Send money to Australia

Wise offers the best AUD exchange rates for most corridors, typically within 0.5% of the mid-market rate. For USD-to-AUD, OFX is also competitive — particularly for amounts above $5,000. Remitly covers Australia for everyday amounts. AUD is a liquid major currency, so the rate difference between providers (typically 0.5–2%) is narrower than for emerging market currencies.

Wise typically delivers to Australian bank accounts within a few hours. Once cleared via SWIFT, Osko/NPP credits the recipient in under a minute. Standard SWIFT wires from traditional banks take 1–3 business days. PayID-enabled transfers arrive in near real time once the international leg is complete.

You need the recipient's BSB (6-digit Bank-State-Branch code) and Account Number. For PayID delivery, just the registered mobile number, email, or ABN. For SWIFT wires, the bank's SWIFT code is also needed: CBA (CTBAAU2S), Westpac (WPACAU2S), ANZ (ANZBAU3M), NAB (NATAAU3303). Australia does not use IBAN.

PayID is a payment alias introduced by the Australian Banking Association. You register your mobile number, email, or ABN with your bank and link it to your account. When someone sends money to your PayID, it routes to your linked account within seconds via Osko. Several international providers now deliver to a PayID directly, making it the fastest and simplest receiving method.

Australia has no gift tax. Personal remittances and gifts received from overseas are generally not taxable income in Australia. However, if you are an Australian tax resident receiving income from foreign employment, business, or investments, it may be assessable. The ATO (Australian Taxation Office) requires residents to declare worldwide income. Family support transfers are typically not assessable.