Best International Money Transfer Services (International)
The table below shows how much it costs to transfer £10,000 GBP to Australia Dollars.
Services are listed in order of cost to you the user, with the lowest cost services first.
| Position | Service | Exchange rate markup | Transfer fee | 10,000 GBP to AUD |
|---|---|---|---|---|
| 1 | Wise | 0 % | 0.34% | $19,264 AUD |
| 3 | Currency Fair | 0.53 % | 3 Euros | $19,221 AUD |
| 4 | OFX | 1.43 % | 0 | $19,055 AUD |
| 2 | Remitly | 1.14 % | 2.99 GBP | $18,980 AUD |
| 5 | Revolut | 0.2 % | 205 GBP | $18,897 AUD |
| 6 | PayPal | 4.91 % | 2.99 GBP | $18,378 AUD |
The winner is Wise which refreshingly does not have an exchange rate markup, unlike other providers where the exchange rate markup tends to be hidden away in their fee schedule. Instead, Wise is upfront about their fees, charging a transfer fee of 0.34% which is the lowest I could find.
Disclaimer - Referral link used
Full disclaimer, the link to Wise above is a referral link, which means I get A$145 when 3 folks sign up and use the service. You also benefit by receiving a free transfer up to A$1000 or a free card. I use this to pay back my time for researching the services available but it has not influenced my recommendation of Wise as the most cost-effective international money transfer service, I guess you'll just have to trust me.
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