🇦🇺 Pay Suppliers in Australia
Pay Australian suppliers for mining equipment, agriculture, education services, wine exports
T+0 (2.3s avg within Unicorn network). Save 80% vs traditional banks.
What you need to send money to Australia
What details do I need to pay suppliers in Australia?
To pay suppliers in Australia you need the recipient's BSB Code (6-digit BSB (Bank-State-Branch)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Australia?
Payments to Australia settle in an average of 2.3 seconds when using local rails such as NPP (New Payments Platform), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Australia?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 80% versus banks (e.g. £505 vs £2535 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Australia
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.5% | 0.5% |
| Payment Fee | £35 | £5 |
| Total Cost (£100,000) | £2,535 | £505 |
| YOUR SAVINGS | N/A | £2,030 (80%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Australia
Avoid expensive SWIFT fees. We use local payment systems in Australia for faster, cheaper settlement.
NPP (New Payments Platform)
Real-time payments 24/7, PayID addressing system
RITS (Reserve Bank Information and Transfer System)
RBA high-value payment system for large transactions
BECS (Bulk Electronic Clearing System)
Batch payment system for direct debits and credits
Who Uses This Payment Corridor
Key Industries in Australia
- Mining
- Agriculture
- Education
- Wine & Food
- Tourism
Average Transaction: £60k-£280k
Typical Monthly Volume: £300k-£3M
Popular Supplier Types
- Mining equipment (Perth, Brisbane)
- Agricultural suppliers (Adelaide, Melbourne)
- Wine producers (Barossa Valley, Margaret River)
- Education institutions (Sydney, Melbourne)
What You Need to Know: Australia Payments
Regulatory Considerations
- APRA (Australian Prudential Regulation Authority) oversight
- GST (10%) applicable to most goods/services
- ABN (Australian Business Number) required for all suppliers
- AUSTRAC AML/CTF compliance
Payment Tips for Australia
- Australia = Mining and agriculture powerhouse, commodity exporter
- NPP enables instant AUD payments without international wire fees
- Strong trade relationship with Asia-Pacific region
- Time zone considerations: AEST is 9-11 hours ahead of UK
Why Choose Unicorn for Australia Payments
Local Rails, Not SWIFT
We use NPP (New Payments Platform) and other local systems in Australia. Avoid 3-4% SWIFT fees and 2-3 day delays.
80% Lower Costs
Save £2,030 on every £100,000 payment. On £300k-£3M monthly volume, save up to £60,900 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Australia payments.
Real-Time FX Tracking
Upload supplier invoices in AUD. See live P/L as GBP/AUD rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Australia? Save 80%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Australia
For businesses with high annual FX volume. Not consumer transfers.