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International Money Transfers Awards 2020

Congratulations to the 2020 winners of Mozo Experts Choice Awards for International Money Transfers. For this year’s awards, our Mozo’s experts compared 30 money transfer platforms to help you find the best value providers that keep more money in your pocket when transferring funds overseas. Whether you need to transfer money to family and friends internationally or make a significant purchase abroad, begin your search right here with our winners list for 2020.

What are the Mozo Experts Choice Awards?

Now in their seventh year, the Mozo Experts Choice Awards are a place where we highlight the products out in the market that we believe offer great value to Australians.

For the 2020 IMT awards, we analysed 30 international money transfer providers.

“As we found from our analysis for this year’s awards, costs for transferring money overseas can vary dramatically not only between banks and money transfer providers, but also between currencies.” said Peter Marshall, Mozo Experts Choice Awards judge.

“This is why our winners list makes a great starting point for anyone wanting to transfer money across borders this year. Of the 30 providers rates and fees analysed these IMT providers topped our list for overall best value and are deserved winners of a 2020 Mozo Experts Choice Award.”

For details on how we crunched the numbers and determined our winners see our 2020 Mozo Experts Choice Awards IMT methodology report.

 

International Money Transfer
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Using various transfer amounts across multiple currencies, over a series of dates, we found these international money transfer services to offer the most competitive rates and fees.

International Money Transfer - Bank
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For those that prefer the reputation of an established banking institution, we found this banking provider to offer the leading international money transfer service.

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Frequently Asked Questions
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What’s the Judging Criteria for the awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to Australian consumers.

See our methodology report for more detailed information on how we performed product comparisons and determined the final winners for the IMT awards for 2020.

 

Did you compare all International Money Transfer providers in the market for these awards?

We​ ​aim​ ​to​ ​include​ ​most​ international money transfer ​providers​ ​in​ ​the​ ​market​ ​in​ ​the​ ​Mozo Experts​ ​Choice​ ​Awards.​ ​However,​ ​not all​ IMT services ​in​ ​the market​ ​will​ ​be​ ​included​ ​in​ ​our​ ​review. Any​ IMT product​ ​we​ ​review​ ​must​ ​be​ ​available​​ ​at the​ ​time​ ​of​ ​our​ ​analysis​ ​and​ ​any​ ​offers​ ​included​, ​must​ ​be​ ​available​ ​to​ ​the general​ ​public​ ​on​ ​the​ ​provider’s​ ​website.

For the 2020 Awards, 30 providers of international money transfer services in Australia including banks and foreign exchange specialists were compared head to head. The full list of providers can be found in our 2020 Mozo Experts Choice IMT Awards methodology report. 

 

Who are the Mozo experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director. He is a data scientist and actuary, and has worked in financial services and product comparison for over 30 years. Peter has been in the finance industry even longer, and as Research Manager leads the team of analysts that gather information and compare products every day for mozo.com.au, and perform the analysis behind the Mozo Experts Choice Awards.

 

I work for an IMT platform, how do we promote our win?

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