Lexi Webster
There are several ways to transfer money to Austria. You can use an online money transfer service, such as Wise, XE, CurrencyFair, OFX, or Remitly, which typically offer better exchange rates and lower fees than traditional banks. Alternatively, you can use a bank transfer, cash pickup, mobile wallet, or home delivery service. It's important to compare the fees, exchange rates, transfer speeds, and safety of each option before choosing the best method for your needs.
| Characteristics | Values |
|---|---|
| Cheapest provider | Wise |
| Fastest provider | Wise |
| Best-rated provider | Remitly |
| Cheapest way to send money | Bank transfers |
| Fastest way to send money | Wise, MoneyGram, Instarem |
| Safest way to send money | Use a provider registered with the Consumer Financial Protection Bureau |
Bank transfers
Choose and Register
Begin by selecting a regulated bank or money transfer provider that supports international bank transfers from Austria to the UK. You can use a comparison website to find the best provider for your needs.
Account Verification
For security purposes and to comply with international financial regulations, banks and online transfer providers will require you to verify your identity before sending money. This usually involves uploading digital copies of proof of ID (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).
Fund Your Account
Once registered, you will need to deposit funds into your account. While there are multiple methods available, a local bank transfer or using a debit card are usually the most economical options.
Initiate the Transfer
With your account funded, add your recipient's full name and their bank account details. Double-check everything, then start your transfer.
Remember, the speed and efficiency of your transfer can vary depending on the provider you choose. It is always wise to compare rates, reviews, and transfer times before making a decision. Additionally, keep in mind that bank transfer fees from Austria to the UK can include upfront costs, an exchange rate markup, and extra third-party fees added by correspondent banks.
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Online money transfer providers
Wise (formerly TransferWise)
Wise is a well-known and trusted online money transfer service that offers fast, low-cost, and secure transfers from the United States to Austria. They provide transparent pricing with no hidden fees and always use the mid-market exchange rate, which is the best rate available. Wise also offers a convenient mobile app and is licensed and regulated in most states, ensuring the security of your transfers.
Xoom (A PayPal Service)
Xoom is a PayPal service that allows you to send money to Austria quickly and securely. With Xoom, you can send money for cash pickup at various locations in Austria, or directly to a bank account. The transfer speed is impressive, with cash pickups typically available in minutes and bank deposits usually taking less than 3.5 hours. Xoom also offers a convenient mobile app and guarantees the security of your transactions.
OFX
OFX is a reliable online money transfer provider that offers fast and secure transfers from the United States to Austria. They have a global network of banking partners, enabling them to efficiently move your money, with most transfers completed within 1-2 business days. OFX does not enforce any limits on the amount you can transfer, and they provide 24/7 customer support.
Remitly
Remitly is another popular online money transfer service that offers competitive exchange rates and low fees. They provide instant cash pickups in Austria, making them an excellent choice if you need to send money quickly. Remitly also offers a mobile app and has a Trustpilot rating of 4.6, indicating high customer satisfaction.
CurrencyFair
CurrencyFair is an online money transfer provider that offers quick delivery times and competitive exchange rates. They charge a low, flat fee per transfer and support various payment methods, including bank transfers and debit/credit cards. CurrencyFair is a safe and secure option, regulated by financial authorities.
When choosing an online money transfer provider, it's important to compare factors such as fees, exchange rates, transfer speed, security, and customer reviews to find the best option for your specific needs.
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Cash pickup
If you need to transfer money to Austria, there are several options available to you. One option is to use a cash pickup service, which allows your recipient to collect the money you have sent in person. Here is some information on how to do this:
Western Union
Western Union is a popular provider with a large agent location network. You can transfer money to Austria from the United States using their website, app, or agent locations. Your recipient can then pick up the cash transfer in person from a Western Union location in Austria.
Remitly
Remitly is another option for sending money to Austria for cash pickup. Remitly is often one of the cheapest ways to transfer money internationally and offers a large selection of payout options, including cash collection.
Xoom
Xoom is a PayPal service that allows you to send money for cash pickup at convenient locations throughout Austria, such as Ria. You can pay with PayPal, bank account, credit card, or debit card.
General Information
When sending money for cash pickup, you will typically need to provide the recipient's name, address, phone number, and the location where they will pick up the money. It is important to note that cash pickup transfers are usually one of the most expensive options due to the prioritization of speed and convenience.
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Mobile wallet
Western Union is a popular service that allows you to transfer money to a mobile wallet in Austria. You can use their website or app to send money directly to your recipient's mobile phone number. The amount is transferred to the recipient's Mobile Wallet account, which is linked to their phone number. To ensure the money reaches the right person, make sure you enter the correct mobile phone number. The recipient will also need to have activated a Mobile Wallet with one of Western Union's partner mobile operators in their country of residence.
To use Western Union, you will need to sign up for a free online account. Then, enter the amount you want to send, select Austria as the recipient's country, and choose Mobile Wallet as the receiving method. You can pay using a credit card, debit card, instant bank transfer, or bank transfer. After entering the recipient's details, including their phone number and Mobile Wallet information, you can complete the transfer. You will receive a confirmation via SMS with a transaction number that you and the recipient can use to track the transfer.
Another option for transferring money to Austria using a mobile wallet is Revolut, which can get your money to the recipient within minutes.
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Home delivery
If you're looking to transfer money to Austria from the comfort of your home, there are several options available to you. Many money transfer services offer online or app-based platforms that allow you to send money from your home. Here are some of the popular choices:
Western Union
Western Union is a well-known and trusted money transfer service that offers international money transfers to over 200 countries and territories, including Austria. With Western Union, you can send money online or through their mobile app. They offer various payout methods, including bank transfers, mobile wallets, and cash pickup at agent locations. Western Union also provides real-time exchange rate tracking and is committed to keeping your data secure.
Wise
Wise, formerly known as TransferWise, is a fast, low-cost, and secure online money transfer service. They offer a transparent fee structure, charging a small flat fee and a percentage of the amount converted. Wise converts your money at the inter-bank rate, ensuring you get a competitive exchange rate without any hidden charges. You can fund your transfer through bank transfers, debit or credit cards, or Swift payments. Wise also provides a convenient mobile app for sending money on the go.
Remitly
Remitly is another popular choice for transferring money to Austria. They offer a user-friendly website and mobile app, making it easy to send money from home. Remitly provides transparent fees and exchange rates, with no hidden costs. They also offer delivery time guarantees and allow you to track your transfers. Additionally, Remitly ensures the safety of your information with multi-level security measures.
Monito
Monito is a money transfer comparison app that helps you find the best rates and options for sending money to Austria. It compares multiple providers based on fees, exchange rates, and customer satisfaction. Monito only recommends regulated and secure companies, so you can trust the providers listed on their platform. Through their app, you can find low fees and save money on your international money transfers.
When choosing a money transfer service, it's important to consider factors such as fees, exchange rates, transfer speed, security, and customer reviews. Compare different options and select the one that best suits your needs and preferences.
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Frequently asked questions
Bank transfers are typically the cheapest way to send money to Austria. MoneyGram and Instarem are among the brands with the lowest bank transfer fees.
Many online providers can offer transfers to Austria within minutes, although you're likely to pay a premium for the convenience. Wise (TransferWise) and MoneyGram are among the fastest.
The safest way to send money to Austria is to use a provider registered with the United States' industry regulator, the Consumer Financial Protection Bureau. All the major companies comply with the relevant laws and regulations in both the United States and Austria.
If you need to make a large money transfer to Austria, consider using a provider such as OFX or Xe to benefit from its expertise in handling larger transfer amounts, including tax guidance and foreign exchange tools.
