Can you send money to Australia? Yes you can and it is probably easier to transfer money to another country than you realize. Of course you can always send money to Australia by visiting your local bank branch and doing a bank wire transfer. The problem with this method is that it will probably cost you a lot more money when compared to other money transfer services.
A great alternative is to use what many people refer to as an email money transfer method and a couple of the most popular methods are PayPal or Skrill. Both these methods offer transactions in multiple currencies so transferring money to Australia should be easy. Depending on your country of residence you can transfer money to bank accounts and debit cards for easy withdrawal. Or you can simply use the funds to pay for online purchases.
Most of the cost is hidden in the exchange rate
When a transfer advertises a low fee, the real charge is usually built into the exchange rate — a margin added quietly on top of the mid-market rate before the money moves. It does not appear as a line item, which is exactly why it is easy to miss.
Wise uses the mid-market rate itself and charges a stated fee instead, so the whole cost is one visible number. You see the fee, the rate and what Australia will actually receive before you confirm anything.
Bank wire details for Australia
If you still prefer to use a bank wire to send money to Australia then you will need the following details:
- SWIFT country codeAU
- CurrencyAustralian Dollar
- Currency codeAUD
Overall, it is very easy to send money overseas to countries such as Australia and depending on how much and how often, it shouldn’t cost a lot of money.