What recipient information do I need to send money to India?
You’ll need your recipient’s Bank Code (BIC/SWIFT) and Indian Financial System Code (IFSC). OFX does not need your recipient’s email address or mobile number.
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I need to transfer money to India in person. Where are the money transfers near me?
To transfer money in person to India, you can head to a money changer near you. Here are our local city guides to find the best exchange rate: Sydney – The best rates and competitive transfer fees in Sydney are found on Pitt Street, George Street or occasionally in Haymarket. Melbourne – Money changers are located near Flinders Street Station in Melbourne, with the exception of United Currency in QV. Adelaide – Most money transfer locations in Adelaide are located on King William Street. Perth – You can send money through Ria Money Transfer, located in Morley, and Hai Ha […]
Can I send money to China through my commercial bank?
Yes, you can send money to China through your commercial bank, but this is inadvisable. Compared to OFX’s online transfer rates, local banks are more expensive and charge higher fees. We recommend using OFX’s online calculator and comparing it with how much your bank charges for international money transfer.
Is there a day to send money that will give me the best rates?
Unfortunately, there is no best day to send money to China. The foreign exchange rates vary depending on the global demand and supply of goods and services, as well as political and economic factors. So if you’re planning to send money, now is the best time!
Is it better to exchange money in Australia or overseas?
In most cases, it is cheaper to buy your foreign currency at home in Australia before you travel overseas. Additionally, you could get better rates if you send money to China online.
Is it cheaper to send money to China online or in-store?
It’s typically cheaper to send money to China online. Money changers with a physical store have to pay for rent, staff, and insurance, and they will transfer these additional third-party charges to customers. Some stores may also have limited currency availability. In comparison, online money transfer providers don’t have these large costs and staff, making it easier to provide better exchange rates and lower fees when you send money.
