How do we work out our fees?
Our fee structure is charged on a per-transaction basis (a flat-rate). However, the fees will differ depending on what currency you are sending, to whom you are sending to (an individual or a business), and which country you are sending to.
Does the currency-country pair I am sending to affect the fees?
You will have the option to send money in the native currency or a foreign currency. Depending on your beneficiary's currency and country type, you’ll see how much the transfer costs are when you set up your transfer.
When you are sending money to a country in the country's native currency.
For example: Sending MYRto Malaysia only; sending USD to the USA only; sending GBP to the United Kingdom only;
- Generally, if you send in the native currency, the recipient should receive the full amount. However, for certain currencies, there may be an additional fee (imposed and determined by the receiving bank).
When you are sending money to a country in foreign currency/ non-native currency.
For example: Sending USD to Malaysia only; sending USD to Singapore only; sending USD to the United Kingdom only;
These transfers may incur an additional fee (imposed and determined by the receiving bank) on top of our regular non-native transaction fee. These charges will be directly deducted from the amount transferred.
Now that you know the difference between native currency transfers and non-native currency transfers, here are the fees for MoneyMatch Australia users.
- 1. Native Currency Transfers
- AUD 3 per transaction
- 2. Non-Native Currency Transfers
- AUD 33 per transaction
Reduced Fees for specific currencies
Here is the list of currencies with reduced fees. This is only applicable to native currency transfers (e.g. Sending AUD to Australia). Check our latest fees