Bank international transfer fees in Australia

If you send money overseas through ANZ, CommBank, NAB or Westpac, the fee depends mostly on two choices: whether the money goes in Australian dollars or a foreign currency, and whether you send online or over the counter. This page puts the four banks' published fees side by side, in alphabetical order. The fees below were checked on the providers' own pages on 30 October 2026.

FXRate.com.au is a general information site operated by Dominet BV. This page is general information only and is not financial advice. It does not consider your objectives, financial situation or needs. Dominet BV does not hold an Australian financial services licence (AFSL). We don't arrange transfers, recommend or rank providers, forecast exchange rates or receive payments from providers. Fees and rates change, so check the provider's own page and documents before you send or spend money. Facts were checked on 30 October 2026. Read our general information notice. Banks are listed alphabetically and we don't rank them.

The pattern across the big four

As published by ANZ, CommBank, NAB and Westpac on 30 October 2026, all four listed a $0 or waived sending fee for online transfers in foreign currency. Their published charges differed for sending Australian dollars and using branch or phone services.

Sending AUD overseas and converting AUD before sending are different transactions. NAB explains that when you send AUD, another provider converts the money after the transfer using its own rate. So the amount received may differ from what you intended.

A sending fee also doesn't describe the whole price. The exchange rate and any deductions by banks handling the payment affect what reaches the recipient. Our explanation of international money transfer fees sets out how the fee and exchange rate margin fit together.

Sending fees side by side

These are personal customer sending fees in Australian dollars, as published by ANZ, CommBank, NAB and Westpac on 30 October 2026. Each bank name links to its own fee page.

ANZ has destination-specific exceptions. As published by ANZ on 30 October 2026, Phone Banking and Internet Banking transfers to its listed Pacific destinations cost $0 in foreign currency or $7 in AUD, with $0 for AUD transfers to Kiribati through Internet Banking only.

Those destinations are the Cook Islands, Fiji, French Polynesia, Guam, Kiribati, New Caledonia, Papua New Guinea, Samoa, Solomon Islands, Timor Leste, Tonga and Vanuatu.

Who covers overseas bank fees

Banks use SWIFT to send money between financial institutions around the world, according to Moneysmart. Other banks handling a payment can add costs beyond the sender's bank charge. Our SWIFT fees guide explains correspondent and receiving bank fees.

The coverage below is as published by ANZ, CommBank, NAB and Westpac on 30 October 2026:

• ANZ: Covers correspondent fees for foreign currency transfers through ANZ Plus, Internet Banking and Phone Banking for selected currencies and destinations. A correspondent or recipient's bank may still charge where coverage doesn't apply. Its quotes include the ANZ fee and an estimated correspondent fee. ANZ says its published estimates of correspondent fees are indicative only.
• CommBank: Absorbs correspondent bank fees on cross-currency transfers through NetBank, the app or a branch. This doesn't cover charges imposed by the payee's bank, and overseas bank charges may apply.
• NAB: Covers overseas bank fees for online international transfers through the app and Internet Banking. It also says it reimburses partner bank fees deducted from those payments.
• Westpac: Other banks may deduct charges. Overseas handling charges are borne by the recipient by default and deducted from the payment. Starting a payment shows an estimate of other bank fees alongside Westpac's fee and rate.

A correspondent bank and the recipient's own bank have different roles. A bank that covers correspondent fees may still leave the recipient's bank free to charge. The ACCC identifies both correspondent deductions and recipient bank charges as costs to check.

Receiving money from overseas

These receiving fees are in Australian dollars, as published by ANZ, CommBank, NAB and Westpac on 30 October 2026.

The NAB entry is for money received into a NAB account. NAB also publishes separate arrangements for payments it passes to other accounts. It may act as an intermediary and convert a payment to AUD before passing it on.

What the table leaves out

The sending fee doesn't show the exchange rate margin. Providers choose their exchange rates, and the ACCC explains that retail rates include a margin or mark-up. A transfer advertised without a sending fee can still carry a cost through that rate.

The exchange rate margin guide explains this part of transfer pricing. The mid-market rate describes the midpoint between wholesale buying and selling prices. It isn't a promise of the rate available for your transfer.

In its 2019 inquiry and 2024 update, the ACCC found that the big four banks were often more expensive than other suppliers for foreign cash and international transfers. Those findings are about total price at those dates, not about the fees in this table, and we don't use them to rank anyone.

The ACCC's foreign currency guidance focuses on the total price and the amount the recipient receives. It says comparisons should use supplier websites at the same time on the same day.

Checking the current fee

Westpac says its online rates are indicative and change continuously. The exact rate appears when you start a payment and requires acceptance. ANZ holds a quoted rate for eight minutes in ANZ Plus and ten minutes in Internet Banking. NAB Internet Banking shows an indicative rate first, then a real-time rate on the final page during its stated operating times.

What this means for you

Across the big four, sending online in foreign currency carried no sending fee on 30 October 2026, while sending AUD or using a branch did. The sending fee still leaves out the exchange rate and any other banks' deductions, which only show up on the bank's quote and in what the recipient actually gets. Moneysmart's sending money overseas page also lists payment method, transfer time, limits and how the recipient receives the money as comparison points.

Frequently asked questions

Is an online foreign currency transfer free?

As published by ANZ, CommBank, NAB and Westpac on 30 October 2026, eligible online foreign currency transfers had a $0 or waived sending fee. An exchange rate margin or overseas bank charges can still affect the total cost.

Does sending AUD avoid conversion?

It can move conversion to another provider. NAB says that provider's rate may be more or less favourable, and the amount received may differ from what you intended.

Are correspondent and receiving bank fees the same?

No. Correspondent charges relate to banks handling the payment along the way. The recipient's own bank may impose a separate receiving charge.

Why can the final quote differ from an advertised rate?

An advertised rate may be indicative. Westpac says its online rates change continuously and gives the exact rate when a payment is started.