There are several options available to transfer money from Australia to the USA, including traditional banks, money transfer services, crypto transfers, and more.
In this article, we’ll break down a wide range of options, including opening with international institutions to facilitate direct USD transfers.
Feel free to use the table of contents to jump ahead to any sections that are immediately relevant to your search.
Table of Contents
- How to Transfer Money From Australia to USA
- Reasons Why You Might Send Money to the United States
- Frequently Asked Questions
- Ready to Explore Your Options
How to Transfer Money From Australia to USA
There are several options available to transfer money from Australia to the USA, including traditional banks, money transfer services, crypto transfers, and more. We’ll discuss some of the most popular options below, along with a bonus option that you may not have thought was possible.
Money Transfer Services
There are a wide range of money transfer services available, ranging from online platforms to more traditional money transfer businesses with brick-and-mortar locations.
In either case, the most important variables to consider when choosing a money transfer service include the cost of sending transfers, the security of the transfer, and how long it can take for the transfer to arrive.
With this in mind, many online money transfer services offer the best solution when considering cost, security, and time. And, they are often more convenient as they don’t require you to visit a physical location.
International Money Transfer Through a Bank
In most cases, when choosing how to transfer money from Australia to the USA individuals choose the most straightforward option, which is to send an international money transfer through their existing bank account.
That said, international transfers through a traditional bank can be expensive and can take longer to process than transfers through a money service business. With this in mind, it’s important to confirm the related fees that your transfer will incur. Additionally, if you require a timely transfer, you should confirm how long the transfer will likely take.
Open a USD Bank Account in USA or Offshore
One alternative that most people don’t even realize is possible is to open an international bank account that can facilitate direct USD-to-USD transfers. This might include opening an offshore bank account that is denominated in USD or opening a bank account in the United States.
In fact, it is entirely impossible for Australians to open US bank accounts 100% remotely with reasonable deposits. This includes opening accounts with FDIC-insured US banks, not digital banks or fintech platforms.
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Reasons Why You Might Send Money to the United States
There is a wide range of reasons to send money to the United States from Australia, including:
Reasons to Send Money to the United States:
- Access a wider variety of financial services
- US specific investments
- Finance the purchase of US real estate
- Deposit funds with strong banks in USD
- Finance living expenses for children attending University
Of course, each person has their own reasons for wanting to send money to the United States. But, in most cases, the method that they choose will include one of the options we’ve outlined above.
Frequently Asked Questions
Below are three of the most common questions that we receive from people looking to transfer money from Australia to the USA. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
How Long Does a Bank Transfer Take From Australia to the USA?
The time it can take for a bank transfer to arrive in the USA from Australia will typically vary between one to three working days. That said, due to the time difference, the day of the week when the transfer is sent, and differences in bank holiday schedules, this could extend to five to seven days. With this in mind, if you need a transfer to arrive within a certain period of time, it may be worth discussing faster transfer options with your sending bank.
What Is the Best Way to Transfer Money to the USA?
The best way to transfer money to the USA depends on whether you are prioritizing speed, cost, or security. For example, certain transfer options can allow for the instantaneous transfer, but they may be less secure and more costly than traditional bank networks like SWIFT. On the other hand, traditional bank transfers may take more time to arrive, but they are often lower cost and more secure.
What Money Transfer Companies Are Best to Send Money From Australia to the United States?
The money transfer companies that are best to send money from Australia to the United States depend on what you are prioritizing. As mentioned above, different options facilitate faster transfers while others are slower but lower cost. With this in mind, be sure to consider all of the variables when choosing which money transfer companies best match your priorities.
Ready to Explore Your Options?
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