Transfer Money from Australia to USA / USA to Australia

Are you an Australian expat living in the USA? Maybe an American living in Australia? If so, you’ve probably found out the hard way how much it costs to transfer money to Australia from USA, or send money from Australia to USA.

Banks in both Australia and the US are notorious for charging high fees while offering the worst foreign exchange rates. You might end up paying more than USD20 for a tiny sub $500 international money transfer to USA. Which is why there has been a recent surge in the use of commercial foreign exchange firms. These money transfer companies can transfer your money at the best exchange rates and the fees they charge are minimal.

So you may ask then, how to transfer money from USA to Australia? Or, how to transfer money from Australia to USA bank account? Here, we detail some of the best reviewed non-bank FX firms that can assist you today.

Best Way to Transfer Money From Australia to USA

#1 Best Way to Transfer Money to USA from Australia
  • Industry Veteran and Leader
  • Offices in the USA
  • More than £35.5bn in Turnover
  • 9/10 Customers Worldwide are Happy with the Service
  • Regulated by FinCEN
  • Fully Functional Online Trading and Mobile App
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Since 1971

#2 Best Way to Transfer Money from USA to Australia
  • Publicly Traded Firm in ASX
  • Australian Born and Bred
  • Large Trading Volumes of $20bn Annually
  • 24/7 Customer Support
  • Offices in the USA
  • Regulated by FinCEN
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Since 2000

#3 Best Online Payment Platform
  • Trading $6+ bn Annually
  • 150,000+ Clients
  • Offices in the USA
  • Zero Fees from Everywhere
  • Large Private and Corporate Desk
  • Regulated by FinCEN
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Since 1996

Money transfer when buying property in the US

If you’re an Australian living in the US, then you’re not necessarily spending just on your day to day needs. There are great ways to make a passive income in American investments. Real estate is one of them. Real estate costs in the US have increased exponentially since the subprime meltdown in 2008. Investing in a prime location in Manhattan will cost you more than USD900,000. But that investment will turn in great profit. Rental fees in Manhattan should generate around USD4,000 every month. However, an investment of this size will require you to send regular transfers to the USA. And, if you’re still living in Australia, you’ll need to regularly transfer your profits back home. The problem is that, in order to transfer that money from AUD to USD through your bank, you’ll end up paying a staggering amount of approximately USD18,000! Independent money transfer companies, on the other hand, are likely to be the cheapest way to transfer money to USA and will offer you an exchange rate markup of around 0.5% or less for a transfer this big, meaning you will spend only USD4,500 in fees.

Investing in property in the USA and paying “bank-level” exchange rates could end up costing more money than it’s earning.

Australians in USA – a report

There are approximately 160,000 Australians living in the US. A large percentage of these expats live in the Northeast region. Around 40,000 live in Los Angeles, with a further 20,000 living in New York. Many Australians move to the US for entrepreneurial opportunities. The startup community in the US is more extensive than that in Australia. However, over the past few years, Australia’s tech startup community has been blowing up, whilst America’s is slowing down. Part of what makes it possible for Australians to move to the US is that the cost of living is significantly lower. Australia is one of the most expensive countries in the world to live in. Furthermore, many Australians feel somewhat isolated from the global community. America is at the forefront of Western culture, making it an attractive destination. Although getting a US Visa for business travel or tourism should not present too many problems, getting a permanent residence or work visas is notoriously difficult. It can be a very lengthy process, and Australians planning to apply should ensure they do so as early as possible. Also, entering the US with a criminal record, no matter how minor, will present a problem even for short trips.


Americans in Australia – a report

Conversely, many Americans are moving to Australia. While the cost of living is significantly higher, so is the minimum wage. However, if you work in a very senior role, you will probably earn more in the US (and pay much lower taxes). Welfare and public services, including public health, are far more freely available in Australia. While the US has been a hub for tech startups, Australia is fast becoming a popular startup destination. Getting a tourism or business visa in Australia is much easier than the converse. For those wishing to work in Australia on a more permanent basis, a range of options are provided. Applying to live in Australia as a permanent resident is far easier if you have a close relative who is a citizen.

 The AUD/USD pairing

The USD is the most traded currency in the world, while the AUD is the fifth most traded. The exchange rate from USD to AUD, and from the AUD to USD, has seen USD gain ground over AUD throughout the last 10 years. Having dropped to USD0.45 for 1 AUD in 2001, Aus to US dollars recovered to above USD0.96 in 2008. In 2010, the two currencies were equal for a few seconds and then recorded higher levels for Aus to USD for extended periods in 2011 (i.e. AUD 1 bought you more than USD 1). Nowadays, AUD 1 will get you roughly USD 0.71.


Over 160,000 Australian citizens are living in the US. For these Australians, as well as those wishing to invest in American real estate, money transfer fees and exchange rates are significant. With banks charging exorbitant rates, expats stand to lose high amounts of money. FX transfer firms charge far lower fees, making it more affordable to live in comfort as an expat. This is the reason why companies like OFX are the best way to send money to Australia from USA and most likely the cheapest way to send money to Australia from USA as well.

Citizens of the USA are also moving to Australia, especially considering the boom of startup tech companies in the country. With relative stability in the AUD/USD pairing, there should be no problems in transferring from one country to another, and working or investing can be very lucrative. This is why using a company like Moneycorp is the best way to send money from Australia to USA.

Our FX Company Recommendation:

Transfer regulations

There are no restrictions for sending money in and out of the USA. But every district has its own regulations and every FX firm has to be verified in their specific state. This means that for example, Moneycorp can only offer foreign exchange services in states like Florida, New Mexico, Indiana, Wisconsin and South Carolina. On the other hand, Currencies Direct can serve 90% of USA residents because it’s registered in almost all the US states. OFX is one of the very few money transfer companies that can onboard clients from all the states in the US.

It doesn’t matter what reason you’re looking to transfer money to USA from Australia, there are always better and cheaper solutions for your international money transfers. The same applies if you transfer money from USA to Australia. Forget about your local banks and start saving money when you send money abroad.

Finding the best company to send money to the USA is an easy task with! No need to scour the internet to find out how to send money to USA. Just scroll to the top of this page and look at the many options we have listed!

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