In this guide, we'll go through everything you need to know when receiving money from overseas with ANZ, from SWIFT codes to all the fees it's worth knowing about in advance.
To receive an ANZ money transfer you'll need to provide:
The fees will vary depending on where the money is coming from, whether the currency needs to be converted and which bank you're using.
ANZ will typically deduct these fees from your money before depositing it into your account. Some of the fees include:
| Transfer type | Fee |
|---|---|
| Payment to ANZ bank account | Up to $15 |
| Payment to non-ANZ bank account | Up to $25 |
| Unconverted foreign currency payment to a non-ANZ foreign currency bank account | $35 |
| Bank cheque issued for amounts of $100 and over | $27 |
| Payments made on application and identification | $20 |
These receiving fees aren't the only costs. There are other fees, and they're also going to be deducted from the amount of money you're receiving. Once you add up all these fees, you'll typically receive less money than was originally sent.
Senders can opt to pay these fees up-front, but this generally incurs additional costs.
Other fees include:
Because there are no many fees and conversions involved in bank transfers, it's almost always cheaper to use specialist money transfer services.
| Response | WA | VIC | SA | QLD | NSW |
|---|---|---|---|---|---|
| Money transfer specialist (eg. TorFX or Western Union) | 4.5% | 6.51% | 1.23% | 2.27% | 3.9% |
| Bank | 3.6% | 3.77% | 4.94% | 3.18% | 2.79% |
| Other | 0.9% | 0.34% | 1.23% | 1.82% | 0.56% |
You can receive an international transfer in several different ways.
If you want to pick up cash, see which money transfer services can help you out here.
How ANZ international money transfers work
Many providers offer cheaper money transfers than ANZ. If you opt to receive your funds through a specialist money transfer service, rather than through ANZ, you could end up with more in your pocket.
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Hi
First can I ask if you have heard of a bank in the USA called Capital 401 Bank?
If so is it a real bank or just a scam.Also when i try to transfer money from them to ANZ they ask for a IMF code would that be right.
Any help would be great
Rory
Hi Rory, The information available online suggests that Capital 401 has an extremely low trust score. This is a strong indicator that the website may be a scam. You should proceed with caution when interacting with them.