Secure money transfers to over 95 countries around the world, but watch out for poor exchange rates.
Quick verdict
Good for
- Safe and secure transfers
- Sending money to a wide range of destinations
- Simple and straightforward transfers
- ANZ Fraud Money Back Guarantee
Not so great for
- Exchange rates
- Fees on some transfers
- Fast transfers
- If you don't have an ANZ account
| Product Name | ANZ International Money Transfer |
|---|---|
| Min. Transfer Amount | AUD 0 |
| Max. Transfer Amount | AUD 1,000,000 |
| Transfer Methods | Online, Phone, Bank Account to Bank Account |
| Transfer Options | One off payments |
| Transfer Speed Minimum transfer time | 1 - 2 days |
| Customer Service | Phone, Email, Branch |
| Available Currencies | AUD, CAD, EUR, FJD, GBP, INR, JPY, NZD, SBD, TOP, USD, VUV, WST |
Learn more about:
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.
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 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.
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.
- 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
- 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.
- 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.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
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?
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
I want to transfer about 600,000 A$ to UK. What is most economical way?
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
Hi,
Can I have the SWIFT code for ANZ Bank Box Hill Branch?
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
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
Hi My Q is what’s the limit u can transfer into Australia
without declare it?
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
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.
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.
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
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
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
Hi,
I would like the swift code for overseas deposit into an ANZ acc in QLD
Thank you
Hi Kent,
Thanks for your question.
ANZ’s SWIFT Code: ANZBAU3M
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
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.
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?
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.