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 16th, 2018
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
BankSA Complete Freedom Account
$40 cash back.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria. New customers get $40 cash back. Open a new account by November 2 & deposit $500 within the first 45 days ($250 for students & under 21s). You need to make sure the account remains open for at least 55 days from the date of account opening. T&C's apply.

BankSA Retirement Access Plus
Designed for over 55's and no longer working.
BankSA Society Cheque Account
Suitable for schools, charities, community and sporting groups and government agencies.
BankSA Concession Account
An everyday account for concession card holders.

Compare up to 4 providers

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)
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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
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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
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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.

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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.
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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

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.

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match 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.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldFirst International Money Transfers

Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.

FC Exchange International Money Transfers

FC Exchange will match any competitor's exchange rates. Conditions apply. No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

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