Summary
The cheapest way to send money to Vietnam from Australia in 2026 is with a specialist digital provider — not your bank — Australian banks charge an average of 13.2% all-in on AUD to VND transfers (including fees and exchange rate markup); specialist providers charge as little as 0-1% total; on a $1,000 transfer, that difference is approximately $120 more VND arriving with a specialist versus a bank. Exploring the Cheapest Ways to Send Money Vietnam Australia can help you save significantly.
OrbitRemit AUD to VND transfers are completely fee-free — no transfer fee, no exchange rate markup; delivered directly to all major Vietnamese bank accounts (Vietcombank, Techcombank, BIDV, MB Bank, Sacombank and others) with over 85% of transfers arriving within 2 hours
Vietnam received over $18 billion in remittances in 2025 — the second-largest inbound remittance flow in Southeast Asia; Australia is one of the top five source countries for money sent to Vietnam, alongside the US, South Korea, Japan and Canada; the 318,000+ Vietnamese-born residents of Australia make it one of the most active remittance-sending communities in the country
Sending money home to Vietnam from Australia used to mean expensive bank fees and poor exchange rates. That has changed significantly. Specialist digital providers now offer AUD to VND transfers at a fraction of what Australian banks charge — and for the most common corridors, the transfer arrives in hours rather than days.
Why your bank is the most expensive option
Australian banks charge significantly more than specialist providers for international transfers to Vietnam. The cost has two parts:
1. The stated international transfer fee: Typically AUD $22-$32 per transfer at major banks.
2. The exchange rate markup: Banks apply a margin of 2-4% above the mid-market AUD/VND rate. On a $1,000 transfer, a 3% markup means approximately $30 less VND reaching your family.
The average total cost (including hidden exchange rate markup) of making a AUD-VND transfer with banks was 13.2% of the transfer amount. On a $1,000 transfer, that is approximately $132 in combined costs — vs $0 with OrbitRemit.
No IBAN required: Vietnam does not use IBANs. You need the recipient’s account number, bank name, and the bank’s SWIFT code for international wire transfers. Specialist providers handle this automatically.
The cheapest providers for AUD to VND in 2026
1. OrbitRemit — fee-free
Transfer fee: AUD $0 — completely fee-free Exchange rate: Mid-market rate — 0% markup Speed: Over 85% of transfers within 2 hours Delivery: Direct to Vietnamese bank accounts Minimum transfer: AUD $10
OrbitRemit is fee-free on the AUD to VND corridor with no exchange rate markup. What you see is what your recipient receives. Transfers go directly to all major Vietnamese banks — Vietcombank, Techcombank, BIDV, MB Bank, Sacombank, VPBank and others.
Personal remittances from Australia to Vietnam are not subject to Vietnamese income tax. There is no restriction on receiving international transfers into a Vietnamese bank account.
Best for: Regular transfers to family with a Vietnamese bank account; anyone who wants fee-free transfers with no surprises.
2. Wise — mid-market rate, small fee
Transfer fee: Approximately AUD $7-$10 on a $1,000 transfer Exchange rate: Mid-market rate — 0% markup Speed: 1-2 business days for bank deposits Delivery: Vietnamese bank accounts
The cheapest way to send money to Vietnam via Wise uses the mid-market USD to VND rate with 0% markup and a fee of ~$7 on $1,000.
Wise is a strong option for larger transfers where the flat fee becomes a smaller percentage — and for transfers funded by debit card (PayID and POLi both work for Australian senders). The exchange rate is transparent and matches the mid-market rate.
Best for: Larger transfers; senders who already use Wise for multi-currency needs.
3. Remitly — fast delivery, slightly higher cost
Transfer fee: From AUD $3.99 (Economy) or higher for Express Exchange rate: 1-2% markup above mid-market Speed: Minutes (Express) or 3-5 business days (Economy) Delivery: Vietnamese bank accounts
Based on providers compared, Remitly is among the cheapest, with competitive exchange rates and fees starting from $0. Remitly offers two tiers — Express (fast, higher cost) and Economy (slower, lower cost). For the economy tier, Remitly is competitive; for express delivery, the cost rises.
Best for: Urgent transfers where minutes matter; senders who want a well-known brand.
4. EzyRemit — specialist AUD to VND provider
Transfer fee: AUD $5 Exchange rate: 0.5-1% markup Speed: Same day or next business day Delivery: Vietnamese bank accounts Notable: Bilingual customer support (English and Vietnamese)
EzyRemit is the best money transfer service for the AUD-to-VND corridor — lowest total cost, bilingual support. EzyRemit is a smaller, Vietnam-specialist provider based in Australia — designed specifically for the Australian Vietnamese community. Bilingual customer support in English and Vietnamese is a significant advantage for less tech-confident senders or recipients.
Best for: Vietnamese-Australian community members who prefer bilingual support and a Vietnam-specialist provider.
5. Western Union — best for cash pickup
Transfer fee: $0-$10 online (bank deposit); higher at agents Exchange rate: 1-2.5% above mid-market Speed: 0-2 business days (bank deposit); minutes (cash pickup) Delivery: Bank accounts + 8,900+ agent locations in Vietnam for cash pickup
Western Union is significantly more expensive than OrbitRemit for bank deposits — but its cash pickup network in Vietnam is unmatched. If your recipient needs cash in hand and lives in a rural area without a bank account, Western Union remains one of the few options that can reach them.
Best for: Cash pickup for unbanked recipients in rural Vietnam.
Provider comparison — sending AUD $1,000 to Vietnam
| Provider | Stated fee | FX markup | Approx. all-in cost | Speed |
|---|---|---|---|---|
| OrbitRemit | $0 | 0% | $0 | 85%+ within 2 hours |
| Wise | ~$7-$10 | 0% | ~$7-$10 | 1-2 business days |
| EzyRemit | $5 | 0.5-1% | ~$10-$15 | Same/next day |
| Remitly (Economy) | ~$3.99 | ~1-2% | ~$14-$24 | 3-5 business days |
| MoneyGram | $0-$10 | ~1-3% | ~$15-$40 | 0-2 business days |
| Western Union | $0-$10 | ~1-2.5% | ~$13-$35 | 0-2 business days |
| Australian banks | $22-$32 | 2-4% | ~$42-$72 | 3-5 business days |
How to send money to Vietnam from Australia — step by step
Step 1: Choose your provider Based on the comparison above. For most transfers to a Vietnamese bank account, OrbitRemit is the cheapest and fastest.
Step 2: Create your account Register at orbitremit.com with your name, email, date of birth and Australian mobile number. Identity verification (driver’s licence or passport) is required under Australian financial services regulations.
Step 3: Add your recipient Enter your recipient’s details:
- Full name (exactly as on their bank account)
- Vietnamese bank name (Vietcombank, Techcombank, BIDV, MB Bank, etc.)
- Account number
- Branch (if required by the bank)
Step 4: Enter the transfer amount and confirm the rate Enter the amount you want to send in AUD. The VND amount your recipient will receive is shown upfront — rate locked at confirmation.
Step 5: Fund the transfer Pay via PayID, POLi, bank transfer or debit card. PayID and POLi are instant — your transfer begins processing immediately.
Step 6: Transfer arrives Over 85% of OrbitRemit transfers to Vietnam arrive within 2 hours. You receive a confirmation email and can track the transfer in the OrbitRemit app.
Vietnamese banks that receive international transfers
All major Vietnamese banks accept international transfers. The most common for receiving transfers from Australians:
- Vietcombank (VCB) — the largest state-owned bank; most widely used for international transfers
- Techcombank — fast processing; popular with younger recipients
- BIDV (Bank for Investment and Development of Vietnam) — state-owned; extensive branch network
- MB Bank — strong mobile banking; popular in cities
- Sacombank — strong southern Vietnam network
- VPBank — growing digital bank; fast transfer processing
- Agribank — agricultural bank; strong in rural areas
FAQs (frequently asked questions)
What is the cheapest way to send money to Vietnam from Australia?
OrbitRemit — AUD to VND transfers are completely fee-free with no exchange rate markup. On a $1,000 transfer, the all-in cost is $0 with OrbitRemit vs $42-$72 with an Australian bank.
How long does a transfer to Vietnam take from Australia?
With OrbitRemit, over 85% of transfers arrive within 2 hours directly to Vietnamese bank accounts. Bank wire transfers through Australian banks typically take 3-5 business days.
Does Vietnam use IBAN?
No — Vietnam does not use IBAN numbers. To receive an international transfer, your recipient needs their account number, bank name and the bank’s SWIFT code. OrbitRemit handles this automatically when you select the bank.
Is there a limit on how much I can send to Vietnam?
OrbitRemit has transfer limits based on identity verification level. Standard limits allow transfers up to AUD $50,000 per day once fully verified. Contact OrbitRemit for higher-limit transfers.
Do I pay tax on money sent to Vietnam from Australia?
No — there is no Australian tax on outbound personal remittances. In Vietnam, personal remittances received from abroad are not subject to Vietnamese income tax.
Which Vietnamese banks does OrbitRemit support?
OrbitRemit delivers directly to all major Vietnamese banks including Vietcombank, Techcombank, BIDV, MB Bank, Sacombank and VPBank.
Related guides
- What is a remittance? →
- Vietnam travel guide 2026 →
- Asian currencies: a complete guide →
- OrbitRemit vs Wise →
- OrbitRemit vs Western Union →
Fees and exchange rates fluctuate — always check current rates at orbitremit.com before sending. Last updated September 2026.
Sources: monito.com — Send money from Australia to Vietnam (AU→VN corridor data) | sendmoneycompare.com — Send Money to Vietnam Guide (April 8, 2026) | ezyremit.com — Best Money Transfer Service Australia 2026 (3 weeks ago) | finder.com.au — Best ways to send money to Vietnam 2026 | westernunion.com/au — Send Money to Southeast Asia (official)
