WorldRemit alternatives

Compare the best WorldRemit alternatives for Australians.

Bill Ryan Natividad avatar
Written by   |  
David Boyd avatar
Verified by
Updated 18 Nov 2024   |   Rates updated regularly

Comparing of 9 WorldRemit alternatives

Wise Money Transfer

On website

Minimum Transfer Amount

$1.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Multi-currency digital wallet where you can hold and transact in 50+ currencies.
  • Use a debit card to withdraw or pay for purchases in foreign currency within or outside Australia.
  • Supports a variety of funding methods, including transfers from debit and credit cards, POLi, and bank transfers.

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
Send

On website

Minimum Transfer Amount

$250.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Better exchange rates than banks, no fees, and faster delivery.
  • Payments are available 24 hours a day, 7 days a week, and in 37 currencies.
  • Business users are assigned a dedicated account manager.

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.
Remitly

On website

Minimum Transfer Amount

$10.00

Transfer Speed

Within an hour

Transfer Fee

$4.00

Highlights

  • Funds are transferred to recipients within minutes of being sent from Australia.
  • Recipients can receive funds how it suits them, including delivery to their address or cash pickup from a convenient location.
  • Send money with competitive exchange rates and low fees.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
torfx

On website

Minimum Transfer Amount

$200.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Set up recurring transfers, perhaps to cover monthly expenses back home, an overseas mortgage, remote staff payments, etc.
  • All users get a personal account manager to help set up money transfers and advise on future payments.
  • Transparency with fees and margin.

Pros

  • No transfer fee.
  • Competitive exchange rates.
  • Wide range of currencies and destination countries.
  • Phone and email support are available.

Cons

  • Minimum transfer amount is $200.
  • Only accepts bank transfers.
  • Transactions under $2,000 can be expensive.
Revolut

On website

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • One of the pioneers in borderless accounts. Hold and send multiple currencies with competitive exchange rates.
  • A financial super app with lots of additional functionality such as support to buy crypto and stocks.
  • No fee international money transfers for Standard accounts up to $9,000 / month.

Pros

  • The standard account has no monthly fees.
  • Top-up and hold account balances in various currencies.
  • Lots of different additional features are available, such as crypto trading and disposable virtual cards.
  • Has a well-designed mobile app.

Cons

  • Monthly fees apply to certain types of accounts.
  • You may experience delays when sending money internationally.
Xe Money Transfer

On website

Minimum Transfer Amount

$0.00

Transfer Speed

Real-time

Transfer Fee

$0.00

Highlights

  • Transfer 130+ currencies to 220+ countries.
  • Funds money transfers with a bank transfer, credit card, or debit card.
  • Limit orders and contracts are available to lock in rates.

Pros

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

Cons

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

On website

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Aussie-owned and made with a team based in Melbourne.
  • Charges a low margin on the interbank exchange rate.
  • Money transfers are typically delivered within a day.

Pros

  • Create an account in just a few minutes.
  • No international transfer transaction fee.
  • Favourable currency exchange rates.
  • Quick transfers.

Cons

  • Limited transfer methods.
  • Fewer transfer currencies are available than some competing services.
Western Union

Minimum Transfer Amount

$1.00

Transfer Speed

Real-time

Transfer Fee

$0.00

Highlights

  • Established, trustworthy, and reliable with a long track record transferring money overseas.
  • Lots of options for funding money transfers and convenient pickup methods for recipients.
  • Requires a competitively low minimum transfer amount.

Pros

  • Reputable company with plenty of physical branches around the world.
  • Lots of options for payment method and pick-up method.
  • Regulated by ASIC and FinCEN.
  • 24/7 customer service.

Cons

  • High fees compared to other money transfer services.
OFX Money Transfer

On website

Minimum Transfer Amount

$250.00

Transfer Speed

1 - 2 days

Transfer Fee

$15.00

Highlights

  • Aussie-owned and operated. Headquartered in Sydney.
  • Transparent fee structure based on a flat fee for transfers under $10,000. Transfers over $10,000 are fee-free.
  • Transfer a wide range of currencies with no maximums for most currencies.

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.

    As seen on

    Media - The Sydney Morning Herald
    Media - Yahoo Finance
    Media - News.com.au
    Media - Daily Mail Australia
    Media - Australian Fintech
    Media - Dynamic Business