Send Money From Singapore And Australia To Worldwide


5 Top-Rated Services to Transfer Funds from Australia in 2024


Sending money globally from Australia is essential to today's connected world, where families, businesses, and friends span borders. In this digital era, finding a reliable money transfer service is crucial. The top services provide a seamless and secure way to send funds, ensuring that your hard-earned money reaches its destination promptly. Whether you support loved ones overseas or conduct international business transactions, access to trustworthy money transfer services is paramount.

These services offer competitive exchange rates, transparent fees, and user-friendly interfaces, making the process hassle-free for users. Navigating the myriad options available can be overwhelming, but choosing a reputable global money transfer service is an investment in peace of mind. Explore the top services to experience efficient and dependable international money transfers from Australia. Below are the top options that you can consider to make your money transfers hassle-free and affordable as an expat in Australia.

1-TorFX

Choosing a trustworthy provider with fair exchange rates and no transfer limits is wise if you're sending a lot of money. TorFX fits the bill because they make transfers without charging fees and promise to match the best exchange rates.

Features

Fantastic Rates

·        TorFX offers excellent exchange rates for transfers over $10,000 in the top five currency pairs.

 

No Fees

·        You won't be charged any fees for using TorFX; they guarantee to match the rates you find with other providers.

 

 

Trusted by Customers

·        TorFX has a stellar rating 4.9 on Trustpilot, based on 2,566 reviews, making them a top-rated choice.

 

Banking Expertise:

 

·        With over ten years of experience and strong partnerships with reputable banks, TorFX knows how to handle large transactions carefully.

 

Risk Management Tools

·        They provide helpful forex tools like forward contracts and spot transfers to help you manage risks associated with a fluctuating Australian dollar.

It is important to note that you might get a better deal with XE or Wise if you're making smaller transfers (under $2,000). But for more significant amounts, TorFX stands out as a reliable and customer-friendly choice.

2-Wise

Like the first one, it is an authentic online platform for transferring money from Australia. When it comes to exchanging money, Wise stands out. It gives you the best rate possible –the mid-market rate. This means you're getting an excellent deal. Exchange rates are just one part of the story. It's wise to check the transfer's overall cost to ensure Wise is your top pick.

Noticeable Features:

Best Rates Always:

·        Wise gives you the mid-market rate, the best deal you can get.

Global Reach:

·        Send money to 80 countries. That's a lot of places covered!

Easy Payments:

·        You can pay using Google Pay or Apple Pay. Simple and convenient.

Other companies like OFX and Remitly are good, too, but Wise has that extra edge. OFX has reasonable rates but isn't as widespread or easy to use. Now, Remitly is excellent for new customers with a special rate for the first few transfers, making them a budget-friendly option.

3-Instarem

Get acquainted with Instarem, your go-to money transfer wizard! Wondering why it's a winner in the fast transfer game? Well, it's all about that name – Instarem, because it's all about making your money move like magic. Picture it: while using, your money reaches its destination in minutes or on the same day. The exact timing? Well, that depends on the currencies involved, but here's a tip – pay with your debit or credit card for a lightning-fast transfer.

Features

Speedy Transfers:

·        Most transfers hit the destination instantly or within the same day.

Zero Fees:

·         Enjoy zero transfer fees for many popular destinations. That's more money in your pocket.

Loyalty Points Galore:

·        Every transfer you make earns you loyalty points. It's like getting a bonus for doing something you would do anyway.

With Instarem, it's not just about transferring money; it's about making the whole process quick, cost-effective, and rewarding. Your money, your way – that's the Instarem way!

4-Qantas

If your business frequently sends money abroad, you probably want a service that gives you competitive exchange rates and additional perks, right? After checking out various services for business transfers, we found Qantas to be our top choice. Qantas Business Money, powered by Airwallex, can help your business make payments with exchange rates up to 70% cheaper than traditional banks offer.

Features:

Real-world Exchange Rates

·        Great exchange rates for business transfers

Remarkable Rewards

·        Cool rewards program for Aussie businesses

Easy Bath Transfers

·        Batch transfers, enabling you to send multiple transfers at the same time

Additionally, they have got a Business Rewards program that's pretty cool. For every $10 equivalent you convert into foreign currency, you earn 1 Qantas Point. And guess what? You can use these points to save money on flights, hotels, etc. It's like a little reward for doing your business transfers with them – pretty neat if you ask us!

5- Speed Remit

Speed Remit has also marked its name as a reliable and affordable money transfer service in the remittance landscape of Australia. Renowned for its commitment to security, every transaction on Speed Remit is fortified by highly encrypted transfers, ensuring the utmost protection for users' financial data. Speed Remit is dedicated to providing customer-friendly exchange rates, making international money transfers swift and cost-effective. Navigating the complexities of cross-border transactions is now a breeze, thanks to Speed Remit's streamlined process that enables users to send money globally within a few simple steps.

Features

Seamless Sign-up Procedure

·        User-friendly app and easy sign-up process.

Dealing with all the Leading Currencies

·        Transfer to 13 currencies abroad.

Customer-Friendly Exchange Rates

·        Get the competitive exchange rate Every Time.

As evidence of its unwavering commitment to customer satisfaction, Speed Remit stands as an example of trust, offering a seamless and reliable platform for Australians to send money worldwide. Experience the unparalleled combination of speed, security, and customer-friendly rates with Speed Remit, the frontrunner in the fast-growing landscape of global money transfers.

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Compliance

Speed Remit works diligently to prevent its systems from being used to perpetrate any unlawful activity. We protect our customers and prevent the use of our products or services by anyone for money laundering, terrorist financing, sanctions violations, scams, and fraudulent intentions. As necessitated, we work with law enforcement to apprehend and impeach offenders.

Speed Remit collect different types of personal information for legal and compliance purposes relating to you that may be Compliance information, including fraud prevention, identity verification, and sanction checks. This may further include using your personal information to validate and authenticate your identity, and utilising third parties to help us do so, using personal information needed to comply with legal and regulatory duties related to anti-money laundering and counter-terrorist financing; detection, prevention and prosecution of fraud and theft as well as preventing illegitimate or prohibited use of our services or other illegal or wrongful activity.

Onboarding customer Identity Verification

Speed Remit is a financially regulated company and required by laws to verify the information prior to onboarding customers. Below are the more information on our verification processes and policies for our onboarding customers.

1. Why does Speed Remit need to verify me?

1.1 Normally, we will only need to check/Screen your name, address date of birth and country of origin.
1.2 We may also do enhance due diligence (EDD) that will be depend on amount to comply with the sending country regulations.
1.3 We will contact you if we need anything from you, so please ensure you check your emails regularly after you’ve made your transfer. In very rare cases the funds remain undelivered in absence of any additional information required under the prevalent laws of the territories.

2. What ID is required for the country I’m registered in?

2.1As a financially regulated company we are required by laws to verify all of our customers. Part of this process is 'identity verification'. Usually this involves collecting a copy of Government issued Valid ID from you and you can upload your ID securely at any time for our screening / verification during registration process.
2.2 Please upload your ID front side and back side to complete your verification process.

3. .Is there anything I need to know before I upload my ID?

3.1 When submitting your ID, please make sure that it's a high quality photo or scan of a valid original government-issued ID card, and the image should be clearly displaying the below information:

- ID Number
- Your Photo
- Your Complete name
- Your Date of Birth
- ID’s expiry date
- The full machine readable zone (the two lines of letters and numbers at the bottom of the document) if present
- Resident Address

3.2 The complete name and date of birth must match with your details on your Speed Remit account.

3.2 If any details do not match, please contact the Speed Remit Customer Support team (sr.cs@speedremit.com) to have your details amended. For more information on this click "My Account" option

4. What types of ID can I use?

4.1 In case the Government issued ID card is not available incidentally at the time of registration / transaction, we may alternatively accept below ID's in case it is allowed your local central bank / financial regulator. At the end of the day, you must be holder of a valid ID even if you are unable to present it at the time of transaction.

- Driving License
- National ID
- Passport - All four corners of the document must be visible and it should visibly display the vital information.

4.2 Always upload the front and back of the ID or any alternate document (if any). The document number must be visible and there should be no glare or defocused image.
* Must match the details in your Speed Remit account

5. What is address verification?

Address verification is part of our customer verification.

5.1 If we need to verify your resident address we will contact you by email. You’ll need to reply to the email with your address and any proof of Address document as an attachment e.g. Last Utility Bill etc.

5.2 When submitting your proof of address, please ensure that it is a high quality photo or scan of a valid document showing:

- Your full name
o This must match what appears on your Speed Remit account
- Your full Resident address
o This must match what appears on your Speed Remit account

5.3 The name and address on the document must match the details on your Speed Remit account.

5.4 If any detail does not match, you can update them on our app or website by visiting the My Account Option of the Speed Remit.

6. What types of document you required to accept for address verification?

6.1 ID documents we can usually accept include:

- Utility Bill
o This can be a gas, electricity, water or insurance bills.
o We can’t accept mobile phone bills
o The bill must be no older than 3 months
- Driving Licence
o This must show your address
o This must be in date – we cannot accept expired documents
- Bank / Credit card statement
o This must be no older than 3 months

6.2 If your document is not accepted, it could be for a number of reasons. Some of the reasons documents cannot be accepted are:

- The date on document
o If the document is older than 3 months, we cannot accept it
- The details on your document
o The details (including name and address) on the document are not matched with information on your Speed Remit account
o The details must be for your home residence, not a PO Box or workplace
- The document type
o The type of document may not be one we can accept (for example a mobile phone bill)

7. What happens to my personal information after I upload it?

7.1 We only use these when we are completing Know Your Customer (KYC) checks, which is an essential process.

7.2 You can read more about our privacy policy and how we use your information here.

8. Need to send us your documents?

8.1 TIf we've emailed you and asked you to send us some documents, use the link in our email to upload your photo ID or selfie, and provide your proof of address by attaching it and replying to our email.

- To provide your photo ID or selfie: use the shared link in the email, or upload them here:
o Photo ID
o Selfie
- To provide your proof of address or any other document, reply to our email with your document as an attachment

Be our Agent

Speed Remit is expanding and intend to widen our presence in order to provide our customers with remarkable services across the world. We offer a great opportunity for worldwide regulated money transfer companies/ Banks to join speed remit Network as send and receive agent, simply fill in the form below. We’ll get back to you as soon as possible.