How to Send Money to Australia from Canada?
Discover how to get more Australian dollars compared to your bank when sending money from Canada to Australia.
Businesses that transfer money to Australia from Canada can avoid the sting of high fees by using a specialist money transfer service.
Many Canadian businesses regularly purchase agricultural goods, chemicals, plastics, metals, medical goods, machinery, and other services from Australian suppliers. There are also numerous Canadian investments in Australia that require businesses to transfer funds to The Land Down Under.
However, when making transfers via banks, the exchange rates are typically 3-5% higher, not to mention the costly bank charges and long transfer times.
Fortunately, there’s a way to get more Australian dollars compared to the bank when you transfer money from Canada to Australia. Read on to discover the best money transfer service you can use to access competitive exchange rates.
Read on to discover the best money transfer service you can use to access competitive exchange rates and transfer money from Canada to Australia.
What is the Best Way to Send Money to Australia from Canada?
International bank transfers have been around for a while. Transferring funds through your regular bank is convenient but it comes with several downsides. For instance, the cost of transferring funds via banks can be quite high. Apart from that, banks also take about three to five days to process a transfer. In today’s world, where everyone expects everything to be lightning-fast, three days is a long time to wait for the funds to get to its destination. In fact, this can actually get in the way of the smooth running of your business.
On the other hand, a speedy and efficient foreign exchange and global payments service like MFTX can speed things up and help you stay on top of business operations. Here are the pros you need to know about:
- Better exchange rates are guaranteed. MTFX offers some of the most competitive rates you can find. At 3-5% lower than local banks, you get amazing savings. For instance, you can save up to 1900usd (or 5%) when sending 50,000 CAD.
- Get more value for your money. Not only will you get the best transparent fees, but you will also get fast transfers at the best rates online.
- Much lower transfer costs. MTFX offers very competitive rates. You can save thousands of dollars each year when sending money overseas.
- Fast turnaround times. There’s no need to wait for up to five days for your transfer to go through. Your beneficiaries in Australia will receive the amount within 24-48 hours.
Where is the AUD/CAD Exchange Rate Heading?
In the past year, the AUD has been sent lower against the CAD. This is largely due to two large influences over the AUD - commodity prices and interest rates. The strength and weaknesses of the AUD have also been impacted by the value of the CAD. Since the Canadian dollar keeps getting stronger in its own right, it’s highly likely that the AUD to CAD exchange rate will fall.
What is the AUD/ CAD Trend?
For more insight on the AUD/CAD trends and exchange rate forecast, you can check out the AUD/CAD currency charts. You will notice that since 2012, the AUD/CAD FX pair has been falling.
What are the Benefits of Using MTFX to Transfer Money from Canada to Australia?
There are quite a few reasons why you might end up choosing MTFX instead of international bank transfers.
- Generally, when you are sending money, you want there to not be too much of a gap between the money that you pay and the amount received by your beneficiary. With MTFX, you get this and much more.
- Not only will you save money, but you will also enjoy speedier transfers and friendly, 24/7 customer support.
- MTFX is one of the most efficient services you can use to send money to Australia from Canada.
- Your beneficiary will be able to cash out within 24 hours. To top it off, you will also get free access to a personal account manager so you can enjoy an error-free send-money process.
- Security is always a concern when sending your funds. Fortunately, MTFX is a secure platform, so your money will be safe, and it will get to its destination intact.
What Bank Details are Needed to Transfer Money to Australia from Canada?
When sending money to Australia from Canada, here are the details you will need:
- Your beneficiary’s name, address, and account number
- Name and address of the bank
- Bank Swift code
- Reason for transfer
Send Money from Canada to Australia Today
Do you need to send money to your family, or do you need to complete a business transaction? Whatever your reason for wanting to transfer money from Canada to Australia, you can get better value for your funds when you use MTFX.
How efficient is MTFX? This service has a super-fast turnaround, and you can set up multiple transfers. Whether you want to transfer Canadian dollars for supplier payments, orders, property purchases, monthly rentals, or mortgage payments, MTFX has you covered.
Create a business account with MTFX online today to send money from Canada to Australia at the cheapest exchange rates with the highest convenience.
Frequently Asked Questions
How long does it take to transfer money to Australia from Canada?
Money transfers with MTFX can typically take 1-2 business days for processing with no limit. Additionally, with live exchange rates so you can be sure that you get the best deal possible when sending your money.
How do I transfer money online to Australia?
When transferring funds online to Australia is a simple and straightforward process.
- Set up your account. Once your account is set up, you can log in.
- Enter the required details of the recipient, including name and address. Then you'll need to choose the amount you'd like to send and select the currency you’ll be using.
- The final step is simply waiting for confirmation that your funds have been received by your recipient.
Is it safe to send money to Australia online?
Yes, you can trust MTFX to send money to Australia online safely, as they are registered and regulated by FINTRAC.
Is there a limit to transferring money to Australia online?
Sending money to Australia has no limit. No matter how much you need to send, MTFX offers a secure and reliable platform for transferring funds quickly and safely.
Popular Countries to send money to from Canada;
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