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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AUD 1
Min. Transfer Amount
AUD 1,000,000
Max. Transfer Amount
2 days
Transfer Speed
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Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
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.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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 take
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.
Country
Regulated by
Australia
Australian Securities and Investments Commission (ASIC)
New Zealand
Department of Internal Affairs
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.
Navigate your way to the ANZ website and select the type of account you want to open from the "Apply for" drop-down menu.
You'll need to provide your name, date of birth, contact details and information about the type of account you want to open. You'll also be required to provide proof of ID.
The next step is to visit the ANZ Internet Banking homepage and click "Register". You'll need to enter the Customer Registration Number and Telecode you were provided when signing up for an account, plus set up the email address and password you will use to access your account.
You'll need to register for International Services before you can send money overseas. To do this, log into your Internet Banking account and select "International Services" from the "Payments" menu. You'll then need to read and accept the terms and conditions before clicking the "Apply" button.
How do I make an international money transfer with ANZ?
You can send money overseas with ANZ by completing the following steps.
Log in to your ANZ Internet Banking account.
Select the account you'd like to transfer money from.
Add a new international payee or choose an existing payee.
Select the currency and amount you'd like to send.
Click "Get rate" to see the exchange rate and fee that will apply to your transaction.
Accept the terms and conditions.
Enter your recipient's address details.
Enter a message to your recipient.
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.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Frequently asked questions
Once you click "Get rate" during the transfer process, the exchange rate you're quoted will last for 10 minutes.
You can do this by logging into Internet Banking and using the "View past payments/transfers" function.
The maximum amount you can transfer depends on your daily Pay Anyone limit. You can change your Pay Anyone limit by accessing the "Settings" or "Payment" menus in your Internet Banking account.
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply. Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
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.
Better exchange rates for Finder customers. WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
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?
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.
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.
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.
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.
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.
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.
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.
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
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.
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
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?
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.
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