International money transfer resources

Send money to Europe

Article by Mozo

Well those fancy French crepes aren’t going to make themselves! What are you waiting for? Send your le tante some euros spontaneously, and she may even send you a classic French crepe in the post! Ok, maybe not ideal, but isn’t it nice that you have the freedom to convert Australian dollars to euros anywhere in the Euro Zone, any time you want?

If you’re looking for money options for travelling to anywhere in the Euro Zone, head to our travel money section.

Is doing an International Money Transfer online safe?

Not only is it safe, it’s fast. Using reputable finance establishments or money transfer agents online means that you could be on your way to transferring money to your aunt in France or wherever she resides in Europe.

Want the fastest and cheapest method of transferring cash to Europe? Then you’re in luck. Online IMT is not only safe, but transfers fast without costing the earth. What’s more, it’s conveniently available 24/7. Superb!

How do I actually transfer money to Europe online?

All you need is a few vital bits of important information, a computer, internet connection and confidence. Oh, and a fistful of Aussie cash to convert. Ok, so we don’t mean fistful of cash literally - you’re going to need an Australian bank account to start the transfer, and your recipient will also need a bank account in their name in the European country they reside in.

Remember, we’re talking euros here, so ask your European recipient which currency you need to convert money to. Not every country’s currency in Europe uses the euro. In saying that the euro may be accepted either way. But it’s always a good idea to double check which currency they’d prefer to receive their generous gift. (Doesn’t have to be a gift or a generous amount for that matter, it just sounds nice.)

What else do I need to know about online IMT to Europe?

Keep in mind, an IMT or an International Money Transfer is when you transfer money from one account to another, and does not include cheque, cash or travellers cheques into an account.

Actually knowing the person or third party you’re transferring money to is pretty important too. This saves you from scams and online robbery, so if you don’t know them, don’t transfer!

Converting Australian dollars to euros means you can transfer them anywhere in the Euro Zone. Italy? Belgium? Finland? France? Wherever you need to send money, an online IMT to the Europe is a safe and easy process, so give it a go.

Got a SWIFT/BIC code, IBAN number? Receiver's full name and residential address? This is the list of information you need to have handy before making your transfer in order for it to be successful.

You can use one of the following finance providers or money transfer agents to convert Australian dollars to euros and transfer them to whoever you like in the Euro Zone:


More than just money-keepers, banks offer credit, various other financial solutions, including loans, let you earn interest on your savings and help you transfer money from Australia to another.

Pros: Responsive and familiar names with generally good reputations.

Cons: With their mass of products and services, sometimes individual services get lost. So banks sometimes become less competitive with some services, charging higher transfer fees than other agents or financial providers when it comes to IMT. Not every bank lets you transfer money online, so may not suit the times you’re available to proceed with transfer if you’re obliged to transfer in person during business hours.

Foreign Exchange Specialist

Specialist FX or Foreign Exchange Specialists are IMT experts who help you from start to finish with your conversion from a myriad of currencies to transfer them where you like round the world. Most send to Europe on a regular basis so will likely offer you a discounted rate and fee compared to most other options.

Online IMT and foreign exchange providers like OFX are proud of the thorough service they provide, by simplifying the process with straightforward, safe online forms and procedures.

The good thing about them is that they have less business expenses which usually means the savings will get passed on to you, the customer. You may not be familiar with some of the names, but they are certainly as safe as the well-known IMT agents and banks. The other bonus is that you don’t have to transfer around the business hour clock, allowing you the freedom to pick and choose the time of your transfer, which means any time of the day or night.

Pros: Safe and fast and cheaper international money transfer.

Cons: Always double check there are no hidden fees before making an IMT transfer.

How do I send money to Europe?

It’s really up to you how you start the transfer process. Your options are: transferring in person at a bank or making a transfer yourself via an IMT agent website online.

Which ever direction you take, rest assured that they’re all pretty safe, tried and tested ways of transferring Australian currency to Europe. To save you time and energy, make sure you have BIC or SWIFT code for your recipient’s bank as well as their full name and address before making the transfer. That way you can be sure the transfer is made as smoothly as possible with very little or no hiccups!

Remember, online transfers are available 24/7 which means that there’s likely to be online help available round the clock too. Want to double check if the BIC or SWIFT code is correct? That’s easy. Log onto to see.

What happens when you transfer money to Europe?

  • Decide on how much money you will transfer
  • Provide your ID to transfer money
  • A fee may be charged to handle the transfer
  • A percentage of the amount transferred may be charged on top as an additional fee
  • A SWIFT code may be required to identify your recipient’s bank location in the Europe
  • Recipient will need to provide ID to receive money
  • Money should be received from 1-3 days.

I’m not sure if I’ll be making regular or a one-off transfer?

That's ok. You don’t have to make a decision about the frequency in the early stages. However, if it becomes a regular activity for you, you may want to do a little more research and comparisons to make sure you're getting the best deal out there.

As you know by now, Mozo truly enjoys giving you the best information about money matters that affect you and the people around you. We remain neutral in the sea of options, and that includes international money transfers.

When comparing money transfer agents for Europe - what should I look out for?

It’s not about what we think. We like everybody! Almost. In the end, everyone has something unique to offer the customer (you). Financial providers are trying to stand out from the crowd of many to offer you something a little more special, like a unique selling proposition. We’ve done a little little as to how to best amplify the differences between IMT agents that may even help you save money in the long run:

  • Limits: You’ll find that some banks or money transfer agents have high minimum transfers, others have $0 and everything in between. So if you don’t want to transfer the required amount, you don’t have to. Have a look around to get an overview of what service will support your budget and how much you want to transfer.
  • Rates: It’s probably obvious, but money transfer agents make their income with the rates and fees they charge you. So depending on the structure of the business you employ to help you transfer money to Europe will determine the rate and fees you may get charged.
  • Transfer speed: IMT agent do their best to transfer money to your desired European destination as quickly as they can. But it may not always be the timing that you or your recipient prefer. Either instil a little patience, or choose a prover that will ensure your transfer is made in a timely manner.
  • Fees: Each financial institution, bank or IMT agent will have a different fee structure and conversion rate for the currency you want to transfer your Australian dollars over. In this instance it’s in euros. It’s not a standardised industry so there’s not one set fee or rate charged for an IMT. Look around and secure a rate and fee that best works for you.
  • Online vs phone or in person: Shopping, banking and researching online are just some of the things that Mozo can list about being uber convenient way to do things. Can you imagine life without technology? Didn’t think so. The best thing about making an international money transfer online is that there are no queues, there are no parking meters or parking tickets if your transfer in person takes too long with various distractions that are normal for a walk-in business, and there is unlimited time to make your transfer. In fact you have 24/7.

How do I set up an international money transfer?

Firstly, you need to decide which direction you will take - online, in person or over the phone?

Working this out first, will determine your best next steps.

  • Will you be logging on to your online bank account or app?
  • Visiting a branch?
  • Filling out a form online?

Whichever way you choose to transfer money to the Europe, some crucial bits of information you’ll need for a successful transfer include:

  • Full name and address of the recipient’s bank
  • Recipient's name, address and account name
  • Account number or International Bank Account Number (IBAN)
  • SWIFT/BIC code of your personal account you're transferring funds from
  • Amount you would like to send.

IMT must-know terminology

BIC - Bank Identification Code

SWIFT - Society for Worldwide Interbank Financial Telecommunication

IBAN - International bank account number

Recipient - The person or party who receives the money being transferred

IMT - International money transfer

IMO - International money order.

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