Transfer Money to the United Kingdom From Australia

You’ll need your recipient’s International Bank Account Number (IBAN) and Bank Code (BIC/SWIFT). We do not need your recipient’s email address or recipient’s phone number.

Yes, sending money to the United Kingdom with OFX is secure. The platform uses bank-level encryption, secure logins, and transaction monitoring to protect your funds and personal information. Additionally, OFX is a regulated financial institution, giving you peace of mind that your money is in safe hands.

Delivery speeds from Australia to the United Kingdom using OFX take between one and two business days, depending on the currency, transfer method, and recipient bank. Large transfers may require additional verification, which could add a little extra time, but OFX keeps you informed throughout the process.

Transfers using credit or debit cards tend to be the fastest delivery method for sending money compared to bank transfers, often arriving at your destination country in one business day.

The best method depends on your priorities. If cost is the main concern, bank transfers are ideal. If speed is essential, credit or debit cards can provide faster delivery times. OFX combines competitive exchange rates with secure, reliable transfers, ensuring your money reaches the recipient safely and efficiently, regardless of the method you choose.

With OFX, there are no strict minimum or maximum limits for personal transfers, although the banks may double-check certain larger amounts. This flexibility makes it easy to send anything from a few hundred dollars for personal expenses to tens of thousands for tuition, property, or business purposes.

The most cost-effective way to transfer money to the UK is usually via an online banking transfer using OFX. Unlike traditional banks, OFX applies a small, transparent margin on the exchange rate instead of charging high hidden fees.

If you’re looking to send money to the United Kingdom or make any international transfers, OFX is your most reliable choice.

To begin, you’ll need to create a free account with OFX, or log in if you already have one. Once logged in, you can request a live quote for your transfer, which shows exactly how much your recipient will receive after fees and currency conversion.

Next, gather all necessary banking information for your recipient. Once your payment details are entered, you can specify the amount you wish to send. OFX will automatically calculate the converted amount in British pounds, factoring in their transparent fee structure.

According to OFX, Spot rates are the current exchange rates at which specific currencies can be bought or sold on currency exchange markets. Spot rates fluctuate by the second.

It’s also known as the ‘interbank’, ‘wholesale’, ‘mid-market’ or ‘live’ rate. It’s also the rate that S Money offers for foreign currency in Australia.

Sending money to the UK online is generally more cost-effective. Money changers with a retail store have to pay for rent, staff, and insurance, with you covering the cost of these additional third-party charges. Online money transfer providers don’t have these large costs, making it easier to provide better exchange rates and lower fees when you send money. Some stores may also have limited currency availability.

In most cases, it is cheaper to buy your foreign currency at home in Australia before you head overseas, but there are some important exceptions. It’s cheaper to convert Australian dollars into foreign currency if you are travelling to Singapore, Bali, Thailand or Hong Kong.

Unlike booking flights, there is no ‘best day to buy’. Movement in foreign exchange rates depends on the global demand and supply of goods and services, as well as political and economic factors. So if you’re planning to send money to the UK, now is the best time!

No, you should not send money through your bank. Compared to OFX, local banks typically have more expensive rates and transfer fees. This is because they pass on the cost of using a physical storefront to you.
You will also be charged with a ‘lazy tax’. This is when you don’t know or can’t be bothered to look around for a better cost. The rates offered by banks for foreign currency are closer to the exchange rates listed by the RBA than the rate on Google.

If you need to send money in person, you can head to a money changer near you. Here are our local city guides to find the best exchange rate:

• Sydney – The best rates and competitive transfer fees in Sydney are found on Pitt Street, George Street or occasionally in Haymarket.
• Melbourne – Money changers are located near Flinders Street Station in Melbourne, with the exception of United Currency in QV.
• Adelaide – Most money transfer locations in Adelaide are located on King William Street.
  Perth – You can send money through Ria Money Transfer, located in Morley, and Hai Ha Money Transfer in Girrawheen.
• Brisbane – All the best places to send money internationally are located in the CBD, although they are spread out.