The OzForex Group provides foreign exchange services to over 100,000 customers across 6 continents under the OzForex, UkForex, USForex and CanadianForex brand-names.
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Forex Vendors
TorFX
TorFX is a UK based leading provider of foreign exchange services, offering very competitive currency exchange rates for international money transfers and an unrivalled personal service to private individuals and companies with a foreign currency exchange requirement.
ANZ Bank
ANZ Bank – provide currency exchange services in Australia and New Zealand
Awards :
Best Bank for Australian Dollar : FX-Week Awards 2010
Currency Online
Currency Online offers direct, self-service money telegraphic transfers online, including access to leading foreign exchange real-time rates.
Forget subtle hidden charges and outrageous fees. Currency Online keeps foreign currency transfers transparent, simple and fair.
Fee Free Special Offer: Get your first two transfers with Currency Online fee free when referred from BestExchangeRates
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Western Union
Not the cheapest currency provider but perhaps the most convenient with locations on practically every street corner especially in developing world.
In order to send funds, a sender goes to a Western Union office and presents funds (plus fees) for “Next Day” or “Money in Minutes” service. A sender provides his or her name and address, the recipient’s name, and a designated payment destination. Western Union then provides the sender a 10-digit Money Transfer Control Number (MTCN) that must be transmitted separately by the sender to the recipient. The recipient then proceeds to a Western Union agent office in the designated payment location, presents the 10-digit MTCN, and a photo ID. Money is then paid out to the recipient. If a recipient lacks identification documents, the sender and receiver can set up a pre-arranged password. Funds are paid out in cash, although if payment exceeds a local maximum or cash on hand, a check is issued. Alternatively, a sender may forward funds online to a recipient by using Western Union’s online site, westernunion.com.
Transfer fees
Fees differ based on originating and receiver countries and type of transfer. Generally, fees are less if using the website rather than using a partner agent location.
Bankwest
Buying and selling foreign cash
Buying foreign cash is now easier with Bankwest. If you’re heading overseas, simply order your foreign cash online and pick it up from any Bankwest store.
The exchange rates provided by Bank West on their website are for foreign exchange transactions up to AUD50,000 and are subject to change without notice.
Commonwealth Bank
CommBank Australia
The exchange rates provided by CBA on their Australian website are for foreign exchange transactions up to AUD50,000 and are intended only as a guide.
Tranzfers
For transfers of less than AUD 2,000 or equivalent you’ll get a great deal at the team at Tranzfers.
Fee Free Special Offer: Get your first two transfers with Tranzfers fee free when referred from BestExchangeRates
What are the normal fees with Tranzfers? Are there any hidden charges or receiving bank charges?
The fees are currency based e.g. If you are converting from UK Pounds, then the fee is £7. For each of the currencies you can Tranzfer, the fee is as follows:
AU$15
CA$15
€10
GB£7
HK$60
NZ$12
SG$15
SEK20
US$5
Tranzfers guarantee no receiving bank fees in Australia, the UK and New Zealand. In other countries they minimise the chances that a receiving bank fee is charged by sending the money directly to your account from within that country.
If you’re planning on doing transactions larger than AUD 2,000 or equivalent then you should consider registering with 
Ozforex where the two fee free deal offer also applies.
Skrill (Moneybookers)
PayPal
The currency rates that PayPal offers is competitive with most multi-currency credit card transactions, in which Visa or MasterCard charge a 1% spread above their wholesale exchange rate, and the card-issuing bank typically charges an additional spread of 1-3%.
PayPal seeks to keep its foreign exchange rates competitive with credit
card transactions and transferring money via banks however they are not competitive when compared to specialist on-line payment service providers such as Ozforex or the other FX currency converters for your country as featuring on our best rate calculator.
PayPal can handle payments between the following currency pairs :
AUD, BRL, GBP, CZK, DKK, EUR, HKD, HUF, ILS, JPY, MYR, MXN, TWD, NOK, PHP, SGD, SEK, CHF, TRY & USD
Whenever you use PayPal to transfer money from one currency to another you will be charged a currency conversion fee.
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Bank of Queensland
Bank of Queensland currency exchange services offer very competitive exchange rates on the following products :
- foreign cash
- travellers cheques
- pre-paid travel money cards (referred to as Cash Passport cards)
You can get the currency immediately from one of Bank of Queensland branches or within 24-48 hours, depending on your location. You can obtain a quoted price at the branch so you don’t need to wait until the money arrives before knowing what it will cost.
ClearFX
ClearFX is part of the OzForex Group provides foreign exchange services to over 100,000 customers across 6 continents.
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Compass Global Markets
Compass Global Markets was formed in Sydney Australia by a group of financial market specialists who wanted to create a business model that would change the face of investing in the foreign exchange and commodity markets. The Directors of this new brokerage offer a wealth of experience across the global markets and institutional banking space. They are from an institutional markets background covering positions including Spot FX Trader, FX Options Broker, Corporate FX Sales and Money Market Sales to name a few.
Westpac
Westpac FX is the flexible, end to end foreign exchange offer for both personal transactions and businesses, providing self-service and full service FX solutions across all major currencies; in branch, online or through a dedicated dealer relationship.
We’ve also been recognised as the #1 Australian bank for FX, according to the Euromoney FX poll (2008-2011), and as a leading bank for AUD and NZD risk management.
The exchange rates provided by Westpac on their website are for foreign exchange transactions up to AUD100,000 and are subject to change without notice.
Lloyds TSB
As a Lloyds TSB customer you can send money abroad online, in branch or by telephone.
The transfer charge you pay depends on the amount of money you send and how you send it:
Online
- less than £5,000 = £10
- £5,000 or over = £17.50
Branch and Telephone
- less than £5,000 = £20
- £5,000 or over = £35
XYLO Foreign Exchange
Foreign exchange payments – made easy
XYLO Foreign Exchange puts businesses in complete control of their foreign currency transactions. There’s no software to install which means you can access XYLO Foreign Exchange anywhere the internet is available. XYLO’s up-to-the-minute internet security and international money transfer technology, provided by Westpac Banking Corporation, ensures you can make and receive foreign exchange payments with complete peace of mind.
What can I do with XYLO Foreign Exchange?
- Use FX rates direct from the wholesale FX market
- Make and receive foreign currency payments (no minimum transaction)
- Book an FX rate to use immediately (Spot FX)
- Book an FX rate to use in the future (Forward FX)
- View your FX deals as they happen
- Check, settle, and authorise your FX deals online
- Search, export and print your payment history for the past 100 days
- Email settlement details to your beneficiaries
- Use your own bank account
- Access the latest FX & Economic Updates from Westpac’s Chief Economist
OzForex Prepaid Travel Card
Make your time overseas even more relaxing:
OzForex introduces the Prepaid Travel Card via BestExchangeRates
Enjoy the security, simplicity and convenience of a ‘one card, multiple currency’ capability on your travels while receiving great value with OzForex’s competitive foreign exchange rates.
Hold and lock in your exchange rates for multiple currencies including Australian Dollars and up to 8 other supported currencies including US Dollar, Euro, Great British Pound, New Zealand Dollar, Hong Kong Dollar, Canadian Dollar, Singapore Dollar and Japanese Yen all on the one card.
The OzForex Travel Card enables you to access your money wherever MasterCard® is accepted electronically – at over 32 million locations worldwide, including 1.9 million ATMs across more than 60 countries.
It’s never been easier to access your funds internationally!
Click here for information on the benefits of the OzForex Prepaid Travel Card.
Here is a snapshot of the benefits you can enjoy using the OzForex Prepaid Travel Card:
- Multiple currencies, one card
- Worldwide access
- Competitive exchange rates
- Easy to load using BPAY®
- Low fees
- Safe, Secure & Convenient
- 100% Online application
OzForex do not charge reload or card issuance fees, you simply pay a one-off flat AUD 15 fee on your initial load only.
Fees
|
Card issue fee |
|
Free |
|
First load fee |
|
AUD 15.00 from initial AUD load |
|
Card reload fee |
|
Free |
|
Transfer between currencies fee |
|
Free |
|
Monthly fee |
|
Free |
|
ATM withdrawal fee |
|
AUD 2.95 |
|
ATM balance enquiry fee |
|
AUD 1.00 |
|
Transaction fee for EFTPOS purchases in-store (domestic and international) |
|
Free |
|
Transaction fee for purchases online (domestic and international) |
|
Free |
|
International transaction fee where local currency is not available on Travel Card (currency conversion fee) |
|
3% of the amount of the transaction and any third party fees |
|
AustPost fee (only applicable if you fail our online verification and choose to verify yourself at the post office) |
|
AUD 25.00 from initial AUD load |
|
Call centre operator fee |
|
AUD 7.50 |
|
Card replacement fee |
|
AUD 35.00 |
Click here to Apply for the OzForex Prepaid Travel Card.
Australia Post
Australia Post sells 4 different types of foreign currency products :
Cash Passport Debit Cards, American Express GlobalTravel Cards, Foreign cash and American Express Travellers Cheques.
$0 commission is offered on all foreign currency purchases made online or from any of the 3,200 Australia Post retail outlets that offer these products.
St George Bank
The exchange rates provided by St George on their website are for foreign exchange transactions up to AUD50,000 and are subject to change without notice.
Travelex Australia
Travelex Australia
With over 1,100 stores worldwide, in over 25 countries, Travelex has a footprint that stretches far and wide. You may need travel money to shop in London or a take a gondola ride in Venice. Let Travelex try and help you with your travel money needs. Travelex have dedicated Customer Service Centers at numerous locations around the world making it more convenient for you to contact us.
Travelex Australia has stores conveniently located in most major airports, at selected travel agents, CBD locations, and suburban and key tourist areas.
The Travelex rates shown here are the Travelex online sell rates, note the rates available in-store may differ to those available for online purchase. The minimum online order amount is AUD250 and the maximum order amount is AUD5,000 (or foreign currency equivalent). Your order will be rounded up to the nearest available currency denomination based on the Australian dollar amount and the banknotes available to fulfill your order. For larger amounts please visit your local Travelex store.
Xoom
Xoom is an online international money transfer service that offers a secure and fast way to send money from either bank account or credit card from their website to friends and family in these countries:
| Argentina Australia Bolivia Brazil Canada Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador |
France Germany Guatemala Honduras India Ireland Italy Jamaica Mexico Netherlands Nicaragua Panama |
Peru Philippines Poland South Africa Spain United Kingdom Uruguay |
Recipients do not need a bank account or Internet connection to receive funds. Senders can fund their money transfer with a credit card, debit card or bank account.
Note the transfers must be made to Xoom in USD therefore the Xoom rate must be added to the Credit Card exchange rate which is typically 2.5%. The Xoom rates shown on BestExchangeRates take this double conversion into account.
Post Office
Citibank
The Citibank Australia rates are valid for all transactions (other than online transfers to a Citibank account overseas and transactions relating to the Citibank Traveller Account) up to the equivalent of AUD 20,000.
Rates applicable to online transfers to a Citibank account overseas are displayed prior to effecting a transfer. Rates applicable to transactions relating to the Citibank Traveller Account are displayed under Transaction Accounts.
All rates are subject to change without notice.
HSBC Bank
HSBC Australia has partnered with Travelex to provide foreign currency services in HSBC branches around Australia, so you can organise your currency needs while you bank. Travelex is the world’s largest retail foreign exchange operator and serves customers in over 1000 locations. With over 50 currencies available in branches and over 35 currencies available to buy online, Travelex is the first stop over on your travel itinerary.
At Travelex counters in HSBC branches you will have access to foreign currency, Travelex Cash Passport, Travellers Cheques and other travel money related products.
For overseas transfers HSBC charge 3% of the total amount of each transaction.
HSBC UK
Thing to know about ordering travel money online with HSBC UK :
- A £3.95 delivery charge applies to all online orders under £250
- Sterling Travellers Cheques incur a 1.5% handling fee
- Some less common currencies may take longer than 24 hours to deliver in which case we’ll inform you when you place your order
- Delivery to certain remote parts of the UK may take up to 3 working days
- You may be charged a cash advance fee by your card issuer. This will depend on the card issuer’s terms and conditions and you should refer to them for details
- You can place orders 24/7 online (subject to scheduled maintenance periods) but you can only arrange to have your currency delivered Monday to Friday excluding public holidays
- Travel money is provided in association with Travelex Currency Services Ltd
- This service is only available to residents of the UK (including Channel Islands)
HSBC Singapore – no information yet.
HSBC Hong Kong – no information yet.
HSBC China – no information yet.
American Express
AMEX Australia
American Express AU offers a wide range of card, travel and insurance products you can collect your order from over 3,000 Australia Post & American Express locations Australia wide.
