27/7 Transfers out in AUD are now supported, see here for more details.
I was looking to transfer some money from Europe to Australia and found this great deal which will be far cheaper than any transfer with your bank.
Transferwise is in my opinion the ideal solution to transfer even small amounts of money to an Australian Bank Account. I think of backpackers, tourists, expats and immigrants who still have foreign bank accounts and all look for a good solution to transfer some money - even small payments are possible.
I tried their system yesterday for the first time and my transfer from Germany to Australia took 1 day … wow … fast! And I paid just 4.95EUR for 1000EUR transfer (which is 0.05%). Very fair. The best is that they use the mid market rate (which you can find at google or yahoo finance) to convert your money - so not some "fake" - "rip off" rate which your bank or even credit card will charge (ok … exclude 28degrees). No hidden fee!
Unfortunately it does not yet work from Australia to other countries.
This is their standard pricing (so as I know our Ozbargain community … some may say it's no bargain … I say it is a hell of a bargain when you can use it!) It is in my opinion by far the cheapest and easiest money transfer system you can find. Not a deal for everyone … but I hope it is useful for some and you can save some money.
You can get your first transfer free when you sign up via a referral link: https://transferwise.com/u/d44738