Home / Best money transfer to Austria • Cost, duration, comparison

Best money transfer to Austria • Cost, duration, comparison

Best money transfer to Austria • Cost, duration, comparisonSending money to Austria is easy and simple.

You have two possibilities for the transaction, it may be a bank or a transfer company. The final choice will be for each one personally, taking into account different requirements that will be adjusted to the specific needs of each one. Thus, you will choose the best and the cheapest way, since in many cases these transfers in the end can be more expensive than the final transfer is.

That is why in the next sections we will give you everything you need to know to send money to Austria successfully.

Comparison: Best Transfer Money to Austria

Winner

TransferWise reviews

TransferWise

First Transfer Free!

  • Transferwise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.

Best-money-transfer-Currencyfair

currencyfair

Five Transfers Free!

  • A world-class customer service, very good exchange rates and permanently favorable transfers abroad and to Germany convince. Only downside is the small selection of countries.

TransferGo Reviews

transferGo

Send money very fast!

  • Save up to 90% compared to banks. No hidden costs. Large selection of countries.
Winner

Azimo Reviews

AZIMO

First Transfer Free!

  • Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
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EUR

How can I send money to Austria

Introduction

Of course, to use each of the two possibilities to send money to Austria, you have to take into account the following steps:

  • Create an account: it can be online or in person. To do this you must give your personal information, your identification number depending on the country where you are and your bank account.
  • Transaction details: you have to add the amount to be transferred, along with the specific currency.
  • Details of the recipient himself: it is important to have both the personal data and the identification number of the recipient, so that in this way there are no problems when going to collect the money.
  • Payment of the transfer: when making this type of shipment you have to pay either commissions or fees that will be paid when making it. On many occasions they will give you a receipt that you will have to send to the recipient so that he can dispose of the money.

Bank

One of the possibilities is to use a bank that offers you this type of services.

The cost by this means will depend on how the type of transfer is treated. That is, if there is any type of financial agreement that allows it to be treated as a national transfer, you will have the advantage that the commissions are lower or even null. But if not, the transaction will be treated as an international transfer, so the fees and commissions will be higher.

Something that can make shipping more expensive than it should.

Money transfer provider

The second possibility that exists to make this type of money transfer to Austria is the use of transfer companies.

But there are many companies, so to help you decide in the best possible way which one is best for you, you can use the following factors:

  • Exchange rate: it is important since the higher the exchange rate, the less money the recipient receives. So you will have to choose the company that has the lowest exchange rate.
  • Fees: when making these types of transactions you must pay some fees that companies have. So it is best to choose the company with the lowest fee.
  • Transfer methods: there are several methods, that is, you can do it online within the website, with the mobile through an app, or in person at any of the offices or authorized locations in your city within the chosen company.
  • Transfer time: the time it takes for the transaction will depend on each company and the collection methods that we will discuss below.
  • Limits: some companies may require some type of limit, either minimum or maximum. This can influence the transfernecia you are going to do, because it is likely that it cannot be done in that particular company.
  • Collection methods: there are several collection methods such as home delivery, cash collection or transfer to a bank account.

How much does it cost to transfer money to Austria

There are several companies to send money to Austria, so the costs also vary taking into account other factors as well.

If, for example, we send 100 dollars from the United States to Austria, the rates are going to move depending on the method of collection and the time we have chosen, that is, the longer, cheaper to send that money.

In general, the rates are around 2 dollars approximately if it takes a few days and the delivery is in the bank account, the approximate 9 dollars that would be with a time of the same day or even minutes.

Duration of a money transfer to Austria

Within the possibilities that exist within each of the companies, the transfer time will depend on the rate that it costs you to do the transnaction and the method of collection that you have chosen.

For this reason and following the example we have named above, the 100 dollars sent from the United States to Austria, can arrive well in minutes if the method is in cash, if it is at home, the delivery would be made during the same day, but If it is a bank account, it varies between one day and 5 days, to this we must add the time it takes for the bank to make the transfer in the recipient’s account effective.

Conclusion on the money transfer to Austria comparison

Therefore, to send money to Austria there are two possibilities, the first is to use a bank and the second a transfer company.

Of course, to make the transfer successfully, you must follow some concrete steps, such as creating an account where you are going to make them, giving the details of the transaction such as the amount and currency, you have to have the details of the recipient and pay the final fees, in this way the recipient can receive the money with the best guarantees.

If your choice has been a bank, you should know that depending on how your transfer is, you will have to pay more or less commissions, this makes in all cases more expensive than with a transfer company.

But if your choice is to use a transfer company, you must choose the best one based on certain factors that adapt to your specific needs, so the cost of sending money to Austria will depend on the time of the transfer we choose, along with the collection method.