Overseas Payments with Westpac International Money Transfers

Send money to international bank accounts online or from a Westpac branch.

Westpac is one of Australia’s Big 4 banks and an internationally recognised company of financial services. If you’re a personal or a business customer, you can request international money transfers to bank accounts in a number of countries. International money transfers with Westpac are easy to complete online, you just need the recipient's personal and bank details.

Westpac charges a flat fee for sending money to an international account. It’s cheaper to send money online than initiating an international money transfer from a Westpac branch. You can even schedule a payment at a later date while locking in the exchange rate for your international money transfer.

Transfer money overseas with a Westpac transaction account

Rates last updated May 27th, 2017
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Westpac Choice – for migrants
Suitable if you're arriving in Australia within 12 months and intend to make a deposit within 6 months.
Mastercard $0 $2,000 $0 account keeping fees for the first year, then a $5 monthly fee applies. Unlimited free withdrawals at St.George, Westpac, BankSA or Bank of Melbourne ATMs in Australia. Go to site More
Westpac Choice
$0 ATM withdrawal fee at 50,000+ ATMs globally.
Via Westpac's Global ATM Alliance. Get Cash without your debit card (conditions apply).
Mastercard $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 St.George, Westpac, Bank of Melbourne and BankSA ATMs. Go to site More

Minimum transfer amount and available countries

Westpac allow you to make payments in the following currencies. Westpac don’t list a minimum transfer amount; however, transfer fees can run in excess of $20. It makes sense to transfer a considerable amount more than this to be make the transfer a cost effective transaction.


Due to government regulations, you can’t buy currencies of the following countries:

    • Syria,
    • Cuba,
    • Iran,
    • Iraq,
    • Libya or
    • Sudan.
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What types of transfers can you carry out with Westpac?

Westpac offer international money transfers to the countries using the currencies listed in the above table. You may be able to buy other currencies which aren’t listed above, you’ll need to contact Westpac to find out whether they can complete your international money transfer request.

Westpac offer:

      • Online international money transfers,
      • Telegraphic transfers, or
      • International bank drafts.

Westpac business customers can choose from:

      • Foreign Exchange Option transactions, or
      • Foreign Exchange Spot transactions.

Westpac also offer a range of business services for Asian foreign exchange transactions. Information about Asian FX Transaction services are available upon request.

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The registration and transfer process

Register for Westpac internet banking to make an online payment. Payments to international accounts can take between 4 - 6 business days to clear in the recipient’s account.

      • In the ‘make a payment’ menu, select the option that allows you to create a new payee.
      • Select international payment and choose the payee’s country.
      • Enter the payee’s bank details. Ensure you have the IBAN (International bank account number), bank name and branch address on handy. You may also need the 8 - 11 digit SWIFT code. You’ll need the IFSC for payments to an Indian bank account. You can search for this information from within the Westpac online banking facility.
      • Enter the payee’s bank details including the payee’s account name, account number and address (optional).
      • You can now select the currency, enter the amount you want to send and select the time to make the payment.
      • The next step is to confirm the transaction and wait for the Westpac SMS protect code to be sent to your mobile or landline telephone.
      • Enter the code to authorise the payment.
      • You’re provided with a receipt for the transaction.

To carry out an overseas telegraphic transfer bring your identification and details of the recipient's bank such as the address and bank name as well as the recipient's personal details to carry out a telegraphic transfer.

Westpac also arrange international bank draft transfers. This international money transfer can take between 4 - 6 weeks to clear.

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What are the pros and cons of using Westpac overseas transfers?


  • Existing bank. There’s no need to register for a new account with another international money transfer service. Simply login to Westpac online banking or visit a branch to make a transfer.
  • High limits. The international overseas telegraphic limit is $25,000. Online transfers are subject to your internet banking and transaction account daily limits.
  • Business solutions. Business customers can benefit from foreign exchange services such as specialist Asian services and foreign exchange forward options contracts.


  • Fees. International transfers from your bank account can be expensive. You may find cheaper transfer options from specialist international payment companies.
  • Limited personal transfer options. Options and forward options contracts are available to Westpac business customers only.
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What other products and services does Westpac offer?

Westpac provide a number of travel money services besides international money transfers.

      • Westpac Global Currency Card - This travel money card from Westpac is a prepaid Visa product allows you to load Australian dollars and convert the funds to up to 11 different foreign currencies. You can hold up to 5 different currencies on the card at a time. Spend in a currency loaded on the card to avoid the fee for currency conversion.
      • Global ATM Alliance - Westpac has partnerships with leading international banks. Use an ATM offered by a Westpac Global ATM Alliance partner so you can save on international ATM fees when you make cash withdrawals overseas.
      • International travel insurance - Get protected next time you travel overseas by taking out an international travel insurance policy with Westpac. You may also eligible to get complimentary international travel insurance when you purchase your travel ticket with your eligible Westpac credit card.
      • Foreign cash - Order up to $20,000 of foreign cash online through the Westpac website and collect the money before you leave Australia.
      • Travellers cheques - Westpac and American Express can provide you with travellers cheques to use on your next holiday. Travellers cheques are safer than carrying cash and can be exchanged for foreign currency when you arrive at your destination.

Frequently asked questions

The maximum limit for sending money overseas depends on how the request is initiated.

      • Send up to $25,000AUD by overseas telegraphic transfer.
      • Order up to $10,000 in foreign cash, banknotes and travellers cheques.

SWIFT codes and BICs are the same thing. This is an international code for identifying different financial institutions. SWIFT is an abbreviation for ‘Society for Worldwide Interbank Financial Telecommunication’ and is 8 - 11 digits long. The Westpac SWIFT code is WPACAU2S.

You may need to enter an IBAN for international payments to IBAN recognised countries. Australian banks use SWIFT code and most European banks use IBAN codes. An IBAN code is used to identify a specific bank account and can be up to 30 digits long.

You can make international payments from your Westpac online banking facility. To register for internet banking, visit the Westpac website and have your 8-digit customer ID and a recent statement on hand. You can also complete the process over the phone by calling Westpac on 1300 655 505.

If you’re a Westpac customer, an international money transfer from your Westpac account can be a convenient albeit an expensive way to send money overseas. Compare providers when you want to send money to an overseas bank account so you can get the best deal on your foreign exchange deal.

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2 Responses to Overseas Payments with Westpac International Money Transfers

  1. Default Gravatar
    VALERIE | March 27, 2016

    I have a Westpac account. US$9500 is to be transferred to me shortly from a lawyer in USA and I am wondering what fees Westpac will charge or if there is a better way to transfer the money to Australia.

    • Staff
      Shirley | March 29, 2016

      Hi Valerie,

      Thanks for your question.

      Westpac charges a $12 fee for international money transfers directly deposited into the Westpac bank account.

      Our research shows that you can save money on international money transfers using a specialist money transfer service. You may want to compare them to see what your options are.

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