Would you like to start sending money to Australia? We’re here to talk you through the process, ensuring that you have all of the information that you need to transfer your funds in a secure, hassle-free manner. As you’ll see, setting up a Moneycorp account is quick and straightforward. Once you’ve done this, you’ll be able to send your money down under; we’ll convert your pounds to Australian dollars at a competitive rate. We also have the answers to any questions that you might have about how to send money to Australia from the UK.
You can sign up online or over the phone for either a personal or business account with Moneycorp.
Set up a payment to Australia
After you’ve added a new recipient or chosen from a list of your existing recipients, you’ll need to specify how much you’d like to transfer to Australia.
Common questions about sending money to Australia
How long will a payment to Australia take?
We process payments to Australia within 1-2 working days. You can rest assured knowing that your money will arrive on time when you partner with Moneycorp.
How much does it cost to send money to Australia?
We offer fee-free online international transfers to Australia, which means that you’ll benefit from our competitive exchange rates without having to worry about any additional costs. You will only incur fees when making online money transfers if you decide to automate your recurring payments with a Regular Payment Plan.
What information do I need for a bank transfer to Australia?
What is a BSB code?
A BSB code, or Bank-State-Branch number, is a code that identifies the individual branches of Australian financial institutions. BSB codes enable banks and financial institutions to identify the recipient of bank transfers to Australia, and so they can be thought of as the Australian equivalent of sort codes in the UK and routing numbers in the United States. Both a BSB and an account number will need to be provided to transfer money to Australia.
What does a BSB code look like?
BSBs are six-digit sort codes. The format of a BSB code is as follows:
- 2 digit code – this represents the bank
- 1 digit code – this relates to the state in which the bank branch is located
- 3 digit code – this relates to the specific branch
Example of a BSB number in the standardised format:
Is there a limit on how much money I can send to Australia?
There is an upper limit of £100,000 on personal transfers that can be made through our online platform to Australia. Transfers made over the phone, on the other hand, have no upper limit, and so you will need to contact your Moneycorp account manager by telephone to make larger payments from the UK to Australia.
Can I send money to all Australian banks through my Moneycorp account?
With Moneycorp, you can make payments to a wide range of popular banks in Australia, including but not limited to:
- National Australian Bank (NAB)
- Commonwealth Bank
- Australia and New Zealand Banking Group (ANZ)
- Westpac Bank
- Bank of Queensland
- Macquarie Bank
- Bendigo Bank
- AMP Bank Ltd
It doesn't necessarily mean that we're unable to make your payment if your bank is not included on this list. Please get in touch to find out how we can help.
What is the current GBP to AUD exchange rate?
At the beginning of 2023, the British Pound to Australian dollar exchange rate was 1.76. As with all exchange rates, however, this rate is subject to constant change. Use our Currency Zone to stay up to date with the British Pound to Australian dollar exchange rate.