ANZ International Money Transfers

Related Products

Rates last updated August 24th, 2017

	TorFX International Money Transfers
	Travelex International Money Transfers
	HSBC Multi Currency Account
	Exclusive: OFX (Ozforex) International Money Transfers

ANZ have a large range of options for sending and taking money overseas.

Being one of the big four banks in Australia, ANZ offers a secure, quick and easy way to transfer funds into an overseas account. The money is transferred electronically to the nominated bank account, usually within two business days. By international standards, this is a relatively medium length of time.

You can transfer local currencies to over 60 countries with ANZ, making their service is useful if you're planning on sending money to popular destinations or more exotic countries.

Quick links

Monthly Deposit

$

Calculate

		Monthly Account Fee	Debit Card Access	ATM Withdrawal Fee	Fee Free Deposit p.m.	Details
	ANZ Access Advantage Apple Pay, Android Pay & ANZ Mobile Pay. Take advantage of Apple Pay by linking your ANZ Visa Debit card to an eligible iPhone and seamlessly pay for purchases with your phone.		Visa	$0	$2,000	$0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at ANZ ATMs.	Go to site More
	ANZ Access Advantage with ANZ Seniors Privilege If you're over 60 years of age and receive Centrelink or Veteran's allowance, you can benefit from a ANZ Access Seniors Privilege.		Visa	$0	$0	No monthly fee and unlimited access to ANZ ATMs Phone and Internet Banking, plus branch, cheque and EFTPOS.	More

What are ANZ's exchange rates like?

ANZ offers real-time exchange rates when you send money overseas using ANZ Internet Banking. You can also lock in a rate during the day to make the most of exchange rate movements. The currency exchange rates for ANZ change on a daily basis. Please refer to the image below for an example of exchange rates offered by ANZ on 31 May 2017. This table covers everything from travel cards to physical cash, so the column relevant to international money transfer is the one with the heading ‘IMT/TT’

As you can see, the margin between OFX is less than ANZ. Always remember to add fees to your comparison of money transfer companies.

How much does it cost to transfer money with ANZ?

One of the advantages of using ANZ is that they have a simplified fee structure for their international money transfers. The fees and charges are based on your transaction rather than the currency.

It’s important to note that funds may be subject to commission fees and fees charged by other banks. These fees are usually deducted by the receiving bank.

Sending money overseas

Please see the table below for fees that apply when you send money internationally with ANZ.

Receiving money from overseas

Please see the table below for fees that apply when you receive money internationally with ANZ.

Minimum transfer amount and available countries

The amount you can transfer depends on the method you choose. For example, if you use internet banking, your ‘pay anyone’ limit will apply. For phone banking, your limits and restrictions are determined on a case-by-case basis, depending on your situation.

Currencies available with ANZ (online)

Currencies available from ANZ (exchange centres)

What types of transfers can you carry out with ANZ?

• Internet banking - If you’ve registered for online banking, you can purchase currencies online through ‘international services’ in the ‘pay and transfer’ section of the ANZ banking portal. You can use your existing ANZ account or ANZ credit card.
• Phone banking - You can purchase currencies using your ANZ transaction account.
• Through a branch or ANZ exchange centre - All you’ll need to do is visit the location and instruct your ANZ consultant on what you’d like to transfer.
• Forward Exchange Contracts (FEC) - If you have a feeling that a certain currency is about to appreciate or depreciate, then you may want to consider a FEC with ANZ. This allows you to lock in a future transfer at an agreed exchange rate, meaning you don't have to worry about currency fluctuations in the meantime.
• Set up regular transfers - When using the online option, you can choose to set the frequency.

What are my customer service options?

If you’re ever stuck when you’re transferring funds with ANZ, you can always pop into one of their branches or Foreign Exchange centers.

What's the registration and transfer process?

To send money internationally, you’ll need to be an existing ANZ customer.

What you’ll need as a sender:

• Full name, address, account number for the recipient
• The currency and amount
• Name, branch number and address for SWIFT Bank Identifier Code (BIC) of the recipient’s bank
• IBAN for payments made into Europe or the UK, or Routing Number for payments into the US.

What you’ll need as the recipient:

• ANZ’s SWIFT Code: ANZBAU3M
• Your ANZ branch name, address, account name, full account number.

What are the pros and cons of using ANZ to send money overseas?

What other products and services does ANZ offer?

• International drafts. This is a bank cheque drawn in a foreign currency, which can be deposited in a bank account overseas.
• ANZ Travel Card. Load up to 10 currencies on your card and have a secure and easy way to access your money while on holiday.
• Travellers Cheques. ANZ uses American Express travellers cheques that are available in six denominations.
• ANZ Cash Packs. This is a handy, pre-selected mix of currencies that lets pay for minor expenses. They’re designed so you can begin your holiday as soon as you arrive.

Frequently asked questions about ANZ international money transfers

While ANZ doesn’t have the most competitive exchange rates, they do provide a lot of support for their customers who want to transfer money internationally. As a large bank, you can also have peace of mind in terms of security when transferring your funds.