How to send money overseas
Whether you need to send money to family living outside Australia, pay business suppliers or buy an overseas investment property, you might be wondering just how to transfer money overseas.The good news is, the process can be pretty simple as long as you start out on the right foot - the tricky part is finding the cheapest way to send money overseas, so you get more bang for your buck. But that’s where we come in.We’ve broken the process of transferring money internationally down into a few easy steps, to help you. In a nutshell, what you’ll need to do is:
Send money to China
According to the World Bank, China is one of the top receiving countries for international money transfers, with Australia being the biggest contributor. The number of Australians investing in Chinese businesses and property is on the rise and there also continues to be a large influx of Chinese people migrating to Australia.
Send money to Denmark
If you're buying property in Denmark, doing business over there, or have family and friends who live in the capital of Copenhagen, chances are there’ll come a time when you need to send money overseas. Whether it's a one-off transaction or a regular transfer, we’ll guide you with quick how-to tips to get you on your way. Take a moment to read about how an international money transfer to Denmark would work.
Send money to Europe
It has become increasingly common for Australians to send money overseas to Europe, whether for work or study. In fact, in 2019 alone, countries in the European Union received a combined total of $119 billion in remittances, according to the World Bank.
Send money to France
If you've got friends or family who have packed up their lives to move to France for work or their studies, you may find yourself needing to transfer them money.
Send money to Germany
Thanks to this modern world we live in, sending money to Germany is a relatively stress free and economical exercise. With advances in technology, there are many easy and convenient ways to transfer money and many purposes for sending funds to Germany such as:
Send money to Greece
Greece has slowly opened up its borders to fully vaccinated travellers from different parts of the world that can provide a negative COVID test. International money transfers have arguably become a more essential way than ever to support family and friends over there and for Aussies who are still struggling to get a flight home. The good news is, sending money to Greece can be done cheaply and conveniently with the right foreign exchange provider.
Send money to Hong Kong
There’s a huge community of expats living in Hong Kong, with around 100,000 Australians residing there. Australia’s business ties with Hong Kong are also profound, so there are plenty of reasons why we would need to make an international money transfer there. For instance, you may have to send money to Hong Kong in order to purchase goods and services for your business, or pay your overseas employees. Maybe you have relative living in Hong Kong and you want to send them a cash gift for their birthday.
Send money to India
The Indian community is one of the largest groups of permanent migrants in Australia, with more than 700,000 people making up Australia's population in 2020, according to the Australian Bureau of Statistics. With many Indian citizens moving to Australia, there are a range of personal reasons why people would need to send money overseas to India. These reasons would include:
Send money to Italy
Whether you’re sending emergency funds to your relatives in Rome, investing in a property in Florence, or paying a business supplier in Naples, there are many reasons why you might need to send money to Italy.