CommBank international money transfers

Take advantage of safe transfers when you send or receive money overseas with Commonwealth Bank (CBA).

The Commonwealth Bank is one of Australia’s leading providers of financial and banking services. With almost $800 million in assets and some 1,100 branches around the country, the Commonwealth Bank is one of Australia’s leading "big four" banks.

As part of its wide range of products and services, CBA allows its customers to make international money transfers. Using the bank’s services, you can transfer funds to more than 200 countries and in over 30 currencies. Some payments take just 24 hours to be processed, while another advantage of using a big bank is that you can enjoy the security of knowing that your transfer will be conducted through the international banking system.

Send and receive money transfers with your CBA transaction account

Rates last updated May 23rd, 2018
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Commonwealth Bank Business Transaction Account
Open business transaction account in less than 10 minutes.
Commonwealth Bank Smart Access
Get unlimited CBA electronic transactions using internet banking, phone banking, ATM and EFTPOS.
Commonwealth Bank Pensioner Security Account
A flexible transaction account that keeps your retirement savings at work.
Commonwealth Bank Streamline Basic
Eligible if you hold a Commonwealth Seniors card, Pensioner Concession Card or Health Care card.

Compare up to 4 providers

CBA exchange rates

As one of Australia’s "big four" banks, Commonwealth Bank’s exchange rates are usually very similar to those offered by the other big banks. In fact, do a comparison across the board between the Commonwealth, ANZ, NAB and Westpac and you’ll find little difference. CBA allows you to transfer money in more than 30 currencies, from common currencies like the Euro through to more exotic offerings like the Czech Koruna.

Bank rates are updated multiple times a day to reflect prevailing market conditions. Check out the screenshot below to get an idea of the rates offered by CBA.

CurrencyCurrency Code(Bank Buys) IMT(Bank Buys) Travel Card(Bank Buys) Travel Chq(Bank Buys) Foreign Cheques(Bank Sells) IMT(Bank Sells) Travel Card(Bank Sells) Travel Chq(Bank Sells) Drafts
US DollarUSD0.80710.80780.80780.81850.72980.73560.73560.7298
Great British PoundGBP0.57800.58150.58150.58170.52020.52140.52140.5202
Argentine PesoARS0000014.793314.79330
Brazilian RealBRL000002.29732.29730
Canadian DollarCAD1.05191.08591.08591.05440.95660.95290.95290.9566
Chilean PesoCLP00000418.9400418.94000
Chinese RenminbiCNY05.29265.292604.66234.58744.58744.6623
Croatian KunaHRK000004.11114.11110
Czech KorunaCZK000014.97900014.9790
Danish KronerDKK4.8827005.04494.40274.34504.34504.4027
Egyptian PoundEGP07.73337.7333005.92215.92210
Fijian DollarFJD1.61020001.49371.41061.41061.4937
Hong Kong DollarHKD6.27896.49636.49636.39545.71395.71965.71965.7139
Hungarian ForintHUF0000189.1530173.0530173.0530189.1530
Indian RupeeINR51.655000047.68300047.68300
Indonesian RupiahIDR000010098.16009615.64009615.640010098.1600
Israeli New ShekelILS2.79270002.51792.30762.30762.5179
Japanese YenJPY85.670089.510089.510087.750076.630077.020077.020076.6300
Kuwaiti DinarKWD0.24230000.21870.18570.18570.2187
Lebanese PoundLBP00001097.7600001097.7600
Malaysian RinggitMYR000002.71922.71920
Mauritian RupeeMUR000023.960021.950021.950023.9600
Mexican PesoMXN0000013.267813.26780
Nepalese RupeeNPR099.741399.74130066.843066.84300
New C/Tahiti FrancXPF77.360000070.720064.460064.460070.7200
New Zealand DollarNZD1.10331.15251.15251.11101.01711.01311.01311.0171
Norwegian KronerNOK6.2240006.50815.65335.47435.47435.6533
Oman RialOMR0.31140000.27980.26170.26170.2798
P.N.G. KinaPGK00002.2980002.2980
Philippine PesoPHP41.921000038.170035.640035.640038.1700
Polish ZlotyPLN2.77710002.48062.34562.34562.48060
Qatari RialQAR000002.46632.46630
Saudi RiyalSAR3.02010002.72472.52972.52972.7247
Singapore DollarSGD1.06641.10811.10811.08120.95910.96080.96080.9591
Solomon Island DollarSBD6.35530005.45115.23025.23025.4511
South African RandZAR9.6833009.68088.74128.68128.68128.7412
South Korean WonKRW0000784.1636725.5636725.5636784.1636
Sri Lankan RupeeLKR123.7300000114.7000110.4400110.4400114.7000
Swedish KronorSEK6.5359006.73346.00105.71975.71976.0010
Swiss FrancCHF0.7668000.82540.69290.68120.68120.6929
Taiwan DollarTWD0000019.734619.73460
Thai BahtTHB24.970026.370026.370025.630022.580022.360022.360022.5800
Tonga Pa'angaTOP000001.44321.44320
Turkish LiraTRY3.08190002.92332.85062.85062.9233
U.A.E. DirhamAED2.94293.06933.06933.00802.69202.63682.63682.6920
Vanuatu VatuVUV85.460000076.960074.770074.770076.9600
Vietnamese DongVND01894118941016678161151611516678
Western Samoa TalaWST000001.64301.64300

It’s also worth noting that if you lodge a transfer via your local branch, you can request that any fees imposed by intermediary or receiving banks will be paid by you rather than the recipient. As an example, if you transfer money to the USA, you’ll have to pay an extra $30 fee in addition to the charge imposed from the table above.

Minimum transfer amount and available countries

There is no minimum payment amount for an international money transfer with CBA. While the standard amount you can send overseas at any one time through NetBank is $2,000, you can apply to have this limit raised to up to $50,000.

CBA allows you to transfer money into more than 30 currencies and to over 200 countries. While there’s no list available that outlines the countries you are unable to transfer to through CBA, transfers to countries such as Afghanistan, Cuba, Iran, Iraq, Syria and Somalia are not available.

CBA allows transfers in the following currencies:


What types of transfers can you carry out with CBA?

  • Internet banking. You can lodge an international money transfer through your NetBank account.
  • In-branch banking. You can lodge a transfer by visiting a branch, but you’ll be charged more for the transaction than if done online.
  • Phone banking. It’s also possible to complete transactions via phone banking.
  • Forward contracts. CBA allows you to lock in an exchange rate now for a transfer you want to make in the future.
  • One-off transfers. You can lodge a one-off transfer with CBA.
  • Regular transfers. You can also set up regular scheduled transfers to automatically send funds overseas.

If you ever need assistance when conducting a CBA international money transfer, there are plenty of customer service options available. As well as seeking help in branch, you can search the bank’s online help resources, ask a question on the CBA community, or even phone for assistance.

The registration and transfer process

Screenshot 2015-10-01 15.45.33You’ll need to be a CBA customer in order to use its money transfer services. You can open an account at a CBA branch by supplying appropriate identification and your contact details. If you wish to sign up for NetBank in order to perform your transactions, you can do this online by supplying details of your Commonwealth Bank debit card, credit card or keycard, plus your mobile phone number.

The first time you lodge an international money transfer via NetBank, you’ll have to click on "Increase Your Limit Now" to set your international money transfer limit.

Once that’s done, select "Transfers and BPAY" and click on "International Money Transfer". Enter the country you’re transferring money to and the recipient’s bank code.

Next, type in the recipient’s bank details and select the account you would like to transfer the funds from.

Finally, enter the amount and currency, and then click "Next" to confirm your transfer.

Most transfers are processed within two to five business days.

What are the pros and cons?


  • Secure. Using a trusted provider like CBA means your transfer is conducted through the secure SWIFT international banking system.
  • Range of options. You can lodge your transfer online, over the phone or in a branch.
  • Range of currencies. With more than 30 currencies available, CBA allows you to send funds to over 200 countries.


  • Fees apply. Fees apply to any international money transfer conducted through CBA.
  • Exchange rates. You’ll typically be able to find better exchange rates from dedicated international money transfer companies.

What other products and services does CommBank offer?

  • Foreign currency accounts. You can choose from 15 major global currencies and send and receive payments to and from overseas without having to repeatedly convert currencies.
  • Travel money cards. A travel money card from CBA allows you to load up to 13 currencies onto your card, which is accepted at more than 35 million locations worldwide. No transaction fees apply to purchases.
  • Travellers’ cheques. The bank offers American Express travellers’ cheques in US Dollars, Euros, Great British Pounds, Canadian Dollars and Japanese Yen.
  • International bank drafts. CBA provides bank drafts in 14 currencies across 19 countries. Drafts are treated as local cheques, allowing recipients to access their money quicker.

FAQs about CommBank overseas transfers

Do I need to be an Australian resident?

Not necessarily. Holders of 457 visas may be able to open a CBA account.

Do I need to be a CBA customer to transfer funds?

Yes, you’ll need to hold an account with CBA before you can use the bank’s international money transfer services.

Is this service available for small businesses?

Yes, small business can use CBA’s services to send money overseas.

How long do transfers take?

Most transfers take between two and five business days to be processed.

CBA offers a quick and easy option when you’re looking to transfer money overseas. However, make sure you compare the rates and fees of CBA with other banks and money transfer services so that you end up using the provider that gives you the best possible deal.

Commonwealth Bank (CBA) offers an easy solution when you’re looking to make an international money transfer. CBA offers transfers into more than 30 currencies and to over 200 countries around the world.

International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantee 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

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

Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app. No transfer fees for personal or business customers.

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.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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
Go to site