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Australia Price Comparison Research 2026

A dedicated comparison research team in Wise compared Wise to 6 Australian bank accounts, as well as PayPal, Revolut and Western Union. They found that we’re on average 4x cheaper for spending abroad. Our fees to send are on average 5x cheaper, and withdrawing $1000 from an ATM abroad are not significantly cheaper. This is based on the prices offered by Wise Australia Pty Ltd during the research period.

Research methodology

The competitor research was collected in January 2026 during a 5 day period (19/01/2026 - 23/01/2026).

They looked at data across multiple countries, currencies, and price points to make sure any price claims we make are fair and accurate. The data was collected by simulating a transfer using live accounts on the providers website, during standard trading hours and at the same time every day, whenever possible, to ensure consistency across the comparison.

The research scope looked at the following, across EUR, GBP, IDR, INR, JPY, NZD, PHP, THB & USD using $1000 as the transaction value:

  • The cost to send money abroad from an account
  • The cost to spend money abroad using a debit card
  • The cost to withdraw money abroad from an account via an ATM

The costs collected for sending money abroad are made up of both the foreign transaction fee and any exchange rate markup. The exchange rate markup is a percentage added to the mid-market exchange rate by a provider when they sell you a currency. The costs collected for spending money abroad and withdrawing money abroad from an account via ATM are only made up of foreign transaction fees.

How did we calculate our price claims?

Comparing fees
For each currency pair — such as EUR, GBP, IDR, INR, JPY, NZD, PHP, THB & USD — our team compared the fees charged by Wise to the average fees charged by competitors.

Calculating savings
The following formula was used to show how much you save with Wise compared to competitors:

  • % saving = cost of using Wise against a competitor’s average fee × 100
  • This formula tells you the percentage you’d save by using Wise instead of the average competitor.

What does that look like?
If a AUD to EUR transaction shows a 85% saving, it means Wise fees are 85% lower than the average competitor fees for that particular currency pair.

What about the average savings?
After calculating the savings percentage for each currency pair, the average represents the overall savings claim for Wise across different services like sending, spending, or withdrawing money.

The research and results

1. Total cost to send $1000. Overall, Wise is 5x cheaper.

Sending $1000 to another country? Wise will cost up to 75% less compared to how you're doing it now.

AUD > EUR: Wise is 7x cheaper

  • Wise: $4.30
  • ANZ: $41.89
  • CommBank: $36.73
  • HSBC: $20.16
  • ING: Not offered
  • NAB: $24.94
  • Westpac: $37.71
  • PayPal: $52.96
  • Revolut: $3.01
  • Western Union: $32.07

AUD > GBP: Wise is 6x cheaper

  • Wise: $4.73
  • ANZ: $41.94
  • CommBank: $37.06
  • HSBC: $20.19
  • ING: Not offered
  • NAB: $26.06
  • Westpac: $37.83
  • PayPal: $53.37
  • Revolut: $3.49
  • Western Union: $8.39

AUD > IDR: Wise is 3x cheaper

  • Wise: $6.44
  • ANZ: Not offered
  • CommBank: $59.25
  • HSBC: Not offered
  • ING: Not offered
  • NAB: $26.95
  • Westpac: Not offered
  • PayPal: Not offered
  • Revolut: $5.14
  • Western Union: $9.46

AUD > INR: Wise is 3x cheaper

  • Wise: $6.20
  • ANZ: $36.96
  • CommBank: $25.04
  • HSBC: $20.53
  • ING: Not offered
  • NAB: $26.06
  • Westpac: $38.52
  • PayPal: Not offered
  • Revolut: $4.96
  • Western Union: $9.09

AUD > JPY: Wise is 6x cheaper

  • Wise: $6.74
  • ANZ: $67.06
  • CommBank: $52.27
  • HSBC: $50.22
  • ING: Not offered
  • NAB: $24.98
  • Westpac: $37.96
  • PayPal: $59.84
  • Revolut: $5.37
  • Western Union: $34.74

AUD > NZD: Wise is 5x cheaper

  • Wise: $5.02
  • ANZ: $41.91
  • CommBank: $36.77
  • HSBC: $20.20
  • ING: Not offered
  • NAB: $25.40
  • Westpac: $37.67
  • PayPal: $48.37
  • Revolut: $2.99
  • Western Union: $7.88

AUD > PHP: Wise is 4x cheaper

  • Wise: $7.09
  • ANZ: $45.45
  • CommBank: $45.64
  • HSBC: $20.71
  • ING: Not offered
  • NAB: $27.09
  • Westpac: $38.26
  • PayPal: $56.39
  • Revolut: $5.85
  • Western Union: $9.29

AUD > THB: Wise is 3x cheaper

  • Wise: $9.02
  • ANZ: $61.72
  • CommBank: $30.87
  • HSBC: $50.17
  • ING: Not offered
  • NAB: $25.75
  • Westpac: $38.55
  • PayPal: $60.62
  • Revolut: $6.76
  • Western Union: $11.49

AUD > USD: Wise is 5x cheaper

  • Wise: $5.45
  • ANZ: $41.60
  • CommBank: $34.91
  • HSBC: $20.23
  • ING: Not offered
  • NAB: $24.72
  • Westpac: $38.34
  • PayPal: $55.25
  • Revolut: $4.01
  • Western Union: $9.13

2. Fees to spend $1000 using a debit card. Overall, Wise Multi-Currency Card is 4x cheaper.

It's up to 75% cheaper to spend $1000 overseas with Wise.

AUD > EUR: Wise is 5x cheaper

  • Wise: $3.29
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $3.02
  • ING: $3.02
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > GBP: Wise is 5x cheaper

  • Wise: $3.69
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $1.62
  • ING: $1.62
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > IDR: Wise is 4x cheaper

  • Wise: $4.69
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $3.88
  • ING: $3.88
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > INR: Wise is 3x cheaper

  • Wise: $4.98
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $4.34
  • ING: $4.34
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > JPY: Wise is 5x cheaper

  • Wise: $3.49
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $3.64
  • ING: $3.64
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > NZD: Wise is 5x cheaper

  • Wise: $3.39
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $4.06
  • ING: $4.06
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > PHP: Wise is 3x cheaper

  • Wise: $6.06
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $2.98
  • ING: $2.98
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > THB: Wise is 3x cheaper

  • Wise: $6.28
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $8.44
  • ING: $8.44
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

AUD > USD: Wise is 3x cheaper

  • Wise: $6.28
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $2.74
  • ING: $2.74
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $0.00
  • Western Union: Not offered

3. Fees to withdraw $1000 abroad via an ATM, using a Wise debit card will cost up to 35% less

AUD > EUR: Wise will cost up to 40% less

  • Wise: $14.67
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $3.02
  • ING: $8.02
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > GBP: Wise will cost up to 40% less.

  • Wise: $15.07
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $1.62
  • ING: $6.62
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > IDR: Wise will cost up to 30% less

  • Wise: $16.07
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $3.88
  • ING: $8.88
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD >INR: Wise will cost up to 55% less

  • Wise: $16.36
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $4.34
  • ING: $9.34
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > JPY: Wise will cost up to 35% less

  • Wise: $14.87
  • ANZ: $30.00
  • CommBank: $35.00
  • HSBC: $3.64
  • ING: $8.64
  • NAB: $35.00
  • Westpac: $30.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > NZD: Wise will cost up to 40% less

  • Wise: $14.77
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $4.06
  • ING: $9.06
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > PHP: Wise will cost up to 30% less

  • Wise: $17.44
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $2.98
  • ING: $7.98
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > THB: Wise will cost up to 35% less

  • Wise: $17.66
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $8.44
  • ING: $13.44
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

AUD > USD: Wise will cost up to 40% less

  • Wise: $14.87
  • ANZ: $35.00
  • CommBank: $40.00
  • HSBC: $2.74
  • ING: $7.74
  • NAB: $40.00
  • Westpac: $35.00
  • PayPal: Not offered
  • Revolut: $20.00
  • Western Union: Not offered

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.