Enjoy Convenient and Secure International Money Transfers with BankSA’s Overseas Transfers Service

When you need a quick, convenient and safe way to send money from your bank account to someone overseas, BankSA might offer the solution you’re looking for.

The bank operates an overseas money transfer service for customers, offering a simple and secure way to send funds to destinations all around the world.

BankSA offers competitive exchange rates on all transfers, and it’s easy to place a transfer request through your internet banking account. You can also quickly check the bank’s exchange rates online to see how they compare to the rates offered by other banks and transfer providers, with transfers available in 18 currencies.

Rates last updated October 17th, 2017
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
BankSA Complete Freedom Account
Cardless Cash available. Open one in less than 3 minutes.
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 BankSA, St.George, Westpac and Bank of Melbourne ATMs. Go to site More
BankSA Complete Freedom Student Account
An everyday banking account for students with a linked Visa debit card and $0 monthly account service fee.
Visa $0 $0 No ATM withdrawal fee at over 3,000 BankSA, Bank of Melbourne, St.George & Westpac ATMs around Australia. More
BankSA Retirement Access Plus
Designed for over 55's and no longer working.
Visa $0.50 $20,000 No monthly account service fee - net and phone banking are free but will count towards your monthly fee-free transactions if your account balance is below $20,000 More
BankSA Society Cheque Account
Suitable for schools, charities, community and sporting groups and government agencies.
Visa $0 $0 No monthly fee and free internet and phone banking. More
BankSA Concession Account
An everyday account for concession card holders.
Visa $0 $0 Free unlimited everyday transactions in BankSA branches, St.George, BoM and Westpac ATMs. More

BankSA is the commercial name of the Bank of South Australia, which opened its first branch in 1848. South Australia’s largest financial institution, BankSA became part of the Westpac Group in 2008.

BankSA exchange rates

BankSA offers competitive exchange rates on all overseas money transfers. Rates fluctuate throughout the day to keep pace with changes to the foreign exchange market, and BankSA offers a handy ‘Foreign exchange rates’ page on its website that allows customers to see what rates are being offered for international transfers.

You can also see the current exchange rate when you are processing an international transfer.

CurrencyExchange rate (for 1 AUD)
Back to top

How much does it cost to transfer money with BankSA?

When you send an international money transfer via BankSA internet banking, you’ll need to pay a $20 transfer fee. A higher fee is charged if you place a transfer request by visiting a branch.

You should also be aware that the intermediary bank and/or the overseas bank may also impose charges for handling your transfer request. Check with the relevant bank(s) to find out whether any extra fees will apply to your transaction.

Minimum transfer amount and available countries

While no minimum transfer amount is listed on the BankSA website, the maximum daily transfer limit to international accounts is $50,000. Eligible BankSA customers can send international transfers in the following currencies:

  • Australian Dollar
  • US Dollar
  • Euro
  • Great British Pound
  • Japanese Yen
  • New Zealand Dollar
  • Singapore Dollar
  • Thailand Baht
  • Canadian Dollar
  • Danish Krone
  • Fijian Dollar
  • Hong Kong Dollar
  • Indian Rupee
  • Norwegian Krone
  • Philippine Peso
  • South African Rand
  • Swiss Franc
  • Swedish Krona
Back to top

What types of transfers can you carry out with BankSA?

BankSA allows eligible customers to send fast and secure one-off transfers to international bank accounts. Transfers can be quickly and easily lodged through your internet banking account.

If you ever have a problem with a transaction and need help, you can contact BankSA customer service via phone or email or alternatively visit your nearest branch.

You also have the option to trace, amend or cancel your transaction, but the following fees apply:

  • For a trace: $25
  • To amend a transaction: $15
  • To cancel a transaction $25
Back to top

The registration and transfer process

If you wish to send transfers via your internet banking account, you will first need to register for the BankSA overseas transfer service. You can do this through your online account or by filling out an ‘Internet Banking - Request or Cancel Overseas Telegraphic Transfer Access’ form with your customer details.

You can then access the ‘Overseas Transfers’ function through your internet banking account and provide the details of your transaction, including:

  • The amount of money you wish to transfer
  • Where the money is going
  • The currency you are transferring
  • The recipient’s bank account details

You will ten be able to review the exchange rate and details of your transfer before submitting your transfer request. Payments confirmed before 5pm AEST Monday to Friday will be processed the same day.

Back to top

The good and the not-so-good about BankSA money transfers


  • Convenient. It’s simple and convenient to send money around the world from your BankSA internet banking account.
  • Supported currencies. BankSA offers support for transfers in 18 currencies.
  • Exchange rates. It’s quick and easy to view BankSA’s current exchange rates through its website.


  • Transfer fee. You will need to pay a $20 transfer fee every time you send an international payment online.
Back to top

What other products and services does BankSA offer?

  • Personal banking solutions. BankSa provides a wide range of financial products and services for personal customers, including home loans, credit cards, personal loans, transaction accounts, savings accounts and insurance. Financial planning and superannuation advice is also available.
  • Business banking solutions. BankSA offers business bank accounts, credit cards, payment solutions, loans and business super and insurance options.

Frequently asked questions

You can quickly register online through your internet banking account or by filling out the relevant form, but you’ll need to allow two days for your registration to be processed.

While payments that are confirmed before 5pm AEST Monday to Friday are processed the same business day, the time it will take for the transaction to be completed varies on where you are sending the money.

Yes, you can send money overseas using BankSA’s mobile banking service.

A maximum cumulative daily limit of $50,000 applies to international transfers with BankSA.

BankSA’s overseas transfers service offers a convenient and safe transfer option when you need to send money to a bank account overseas. Make sure that you compare BankSA’s transfer service with the international transaction options offered by other foreign exchange providers.

Was this content helpful to you? No  Yes

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

Exclusive: OFX (Ozforex) International Money Transfers

Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.

Exclusive: World First International Money Transfers

Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.

FC Exchange International Money Transfers

FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in 43 currencies.

Ask an Expert

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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question