How to send money to Taiwan from Australia

By   |   Verified by David Boyd   |   Updated 10 Aug 2023

XYZ to TWD (Taiwan)

Are you looking for the best way to send money from Australia to a family member, friend, or business in Taiwan?

Recipients will get more Taiwanese dollars for the same amount of Australian dollars if you send money to Taiwan from Australia using an online international money transfer service because of their competitive exchange rates and cheaper fees.

Need to transfer money to Taiwan from Australia?

Best ways to send money to Taiwan

Send

On website

Send

Highlights

  • 4.9 star rating on Trust Pilot
  • Competitive Exchange Rates for Both Small and Large Transfers - Up To x5 Cheaper Than Banks
  • Personal Account Manager - Large Transfers Specialists
  • Australian Company, Australian Headquarters, and a Highly Professional Australian Team

Pros

  • No transfer transaction fee and no account-keeping fees.
  • Competitive foreign exchange margin compared to banks.
  • Wide range of currencies and destination countries.
  • Suitable for businesses as well as individuals.

Cons

  • Bank account is the only delivery method.
  • Minimum transfer amount of $250.
  • Limited funding methods.
Xe Money Transfer

On website

Highlights

  • Send money to 220+ countries and territories.
  • Xe rates are consistently some of the best in the business and trusted by millions.
  • With millions of transfers under its belt last year, Xe knows how to ensure your money and information are treated accordingly.

Pros

  • No transfer fee.
  • No minimum transfer amount is required.
  • No transfer limit.
  • Good customer support.

Cons

  • Limited currencies.
  • Bank transfers only.
OFX Money Transfer

On website

OFX Money Transfer

Highlights

  • Enjoy better rates and fees.
  • Transfers to most countries take 1-2 business days. Track your transfer online or with the OFX mobile app.
  • With support staff that are located in Australia, USA, UK, Canada, New Zealand, Hong Kong and Singapore.

Pros

  • Easy and quick account opening.
  • Wide range of supported currencies and countries.
  • No fees if transferring more than $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • $15 fee if transferring less than $10,000.

Compare more money transfer services before you send money to Taiwan.

First time sending?

How to send money to Taiwan from Australia

Money transfer services offer a convenient, fast, and cheap way to send money to Taiwan from Australia. If you’ve never used one before, this step-by-step guide explains how they work.

  1. Choose a money transfer service. On this page, you can find reputable money transfer services that can transfer money to Taiwan.
  2. Create an account. You will need to provide some personal information and proof of identification.
  3. Configure a transfer. Configure how much money you want to send, how you would like it delivered, and the recipient’s details. You’ll see exactly how much money the recipient will receive. This quote may be valid for a limited time since exchange rates fluctuate constantly.
  4. Choose how you will pay for the transfer. You can fund your transfer with a bank transfer, debit card, credit card, or cash. The method you choose to pay will affect how long the transfer will take and how much the recipient will receive.
  5. Confirm details and send money. Depending on the delivery method, the recipient will receive a notification that the money is available to collect, or it will be deposited into their bank account. You may wish to share the reference number with the recipient since it may be required to collect money.

What are the fees and charges?

Costs for sending money to Taiwan from Australia

  • Service fee. The amount of money a money transfer service charges to send will vary depending on the amount of money being sent, how it is being delivered, and how the transaction is being funded.
  • Collection fee. Charged to pick up cash.
  • Delivery fee. Charged to have cash delivered to the recipient’s address.
  • Cash advance fee. Set by the credit card issuer when funding a money transfer with a credit card. Interest applies separately.
  • Exchange rate. When you send large amounts of money abroad, the exchange rate can significantly impact how much your recipient will get.

Looking for other options?

Alternative ways to send money to Taiwan from Australia

You have a few different options for sending money to Taiwan if you do not want to use an online money transfer service.

  • Bank transfer. Convenient but more expensive and generally slower than an international money transfer service.
  • Crypto. If the recipient can accept crypto, this can be a very cheap and fast option. Sending a stablecoin means the recipient is not exposed to fluctuations in price like they would if receiving Bitcoin or another token.
  • Money orders. One of the oldest ways to send money. They’re also one of the slowest. Once the recipient receives the money order, they can cash it in.
  • Money transfer agents. Located in most large towns and cities. Check that there is one near the recipient so they can collect the funds.
  • Prepaid cards. Transaction limits, such as how much can be loaded and how much can be withdrawn per day, make prepaid cards impractical for large amounts.

Still not sure?

FAQs

How long does it take for money sent from Australia to arrive in Taiwan?

The time frame will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with a money transfer service can arrive within minutes.

Can I send money to Taiwan if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so the recipient can collect cash from a specific location, or a courier can deliver the cash. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Taiwan from Australia?

Yes, sending money to Taiwan from Australia is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Taiwan from Australia?

Yes, purchasing a money order in Australia and sending it to Taiwan via postal mail or tracked courier is possible. The recipient can then cash the money order at a bank, credit union, local post office, etc.

Can I use my credit card to send money to Taiwan from Australia?

Yes. You can fund a money transfer to Taiwan with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Taiwan from Australia?

Yes, cryptocurrencies such as Bitcoin and Ethereum can be sent to Taiwan from Australia. The recipient can then choose whether to sell the crypto for cash or use it to transact in stores and with people who accept it.