Once you have an account, they can store your information to make subsequent transfers easier. This is an online service only, with no agencies to visit or phone transfers. To make a money transfer, you will first be prompted to choose your destination country and then the type of money transfer you are making. You will then be asked for the amount. Here you have the option of choosing how much you want to make it to the destination, or how much you wish to spend in Australian dollars. In either case they will clearly show you the total cost of the transaction including fees.
You can either pay for the transaction using your own bank account or with a debit or credit card. Cash pick ups and mobile transfers will take place almost instantly, while bank transfers will take anywhere from two to three days. Please allow up to one to three days for the funds to appear in your account. They will provide your recipient with a transaction number and directions of how they can collect the funds. Additionally, you will also receive an SMS on your phone that will notify you once your beneficiary has received the money. You should also take a look at the chart below which illustrates how the exchange rates compare to those of other money transfer services. Again understand that these rates are subject to market fluctuations and only reflect the rates current on the 4th of April, 2016.
They will vary depending on the country you are sending to, and in some cases, the amount you are sending. Below is a snapshot of the fees charged for sending money from Australia to China. This allows you to take care of obligations in other countries no matter how small. For example, even though El Salvador is listed, when you begin the transaction you are only given the option of recharging mobile phone credit.
This is in contrast to other countries, such as New Zealand, where users are allowed to send money via a bank transfer. There are countries who do not appear on the list at all. This can be due to a range of factors: Afghanistan, Iran, Iraq, Kuwait, Lebanon, North Korea, Syria, Vietnam and Belize. Puts the funds straight into a foreign bank account of your choice. Is used for a recipient to pick up the money in person. This is not yet available in many locations, but for those where it’s an option, the point of pick up will be listed for the sender to share with the recipient. An instant service that sends money directly to an individual’s mobile wallet.