If you need to send money to Australia, then you’re in the right place. We’ve got an amazing online system to make the process cheaper, faster and easier.

Send money to Australia in 3 easy steps

Reduce costs when sending money to a bank account in Australia. It’s simple. Here’s how it works.


FX Paymaster has been providing excellent international payment services for over six years.

Everything you need to know about transferring money to Australia


How much does it cost to transfer money to Australia from South Africa?

Our Personal clients enjoy a fixed margin of 0.75% which is included in the exchange rate, and only pay R 250 in transfer fees. There are no hidden fees or commission.


What is the best way to send money to Australia?

The best way to send money to Australia is online with FX Paymaster. We have long standing relationships with major banks in South Africa, this enables us to offer clients some of the best AUD rates in the market. On average, we’re saving customers between 1-2% on their international transfers. On a single transfer of R 1 million, that’s a saving of up to R 20,000!


How long does it take to transfer money from South Africa to Australia?

Most international transfers to Australia are completed within a day. For major currencies, we can also make same day delivery payments providing your deal is settled before 12:00 midday. As soon as your payment has been sent to Australia, we’ll send you a SWIFT confirmation for the transfer.


What bank details do I need to send money to Australia?

When sending money to Australia, you will need to provide the following bank account details:

  • Full name of account holder
  • Bank State Branch (BSB Code)
  • Account Number
  • BIC / SWIFT code


Can I send money to an Australian bank account online?

Yes you can. We’ve made it really easy to transfer money overseas. When you open a free account online, we’ll give you access to our easy to use online platform where you can buy and transfer funds to Australia at the click of a button.


How much money can I transfer out of South Africa per year?

As a South African resident, you can transfer a total of R11 million out of the country each year using your allowances. Taxpayers over the age of 18 who are South African residents are eligible for the following allowances:

  • R1 million single discretionary allowance (no tax clearance required from SARS)
  • R10 million foreign investment allowance (FIA tax clearance is required from SARS)


How do I know my funds are safe?

FX Paymaster is authorised as a Financial Services Provider and regulated by the Financial Services Conduct Authority. FSP: 46213.

All deals are executed in the clients name directly with an Authorised Dealer Bank. We are here to help you get the best FX rates and to ensure your payments go off quickly and smoothly. You will always transfer funds into your own account, we never handle your money directly.


Can I open a bank account in Australia from South Africa?

Yes you can open an Australian Bank account while you are still in South Africa. The four biggest banks in Australia are ANZ, Commonwealth Bank, NAB and Westpac. You can open a bank account online with any of these banks prior to your departure. On arrival in Australia, you will need to visit a branch to activate your account so you can start making withdrawals.


I’m moving to Australia in 3 months’ time, can I secure the exchange rate now while the market looks good?

Yes, in a recent change to the South African Exchange Control Regulations, Private individuals (South African residents) can now use Forward Exchange Contracts to secure currency for future dated payments. This is great news for anyone looking to emigrate. Forward contracts are an ideal tool to use if you have a transfer to make in the future and want to remove the risk of the exchange rate going against you.

Get your guide now

Life in Australia: Get your Guide to Emigrating to Australia now. We cover everything from basic utility services to Money Matters.

    Emigration Guide for Australia

    We’ve made it quick and easy for South Africans to transfer money to Australia. 

    • Transfer money to family and friends in Australia
    • Pay foreign suppliers in Australia
    • Send money before you Emigrate to Australia
    • Transfer money to an Australian Bank Account

    Keep your finger on the pulse with our live rates

    The AUD/ZAR pricing below is based on live inter-bank market rates.

    Sending money to Australia? Get a free quote now

    Fill in your details and one of our friendly dealers will contact you to discuss your currency requirements. Contact us if you have any questions or need further information. We’re here to help.

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    No Commissions and no hidden fees ✔️ 

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