Highest remittance rate for converting pound to US Dollar is 1 GBP = 1.24 USD
Let your money jump high like kangaroos by transferring them at low cost! Yeah, the banking transfer era has gone now as many money transfer companies are offering low-cost, high exchange rate transfers when you want to send money to Australia. As we see the population of the UK, more than 28% of estimated residents there were born overseas and approximately 0.5 million people are from Australia. So, most of them working in the UK looks for transferring GBP to AUD to their families and friends at the best rates possible. Henceforth, here is the comparison of companies which offer you the “best way to send money to Australia”. Many of you also look for the “cheapest way to transfer money to Australia”, so here we are providing you with 7 companies which are the best and cheapest.
Please find the list of companies below in a sorted order which are providing the best money transfer services which offer the “safest way to send money to India” with the highest exchange rates and low fee.
International money transfer has been coming up with various cheap options as companies are continuously researching the market and people also want fee-free transfers. On the other hand, banks charge high fees and also offer low exchange rates for making a profit, as their primary service is providing banking solutions. Hence, money transfers are just a way of income for most of the banks while money transfer companies buy foreign currencies in bulk and pass all the savings to its customers. Few companies such as CurrencyFair uses peer-to-peer money transfer technology which also saves a lot of cost for people as well as companies. Therefore, it is advised to the users to transfer money through remittance companies rather than banks.
Many of the users also come to us with a question that “how long does a bank transfer from Australia to UK take”, then you must know that most of the banks take approximately 3-5 working days to transfer your money to the recipient. On the other hand, the money transfer companies can also transfer money instantly in hours through their express transfer option if you are transferring it for an emergency purpose. For this, you need to select the fast transfer option provided by the companies on the transaction page.
If you wish to send money in an emergency, TransferWise and WorldRemit provide fast transfers. WorldRemit also offers cash pickup services, so if you want to send money in the form of cash, you can use the services of WorldRemit.
Although, companies charge extra fees for transferring money faster and also on cash pickups, so if you are ready to pay some extra buck, you can use these services. Other than WorldRemit, Western Union and MoneyGram also offers the cash transfers but they charge high fees from customers.