ANZ international money transfers review

Last updated:  

Secure money transfers to over 95 countries around the world, but watch out for poor exchange rates.

  • Good for sending money with a trusted brand.
  • Keep an eye out for the high fees, poor exchange rates and slow transfer times.

AUD 1

Min. Transfer Amount

AUD 1,000,000

Max. Transfer Amount

2 days

Transfer Speed

Details

Product NameANZ International Money Transfer
Min. Transfer AmountAUD 1
Max. Transfer AmountAUD 1,000,000
Transfer MethodsOnline, Phone, Agent, Bank Account to Bank Account
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
2 days
Customer ServicePhone, Email, Branch
Available CurrenciesAED, AUD, BDT, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HUF, ILS, INR, JPY, KES, KWD, MUR, MXN, NOK, NZD, OMR, PGK, PHP, PLN, SAR, SBD, SEK, SGD, THB, TOP, TRY, USD, VUV, WST, XPF, ZAR
Online Transfer FeeAUD 9

ANZ exchange rates and fees

There are two factors that will determine the total cost of your international transfer: the exchange rate that applies to your transaction and any fees that are charged.

ANZ adjusts its exchange rates in real-time in line with market fluctuations, and you can check the current rates on the ANZ website.

However, ANZ adds a margin on top of the mid-market exchange rate before selling foreign currency on to customers. While most money transfer services do this, banks generally charge a bigger margin than other services do.

The fee that applies to your transaction varies depending on the amount you send, the country you're sending money to, and whether you submit your transaction online or over the phone. However, transactions of $10,000 or more are fee-free.

Calculate how much sending money overseas would cost with ANZ by using our tool below. You can also check out the real-time exchange rate ANZ offers and if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.664 USD
6,634
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Take a look at ANZ's exchange rates in more detail

Available currencies

ANZ offers international transfers to over 95 countries around the world. This allows you to send funds in dozens of different currencies, including:

  • BDT Bangladeshi taka
  • CAD Canadian dollar
  • CNY Chinese yuan
  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • NZD New Zealand dollar
  • USD US dollar

You can check out the full list of supported currencies above.

What types of transfers can you make with ANZ?

ANZ allows you to transfer funds directly into your recipient's overseas bank account. There are three ways to send a transfer:

  • Online. You can send funds electronically by logging into your ANZ Internet Banking account and providing the details of your transaction.
  • Over the phone. You can submit your transfer using ANZ's Phone Banking service. However, in some instances, phone transactions will attract higher fees than transfers lodged online.
  • Manually. You also have the option of filling out an international money transfer request form and then submitting it at your local ANZ branch.

How long does a money transfer with ANZ take?

Transfer times vary depending on how you submit your transaction and where you are sending money. However, ANZ claims that the money you send usually arrives within two working days.

What payment methods does ANZ accept?

The only way to pay for your international transfer is by using the funds in your ANZ bank account. You can deposit money into your ANZ account by using cash, cheque or a bank transfer.

Transfers typically takeClock icon for transfer speed

1 - 2 days

Is ANZ safe to use?

  • Regulation: Regulated in Australia by ASIC.
  • Established: 1835
  • Global footprint: Operates in 35 countries around the world.
  • Security and protection: ANZ Fraud Money Back Guarantee

ANZ is one of the largest banks in Australia and offers a wide range of personal and business banking services. It is regulated by the Australian Securities & Investments Commission (ASIC) and is also listed on the Australian Transaction Analysis and Reports Centre (AUSTRAC) Remittance Sector Register.

As ANZ is recognised as an Authorised Deposit-taking Institution, deposits of up to $250,000 you hold with ANZ are protected by the Australian Government Guarantee. And when you send money overseas using ANZ Internet Banking, you're protected by the ANZ Fraud Money Back Guarantee.

To further safeguard your funds, you can also use the ANZ Shield app. Available for Android and iOS devices, this ensures that you have to enter a "Shield Code" when submitting an Internet Banking transaction or making changes to your account.

How does ANZ make money?

ANZ makes money on international transfers in two ways:

  • By charging transaction fees on all transfers.
  • By adding a margin to the mid-market exchange rate. The mid-market rate is the exchange rate at which banks buy and sell foreign currency from one another, and is the "real" exchange rate you see listed on Google.

How to register an account with ANZ

Before you can send an international money transfer with ANZ, you'll need to open an ANZ bank account by completing the following steps.

How do I make an international money transfer with ANZ?

You can send money overseas with ANZ by completing the following steps.

  1. Log in to your ANZ Internet Banking account.
  2. Select the account you'd like to transfer money from.
  3. Add a new international payee or choose an existing payee.
  4. Select the currency and amount you'd like to send.
  5. Click "Get rate" to see the exchange rate and fee that will apply to your transaction.
  6. Accept the terms and conditions.
  7. Enter your recipient's address details.
  8. Enter a message to your recipient.
  9. Review the full details of your transfer before confirming the transaction.

What is ANZ?

ANZ, which is formally known as the Australia and New Zealand Banking Group Limited, is one of Australia and New Zealand's largest banks. Recognised as one of the "big four" banks in Australia, ANZ can trace its roots back to the Bank of Australasia, which opened its first Australian office in 1835.

Today, ANZ offers a wide range of personal and business banking solutions to customers in 35 countries around the world. Its world headquarters are located in Collins Street, Melbourne.

In a nutshell

Pros:
  • Wide range of supported currencies. ANZ allows you to send money to over 95 countries around the world.
  • Safe and secure service. You get the confidence of dealing with an established bank with a long history, as well as the protection of the ANZ Fraud Money Back Guarantee.
  • Easy to use. ANZ's money transfer service is simple and straightforward to use, making it easy to send funds overseas.
Cons:
  • Disappointing exchange rates. You'll generally be able to find better exchange rates from specialist money transfer services.
  • Fees often apply. Fees vary depending on several factors, but make sure you double-check the total cost of your transaction before submitting it.
  • Can be inconvenient. If you're simply looking for a fast and affordable way to send money overseas and don't need all the other features a regular bank account offers, you'll be better off using an online money transfer service.

How does ANZ compare to other providers?

Want to find out how ANZ stacks up against the competition? Enter the details of your transaction into the calculator below to compare the exchange rates and fees of a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.664 USD
6,634
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,813
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,813
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,813
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.681 USD
6,813
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.681 USD
6,813
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees as a Finder customer when you transfer your money overseas with Global Reach.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,813
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.677 USD
6,770
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.676 USD
6,755
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.684 USD
6,809
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 200 1 day AUD 0.00 0.679 USD
6,785
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions

International Money Transfer Offers

Important Information*
Logo for ANZ International Money Transfer
ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

57 Comments

  1. Default Gravatar
    PJ
    November 16, 2018

    I want to do an international transfer from my ANZ AUD account to Thai Bank account.
    Should I be sending in AUD or Thai Baht for the best conversion rate?

    • AvatarStaff
      Charisse
      November 18, 2018

      Hi PJ,

      Thanks for reaching out to finder.

      Generally, you will have better chances of getting the best conversion rate if you do the conversion (AUD to THB) prior to sending as this will allow you to lock in the conversion rate when the rate is good.

      If you choose to send the money in AUD, conversion rates to THB will be subject to change and will depend on the current conversion rate the Thai bank is using.

      I hope this helps.

      Cheers,
      Charisse

  2. Default Gravatar
    bocock
    October 12, 2018

    I want to transfer about 600,000 A$ to UK. What is most economical way?

    • AvatarStaff
      Joshua
      October 17, 2018

      Hi Kendacie,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      If you are looking a cheap way to send money to the UK, you may want to check this page. On that page, you will be able to compare money transfer options between Australia and the UK. There’s a comparison table which you can use. Click on the “Go to site” green button of your chosen provider to be redirected to their website.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    Warren
    April 26, 2017

    Hi,

    Can I have the SWIFT code for ANZ Bank Box Hill Branch?

    • Default Gravatar
      Liezl
      April 26, 2017

      Hi Warren,

      Thanks for your question.

      ANZ Australia’s SWIFT/BIC code is ANZBAU3MXXX which can be used for their branches, too.

      Kindly note that 3 letters or digits for branch code are optional (‘XXX’ for primary office). Moreover, where an 8-digit code is given, it may be assumed that it refers to the primary office.

      I hope this has helped.

      Best regards,
      ​Liezl

  4. AvatarStaff
    Clarizza
    October 20, 2016

    Hi Jenny,

    Thanks for your question.

    Yes they will need a SWIFT code. You can find SWIFT codes for any of the international money transfer services we feature on finder.com.au by click on any providers under ‘Services’ on the bottom left hand side of our International Money Transfer guide.

    Other information required by ANZ:
    – Your ANZ branch name, address, account name, full account number.

    Hope this has helped.

    Clarizza

  5. Default Gravatar
    Ray
    September 26, 2016

    Hi My Q is what’s the limit u can transfer into Australia
    without declare it?

    • AvatarStaff
      Clarizza
      September 28, 2016

      Hi Ray,

      Thanks for your question.

      The limit will depend on your provider so it is best to check with them directly. If you are shopping around for services, our Money Transfer Finder page may help.

      Clarizza

    • AvatarStaff
      Shirley
      September 28, 2016

      Hi Ray,

      Thanks for your question.

      Please note that if it’s income that you’re transferring back into Australia, you will need to declare this in your tax return with the ATO.

      Due to regulations, all transactions over the size of $10K AUD are recorded.

      Hope this helps.

  6. Default Gravatar
    JIMMY'O
    August 17, 2016

    Hi,
    I have to write a review of an ICT tool that is used by businesses for commercial purposes. This is an assignment given to me by my university lecture so would u please help me with some information regarding the functions and operation of the “International Telegraph Transfer”.
    Your help is very much needed.
    Thank you.

    • AvatarStaff
      Clarizza
      August 18, 2016

      Hi Jimmy,

      Thanks for your question.

      We are a comparison website and as such provide general advice only. The page you have commented on refers to international money transfers, however for your project, it may be best to speak to someone in ICT.

      Cheers,
      Clarizza

  7. Default Gravatar
    Amanda
    July 21, 2016

    I would like to get a list of the different international transfer cut off times so we can ensure we load and release our overseas payments within the necessary time frames

    • AvatarStaff
      Clarizza
      July 25, 2016

      Hi Amanda,

      Thanks for your question.

      If you’re using ANZ to complete an international money transfer, most transfers take up to 2 working days provided all the correct information has been used. You can also take a look at our Money Transfer Finder to see a list of services and check under “transfer speed” to view how long the transfer takes.

      Hope this helps.

      Clarizza

  8. Default Gravatar
    Kent
    June 9, 2016

    Hi,
    I would like the swift code for overseas deposit into an ANZ acc in QLD
    Thank you

    • AvatarStaff
      Shirley
      June 10, 2016

      Hi Kent,

      Thanks for your question.

      ANZ’s SWIFT Code: ANZBAU3M

  9. Default Gravatar
    Darren
    May 13, 2016

    Hi i have transferred 15,500,000 usd into my account from overseas how long will it take with ANZ bank and do i need to tell my bank i am receiving that amount from south africa

    • AvatarStaff
      Shirley
      May 16, 2016

      Hi Darren,

      Thanks for your question.

      It will usually reach the receiver’s account within 2 working days assuming everything goes well.

      Letting your recipient bank know is optional, though it may be best since it’s such a large transfer amount.

      Hope this helps.

  10. Default Gravatar
    Nervin
    March 14, 2016

    If i my friend send me money using anz here in our phil bank like banco de oro bank. How can i know that the money is transferred and how can i claim it? Is this like withdrawing money using an atm machine?

    • AvatarStaff
      Shirley
      March 15, 2016

      Hi Nervin,

      Thanks for your question. I’m assuming that your friend is using ANZ and transferring money to the Philippines.

      The transfer usually takes 2 business days – your friend can also get in touch with ANZ directly to enquire if it’s been processed. The money goes directly into your bank account so you can withdraw it from an ATM.

Ask a question
Go to site