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Transfer money

Sending money from AUSTRALIA to CHINA

Data collected on: May 11, 2020
AUD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)sort descending
Total cost (AUD)Total cost (USD)
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.27
Percentage difference between market reference rate 0.65 and exchange rate charged 0.641.27
Total cost (%)sort descending
1.271.27
Total cost (AUD)Total cost (USD)
2.542.54
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.003.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.67
Total cost (%)sort descending
2.172.17
Total cost (AUD)Total cost (USD)
4.344.34
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.72
Total cost (%)sort descending
2.222.22
Total cost (AUD)Total cost (USD)
4.444.44
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.756.75
Exchange rate margin (%)
0.02
Percentage difference between market reference rate 4.62 and exchange rate charged 4.610.02
Total cost (%)sort descending
3.403.40
Total cost (AUD)Total cost (USD)
6.806.80
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.67
Total cost (%)sort descending
4.174.17
Total cost (AUD)Total cost (USD)
8.348.34
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 4.62 and exchange rate charged 4.600.31
Total cost (%)sort descending
4.314.31
Total cost (AUD)Total cost (USD)
8.628.62
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.67
Total cost (%)sort descending
5.675.67
Total cost (AUD)Total cost (USD)
11.3411.34
Firm
Money Chain Foreign Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
-1.50
Percentage difference between market reference rate 4.62 and exchange rate charged 4.68-1.50
Total cost (%)sort descending
7.507.50
Total cost (AUD)Total cost (USD)
15.0015.00
Firm
SUPAY
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.73
Total cost (%)sort descending
9.739.73
Total cost (AUD)Total cost (USD)
19.4619.46
Firm
Ceylon Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.0015.00
Exchange rate margin (%)
2.74
Percentage difference between market reference rate 4.62 and exchange rate charged 4.492.74
Total cost (%)sort descending
10.2410.24
Total cost (AUD)Total cost (USD)
20.4820.48
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
6.40
Percentage difference between market reference rate 4.62 and exchange rate charged 4.326.40
Total cost (%)sort descending
15.4015.40
Total cost (AUD)Total cost (USD)
30.8030.80
Firm
Bank of China
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
28.0028.00
Exchange rate margin (%)
3.91
Percentage difference between market reference rate 4.62 and exchange rate charged 4.443.91
Total cost (%)sort descending
17.9117.91
Total cost (AUD)Total cost (USD)
35.8235.82
Total Average Second Quarter
7.007.00
Total Average First Quarter
7.087.08
Total Average
Fee
11.2311.23
Exchange Rate Margin (%)
1.381.38
Total Cost Percent (%)
7.007.00
Total Cost (AUD) Total Cost (USD)
14.0014.00
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (AUD)Total cost (USD)
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.27
Percentage difference between market reference rate 0.65 and exchange rate charged 0.641.27
Total cost (%)
1.271.27
Total cost (AUD)Total cost (USD)
6.356.35
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.003.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.67
Total cost (%)
1.271.27
Total cost (AUD)Total cost (USD)
6.356.35
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.903.90
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.72
Total cost (%)
1.501.50
Total cost (AUD)Total cost (USD)
7.507.50
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
11.5111.51
Exchange rate margin (%)
0.02
Percentage difference between market reference rate 4.62 and exchange rate charged 4.610.02
Total cost (%)
2.322.32
Total cost (AUD)Total cost (USD)
11.6011.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.009.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.67
Total cost (%)
2.472.47
Total cost (AUD)Total cost (USD)
12.3512.35
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
16.0016.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 4.62 and exchange rate charged 4.600.31
Total cost (%)
3.513.51
Total cost (AUD)Total cost (USD)
17.5517.55
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.67
Total cost (%)
4.274.27
Total cost (AUD)Total cost (USD)
21.3521.35
Firm
Money Chain Foreign Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
-1.50
Percentage difference between market reference rate 4.62 and exchange rate charged 4.68-1.50
Total cost (%)
2.102.10
Total cost (AUD)Total cost (USD)
10.5010.50
Firm
SUPAY
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 4.62 and exchange rate charged 4.580.73
Total cost (%)
4.334.33
Total cost (AUD)Total cost (USD)
21.6521.65
Firm
Ceylon Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.0015.00
Exchange rate margin (%)
2.74
Percentage difference between market reference rate 4.62 and exchange rate charged 4.492.74
Total cost (%)
5.745.74
Total cost (AUD)Total cost (USD)
28.7028.70
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
6.40
Percentage difference between market reference rate 4.62 and exchange rate charged 4.326.40
Total cost (%)
10.0010.00
Total cost (AUD)Total cost (USD)
50.0050.00
Firm
Bank of China
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
28.0028.00
Exchange rate margin (%)
3.91
Percentage difference between market reference rate 4.62 and exchange rate charged 4.443.91
Total cost (%)
9.519.51
Total cost (AUD)Total cost (USD)
47.5547.55
Total Average Second Quarter
4.024.02
Total Average First Quarter
4.064.06
Total Average
Fee
13.2013.20
Exchange Rate Margin (%)
1.381.38
Total Cost Percent (%)
4.024.02
Total Cost (AUD) Total Cost (USD)
20.1220.12
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Least Costly Corridors To China
Least Costly Corridors From Australia
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