When it comes to sending money internationally Australians have a lot of choice, from day to day banking institutions to specialist service providers that deal with foreign currency exchange 24/7. This means that finding a provider that is going to make transferring money easy as well as cost effective for you, is vital.
“Whether you are sending money internationally regularly to friends or family or you just want to make a single one off transaction, getting value for money on the exchange rate and fees that you pay can mean a big difference to your bank account balance,” said Peter Marshall, Mozo People’s Choice Awards adjudicator.
“There were six award categories for international money transfers in this year’s Mozo People’s Choice Awards ranging from value for money to transfer speed. And of the 62 providers up for contention, according to its customers Wise outshone the rest.”
For more details read our methodology report.