Best International Money Transfers 2018

Congratulations to the winner’s of Mozo Experts Choice Awards for International Money Transfers 2018. Whether you’re a sending money internationally frequently to friends or family or making a large one-off purchase, saving money on your international transfer means more money in your pocket and the Mozo Experts Choice winners list is a great place to start your search.

Experts choice awards hero 2018

What are the Mozo Experts Choice Awards?

Now in their fifth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians. Mozo’s money experts compared 28 providers licensed to operate in Australia for the 2018 International Money Transfer Awards.

By starting your search here at Mozo you can quickly compare your IMT options, whether its for a one-off transfer or a regular overseas payment and know that no matter which option you choose, each listed provider here has been vetted by our Experts for delivering top value.

For details on how we crunched the numbers and determined the award winners see our methodology report.

International Money Transfer

Of the 28 international money transfer providers licensed to operate in Australia, here is the list of providers that made our 2018 Mozo Experts Choice Awards winners list.

CurrencyFair logo

International Money Transfer




1-2 days



CurrencyFair has been providing seamless international money transfers globally since 2010. Here in Australia it is regulated by and registered with ASIC.

InstaReM logo

International Money Transfer




1-2 days


$50 minimum

InstaReM is a leading digital cross border payments company. It was founded in Singapore in 2014, and has licenses and offices in Singapore, Australia, Malaysia, Hong Kong, India, USA, Canada and EU.

WorldFirst logo

International Money Transfer




0-2 days


$2,000 minimum

World First started in the UK in 2004 and has since expanded to Hong Kong, Singapore, Japan Australia and the USA. It is regulated by ASIC.

International Money Transfer Bank

12 banks were included in the awards analysis and for the third year in a row Citibank has taken out the Experts Choice Award for the best bank offering international money transfers.

Citi logo

International Money Transfer




1-2 days


$100,000 maximum

*Please note exchange rates for Citi are current at 2 May 2018. Please check the Citi website for current rates.

International Money Transfer Big 4 Bank

Of the Big 4 banks, ANZ offers personal users the best value international money transfers according to the analysis performed for the 2018 Mozo Experts Choice Awards.

ANZ logo

International Money Transfer




1-2 days


$25,000 maximum

Judging Criteria

Every day Mozo keeps track of thousands of products in banking, energy and insurance.

The Mozo Experts Choice Awards recognise international money transfer service providers that deliver exceptional value or benefits to consumers. Providers don’t pay to be in the running and we don’t play favourites. Our Judges base their decision on hard-nosed calculations of value, using Mozo’s extensive product database and research capacity.

Experts Choice Awards are awarded to the top 10% of products, up to a maximum of 10, that meet the selection criteria in each awards category.


How many international money transfer providers were compared for the Mozo Experts Choice Awards?

In total we compared 28 providers of international money transfer services that are licensed in Australia. Of these 28, 12 providers are banks, including the big four and the remaining are specialist foreign currency providers that operate in Australia.

Do the winners of Mozo Experts Choice Awards have the cheapest exchange rates for all currencies?

For the Experts Choice Awards we chose to compare the currencies that are the most commonly transferred by Mozo users. These include USD, GBP, EUR.

If you are transferring funds in a currency different to these, we recommend that you use our International Money Transfer comparison tool to do your own comparison of all provider’s rates.

Another factor to consider is that the rate you will get could also depend on the amount of money that you plan on transferring. Our analysis looked at quotes for $5,000 and $60,000. If your amount is more or less than this then your results might be different.

I’m new to overseas money transfers, where can I find additional information on how it works and the security of my money?

Here at Mozo, we’ve pulled together a whole resources section on international money transfers. This hub contains a range of guides, tips and case studies to help you become an expert on how they work and what you should look for when choosing an international money transfer provider.

Who are Mozo’s product experts?

Mozo has been researching and comparing financial products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 23 years in online financial comparison.

Where can I find more detail about the criteria used to judge the awards?

You can find details of the awards and the providers included in our analysis in our methodology report.

I work for a financial provider, how can I find out about promoting our award?

Please get in touch with us to discuss by emailing or phoning our advertising sales team on 02 9037 4368.