge a flat fee for smaller amounts, but if you click on the link below, your transfers will be fee free.
Exchange Rate: OFX add a margin to the exchange rate when you convert your Australian dollars into US dollars (USD).
Minimum Transfer Amount: AUD$250

How long does it take?

Your recipient will get the money in US dollars into their account in 1-2 business days.

Is OFX safe?

Yes they are. See our full review of OFX for more information.

Best features:

  • Good exchange rates and lock-in rate for larger amounts
  • Local phone support
  • Mobile phone app

How to transfer money with OFX

XE Money Transfers

As a trusted and seasoned name in foreign exchange, XE could be a good option for online users who aren't under time pressure. They don't charge fixed fees and don't have any minimum amounts so are good for any sized transaction.

How much does it cost?

Transfer Fee: Free, but there can be hidden charges at the local bank.
Exchange Rate: The AUD/USD exchange rate you receive, when you convert your Australian dollars into US dollars, will depend on the amount of your transfer.

How long does it take?

Your recipient will get the money into their account in 2-3 business days.

Is XE safe?

Yes they are. They are licensed as a Money Transmitter by the DFS in New York and registered with FINTRAC.

Best features:

  • No fees or minimum amounts for money transfers
  • Better exchange rates for larger amounts
  • Well known and trusted brand
  • Business and individual support, plus accessible customer service

How to transfer money with XE

Service details:

For help from XE click here or call  (02) 8270 4500 from within Australia

Best Overall Online Service

Wise (formerly known as TransferWise)

If you prefer to transfer money online, Wise is one of the easiest ways to do it. It's incredibly simple to set up an account or make a transfer using their app. They also have the best exchange rates, because they offer the same market rate you see on XE or Google and don't add any hidden exchange rate mark ups.

How much does it cost?

Transfer Fee: 1.37 AUD + 0.45% of your amount.
Exchange Rate: Wise gives you the best possible rate (google rate). They do not use a margin.
Payment methods: Bank transfer, debit card and credit card.

How long does it take?

Your recipient will get the money in US dollars from Wise's local account by the next day.

Is Wise safe?

Yes they are. Click here to see our full review of Wise.

Best features:

  • Quick online set-up
  • Transparent fees and offer the best rates online
  • Very fast transfers to a bank account
  • Simple cell phone app

How to transfer money with Wise

Service details:

For Wise help online.


WorldRemit specialise in remittances and smaller transfers. They're perfect for personal money transfers from Australia up to AUD10,000 to the USA. Their rates are usually better than Australian bank's like ANZ or Commonwealth Bank. They offer more flexible delivery options than companies like PayPal, Western Union or MoneyGram.

How much does it cost?

Transfer Fee: Starting from AUD1.99 for small amounts
Delivery: Bank transfer or Air time top up
Maximum transfer amount: AUD 50,000

How long does it take?

Most transfers are completed on the next working day.

Is WorldRemit safe?

Yes they are. Learn more about how trustworthy WorldRemit are.

Best features:

  • Offers cash pick-up, bank deposits, Mobile Money and Airtime top-up in some countries
  • Easy online platform and cell phone app
  • Transparent costs with accurate calculator tool
  • 24/7 customer support

How to transfer money with WorldRemit

  • Enter how much you want to send overseas and your delivery method
  • Create an account by entering in your details
  • Make local payment to WorldRemit, using a bank transfer or your debit or credit card.


How do I transfer money from Australia to the US?

Send money from your bank account to another bank account in the US using these steps:

  1. Login to internet banking or head into a branch.
  2. Go to the international money transfers section.
  3. Enter the amount and currency of your transfer.
  4. Enter the recipient’s bank details.
  5. Confirm all the details, fees, amounts and reference before finalising the transaction.

If you don't want to use your bank, compare money transfer services, set up and account and follow the same steps 2 through 5.

Can I send money internationally without fees?

If you want to transfer money overseas without a fee, you'll have to avoid banks. Each bank charge flat fees to send money abroad and add a margin to the exchange rate.

If you want to use a money transfer service, you will either be charged an upfront fee, an exchange rate margin or both.

Some money transfer companies like TorFX don't charge a fee but still add a margin to the exchange rate. Other services like XE or OFX, charge a small fee for smaller amounts but allow fee free transfers for larger transactions.

Alternatively, services like Wise or InstaReM don't charge any hidden fees in the exchange rate but charge an upfront fee.

What information do I need to transfer money to an American bank account from Australia?

To transfer money from Australia to a bank account in the USA, you will need the following information about the recipient's account:

  • The account name of the person or business you are paying. Sometimes you'll need their address too.
  • An account number.
  • Routing Number or ABA

According to OFX,

Usually, an account number will be 10-12 digits long, but its length could vary from one bank to another.

Sometimes, the account number and check number are reversed, so your account number will be found on the right side of the bottom of your check, as opposed to in the middle. You’ll know the difference because the check number will be shorter.

In the USA, routing numbers are also known as an ABA. It's a 9 digit number that's similar to the BSB we use in Australia. It identifies the bank and the branch that you are sending the money to.

You can check or lookup an ABA Routing Number here.

How much money can I send to my US bank account from Australia?

The maximum limits set by the money transfer companies are usually very large. However, they depend on which currencies you send to and from and how you pay.

For example, to send money from Australia to the US, the maximum limit for TransferWise is A$1.8 million in one transfer.

Be careful if you send a gift of A$100,000 or more from a US non-resident or a gift of A$16,706 or more from a foreign corporation of partnership as you will need to fill in Form 3520 from the Internal Revenue Service (IRS).

Can I use an app to send money overseas from Australia?

Yes. When you have an account with any of the online money transfer services highlighted above, you can make transfers through their website, or via their iOS Apple and Android apps. However, some are easier to use than others.

How long does it take to transfer money to the US?

It should take no longer than 2 days to receive US dollars in the US bank account you're sending money to. Given USD and AUD are highly traded currencies, money transfer services hold larger stocks and are able to process money transfers faster. Other major currencies include EUR, JPY, GBP, CAD, CHF, CNY, HKD, NZD and SEK.

Banks will be longer, up to 5 days, because they use wire or telegraphic transfers through the SWIFT network that are often slow. Australian banks transfer the money through a network of correspondent banks before landing into the local US bank account.

Remittance companies offer instant cash pick ups with a higher fee. Well known companies are Western Union and MoneyGram.

WorldRemit also offer instant Airtime top ups to mobile phones in the United States.

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Using a bank is one of the easiest ways of transferring money overseas, but can also be the most costly. There are alternatives that can make the whole process cheaper.

International Money Transfer Comparison and Reviews

Find the best international money transfer exchange rates to send money overseas from Australia. Compare the rates and fees from leading banks and money transfer services.

How International Money Transfers Work

When sending money overseas, you’ve got heaps of options. One of the most popular is through an “International Money Transfer”. This is a financial service offered by most banks that gives you a simple, safe and convenient way to send money overseas.

General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.

By Justin Rampono Updated October 20th, 2021