Transfer Money to India

Fast, low-cost, and secure online money transfers from Australia to India

ASIC regulatedAustralian owned

Exchange Rate 56.9957

ASIC regulatedAustralian owned

3 results
  • 56.9957
  • 54.9650
  • 53.6262

IMPORTANT: This table compares exchange rates only. Fees will apply and may depend on the amount you are sending overseas.

To calculate how much it will cost, simply get a quote.

How it works

Number one icon

Get a quote to send money to India

Number 2 icon

Set up an account with Wise

Number 3 icon

Confirm your details & pay for your transfer online

Wise logo

Wise as Our Featured Money Transfer Partner

Benefits: Wise offers a real exchange rate, commonly known as the mid-market rate, which is usually more favorable than traditional banks. The platform is designed for fast and transparent transactions, making it advantageous for those living abroad or traveling frequently.

Fees: Wise charges are low, transparent fees that are a small percentage of the transfer amount. These fees are clearly shown upfront.

Speed: Transfers in many popular currencies can be completed within one day, and Wise offers both same-day and instant transfers, depending on the country.

Security: The company is committed to high-security standards, including two-factor authentication (2FA) and encryption, to safeguard your funds and personal information.

Service Reach: Wise allows you to send, hold, and convert money in multiple currencies, offering account details in major currencies like GBP, EUR, USD, and AUD. This feature supports direct receipt of salaries, pension payments, and more.

Payment Options Offered by Wise

Bank Transfer

is generally the cheapest method for transfers. Although it may take longer than other methods, it provides the best value for your money.

Debit and Credit cards

offer a quicker transfer option. While debit cards are generally cheaper, credit cards might incur higher fees due to processing charges.

Apple Pay and Google Pay

These methods provide a convenient and fast way to fund transfers. However, when using a credit card through these services, be aware of possible additional charges by banks.

PISP

Allows direct bank transfers without leaving the Wise app, combining the cost-effectiveness of bank transfers with the convenience of direct debit.

SWIFT

While this method can fund transfers, it is usually more expensive and slower due to fees charged by intermediary banks.

Wise's approach to international money transfers significantly reduces costs and increases transparency, making it a great option for sending money overseas from Australia.

Alternative Money Transfer Companies

While Wise stands out for its service, it's important to consider all available options to ensure you find the perfect match for your international money transfer needs. Each service offers unique benefits, fees, and features that might be better suited to your financial requirements. Here are some trusted alternatives that also provide excellent money transfer solutions.

Revolut Logo

Revolut

Benefits: Revolut offers the ability to send money internationally using the real exchange rate, similar to Wise. This service is notably cheaper than traditional bank transfers. Additionally, the platform supports buying, selling, and managing cryptocurrencies directly within the app.

Fees: Revolut provides free international money transfers to bank accounts in over 130 countries using the interbank exchange rate. There are no fees for exchanges and transfers in 24 currencies within the app. However, fees may apply for instant or very fast transfers, especially if you are not on a premium plan.

Speed: Regular transfers can take up to two working days, but Revolut also offers an option for turbo transfers, which can be completed within one working day for those needing quicker transactions.

Security: Revolut applies modern security measures, including the ability to lock/unlock your card via the app and customizable spending limits, enhancing the safety of transactions and personal data.

Differences to Wise: More of a subscription based service with different tiers so it allows you to get a more personalized experience.

torfx logo

TorFX

Benefits: TorFX is recognized for offering fee-free international money transfers, providing excellent exchange rates, and ensuring a customer-first approach. The service is particularly notable for its no-transfer fee policy and the use of competitive exchange rates, which can be beneficial for large transfers like property purchases or corporate transactions.

Fees: TorFX charges no transfer fees, distinguishing it from many competitors. This can result in significant savings, especially on large amounts.

Speed: TorFX offers fast and flexible currency transfers. Customers can manage their transactions 24/7 via an online platform or mobile app, allowing for on-the-go management and ensuring quick processing times.

Security: The company strongly emphasizes security, offering secure transactions through advanced technology and providing personal account managers who monitor the market and guide customers through the transfer process to ensure safety and efficiency.

OFX logo

OFX Money Transfer Services

Benefits: OFX offers competitive exchange rates close to the mid-market rate and does not charge transfer fees, making it a cost-effective option for international money transfers. The service supports over 50 currencies, providing extensive global coverage for personal and business transfers.

Fees: OFX doesn't charge transfer fees, which can lead to significant savings, especially on large transfers. However, it's important to note that while OFX doesn't charge a transfer fee, it adds a margin on top of the mid-market exchange rate.

Speed: OFX provides fast transfer options, allowing customers to execute transactions swiftly. The processing times can vary depending on the transfer method, but they generally strive to complete transfers within 1-4 business days.

Security: OFX is regulated by multiple financial authorities globally, including ASIC and FinCEN. It employs advanced security measures to protect user data and financial transactions. The platform is designed to monitor transactions for suspicious activities, enhancing the overall security of the service.

XE

Benefits: XE offers international money transfers to over 170 countries in 60 currencies. Known for its low fees, especially for amounts below $500, XE provides a cost-effective solution for sending money globally. The service also allows for setting custom rate alerts, which can be particularly useful for getting the best possible exchange rates.

Fees: XE charges a $3 fee for transfers below $500. There is no fee for transfers above this amount, making it more economical for larger amounts. It's important to note that while there are no fees for larger transfers, XE does add a margin to the exchange rates offered.

Speed: Transfer speeds with XE can vary, typically within minutes to up to four working days, depending on the destination and transfer method. For the fastest service, card payments are recommended as they are processed almost instantly.

Security: XE is well-regarded for its security measures. The service uses advanced technology to ensure the safety of its users' funds and personal information, providing a reliable and secure environment for international money transfers.

Western Union Money Transfer Services

Benefits: Western Union is known for its extensive global network, making sending money to over 200 countries and territories possible. It's particularly convenient for sending money for cash pickup, with the option to transfer directly to bank accounts or mobile wallets. This flexibility makes it ideal for urgent transfers, which can be processed within minutes, depending on the chosen service and payment method.

Fees: Western Union's fees vary depending on the transfer method, amount, and destination. While it allows sending money online, via mobile app, or in-person at one of their agent locations, the costs can differ. Fees are typically higher for instant or cash pickup transfers than standard bank transfers. It's also important to note that Western Union makes money from currency exchange by adding a margin to the exchange rate.

Speed: The speed of the transfer can range from minutes to a few days, depending on the service selected and the destination. Instant transfers are available for higher fees, and they are particularly useful in emergencies or when fast delivery is essential.

Security: Western Union employs robust security measures to protect transactions and personal data. These include encryption and fraud prevention systems that help secure customers' funds and personal information.

FAQs

Updated: Posted on