ANZ international money transfers review

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.

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4.8 ★★★★★ (16 reviews) Write a review

AUD 1

Min. Transfer Amount

AUD 1,000,000

Max. Transfer Amount

2 days

Transfer Speed

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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 0.689 USD
6,886
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. 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
GBP 0 1 - 2 days AUD 0.00 0.707 USD
7,067
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.709 USD
7,091
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.709 USD
7,086
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.709 USD
7,088
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.709 USD
7,086
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.708 USD
7,081
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Within an hour AUD 3.99 0.703 USD
7,028
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.709 USD
7,055
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.711 USD
7,077
Exclusive: New customers sending over 500 AUD from Australia use code FINDER50 to get 50 AUD off. Pay zero fees on your first transaction. Valid till 31 December 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 52.00 0.708 USD
7,044
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.704 USD
7,036
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.709 USD
7,086
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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 Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

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57 Comments

    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?

      Avatarfinder Customer Care
      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

    Default Gravatar
    bocock
    October 12, 2018

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

      Avatarfinder Customer Care
      Joshua
      October 17, 2018

      Hi Kendacie,

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

      If you are looking for a cheap way to send money to the UK, you may want to use our comparison table to compare service based on their fees, exchange rates, minimum transfer amount and speed. Click 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

    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

    Avatarfinder Customer Care
    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 by selecting any providers under ‘Services’ on the bottom left-hand side of our international money transfer page.

    Other information required by ANZ:

    – Your ANZ branch name
    – Address
    – Account name
    – Full account number.

    Hope this has helped.

    Clarizza

    Default Gravatar
    Ray
    September 26, 2016

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

      Avatarfinder Customer Care
      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

      Avatarfinder Customer Care
      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.

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