International money transfer resources

Send money to France

Article by Mozo

You can’t blame any friends or family who have packed up their lives to move to France, be it for pleasure, studies or business purposes. Who wouldn’t want to live in a country with a rich cultural history, delicious cheese and wine and speak the language of love!

As jealous as you may be of any friend or relative living in France, you never know when you might find yourself in a position needing to transfer them money. You may want to send money as a gift, fund tuition fees or help pay for a medical emergency. One day the tables might turn and you need to transfer money for an investment property you’ve purchased in the French Riviera and plan on living in once you’ve retired! Whatever the reasons, business or personal, making an international money transfer to France can be done safely, securely and economically through a foreign exchange specialist.

If you’re actually planning on travelling to France for a holiday or business trip, this guide isn’t for you - head over to our travel money section where you can compare everything from prepaid travel cards, exchange rates, holiday insurance to overseas debit card fees and travel credit cards.

How does a money transfer work?

When it comes to finance, some aspects can be quite complex and confusing to say the least! There’s good news though, you don’t need to be a finance guru to make an international money transfer to France, it’s is a fairly straightforward process. Here’s how your Australian dollars transfer to Euros:

  • Register and set up an account with a bank or foreign exchange provider such as OFX, CurrencyFair or TorFx
  • Decide how many Aussie dollars you want to transfer or how many Euros you want your recipient to receive
  • Confirm and make sure you are happy with the exchange rate and costs associated with the transfer
  • Provide details of the recipient including their name and bank details
  • Book the transaction and pay the agreed amount for the transfer; this is usually done by electronic transfer
  • Once the provider has received the funds, they will send the money electronically to your recipient in France.

Ways to send money to France from Australia

There are a range of services you can use to convert your Australian dollars into Euros – banks, foreign exchange specialist and standard wire transfer. The way that works best for you will depend on the amount of money you are dealing with and how frequently you need to make transactions.

  • Banks: Most major Australian banks allow you to convert and send money to France. However, banks usually offer a poor exchange rate and charge high conversion fees compared to specialist international money transfer providers. If you decide to go with your bank, the money will be debited from your account and transferred to the designated account in France.
  • Foreign exchange specialist: This is a great option for individuals and businesses that make regular money transfers to France. International money transfer providers offer an attractive exchange rate and lower fees than the banks, saving you hundreds if not thousands of dollars each year. If you set up an account with a foreign exchange specialist, money will be transferred from your everyday bank account to the account you have created with them and then it will be transferred to the recipient in France. There are three main foreign exchange providers in Australia – OFX, TorFx and World First.
  • Standard wire transfer: This is a fast and easily accessible way of transferring funds from one person or entity to another. A wire transfer can be made from one bank account to another or through a transfer of cash at a branch. Western Union is one of the world’s biggest money transfer companies, with around 500,000 agent locations around the world. A recipient can access the funds within minutes of a wire transfer, including picking up the cash in person. The exchange rate generally isn’t as good as a bank or foreign exchange specialist.

Before booking a transaction make sure you’ve compared the day’s best exchange rates right here!

Features to look for when choosing a foreign exchange provider?

  • Rate: First and foremost is the exchange rate the provider is offering. Take the time to compare and calculate how many Euros you’ll receive for your Aussie dollar. A few cents difference in the exchange rate could save you thousands of dollars. Make sure you compare quotes with Mozo!
  • Fees: Make sure you read the fine print, banks and foreign exchange specialists have a fee for converting your money, you may also be hit with a sending and receiving fee.
  • Transfer options: In this day and age there are plenty of methods for transferring money overseas these include; online, on the phone, in person or even via an app.
  • Transfer speed: How quickly will the recipient in France have access to the funds? Minutes or days? The speed of the transfer will depend on which provider you go with.
  • Transfer limits: A lot of providers have a minimum and maximum amount you can transfer.
  • Pickup methods: The usual method is by electronic funds transfer but in some services allow the recipient to pick up cash from a branch.

Make sure you do a thorough comparison of several providers to make sure you get value for money when sending funds to France. Click here to save and compare international money transfers.

Making a one off transfer to France


Mr and Mrs Jones have always had a love for France and have dreamed of owning a property in Bordeaux, amongst the vineyards! After years of savings, they finally have enough money to turn their dream into reality. They’re very close to purchasing a property but first the Jones’ want to do some research as to the best way to transfer the deposit to France.

As the deposit is a large sum of money and the transfer is a one off, Mr and Mrs Jones learn that they will save a lot of money by opening up an account with a foreign exchange specialist to send the money. This way they’ll secure a great exchange rate with low fees and won’t lose half the deposit at sea during the transfer. Their bank in Australia was going to offer a poor exchange rate and charge exorbitant fees for a one off transfer.

For one off transfers under around $200, PayPal is a fast, reliable and efficient way of sending money. Both the sender and receiver need a PayPal account in order for this transfer to happen. For small amounts it may also be convenient to just use your local bank. Remember though, banks don’t offer a very attractive exchange rate

Making regular money transfers to France


As part of Jessica’s final year of her international studies degree she has chosen to study abroad in Paris. Too busy to uphold a part time job while studying, Jessica requires regular pocket money for living expenses and additional university costs while she’s in Paris. Her parents back in Australia have been kind enough to support her by sending money to France every fortnight. After doing some research, Jessica’s parents couldn’t look past a foreign exchange specialist to make the regular money transfers to France. These providers will save you time and more importantly money. They’re also likely to offer you flexible options to accommodate your needs.

Make sure you read our guide on the common mistakes made when moving cash overseas.

Information you’ll need to make an international money transfer to France

  • Personal details including name, address, date of birth, phone number
  • You’ll have to provide your driver’s licence, Medicare card or passport number
  • Details of the account where the transfer money will be deposited from
  • Full name and address of the recipient’s bank
  • Recipient’s name, address and account number
  • SWIFT/BIC Code (an 8 or 11 digit code that identifies banks around the world)
  • The amount and currency you wish to send
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