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 February 22nd, 2018
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
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).
Westpac Choice – for migrants
Suitable if you're arriving in Australia within 12 months and intend to make a deposit within 6 months.

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Westpac's foreign exchange rates

Sending money overseas or buying travel money?
CurrencyCurrency codeInternational Payments
United States DollarUSD0.7491
Pound SterlingGBP0.5367
New Zealand DollarNZD1.0341
Indian RupeeINR48.3410
Philippine PesoPHP38.5422
Brunei DollarBND0.9939
Canadian DollarCAD0.9380
CFP FrancXPF71.3100
Chinese YuanCNY4.7069
Danish KroneDKK4.4779
Fiji DollarFJD1.4905
Hong Kong DollarHKD5.8870
Indonesian RupiahIDR
Japanese YenJPY82.3900
Malaysian RinggitMYR
Norwegian KroneNOK5.8277
Pakistani RupeePKR82.3860
Papua New Guinean KinaPGK2.3516
Samoan TalaWST1.7958
Saudi RiyalSAR2.8235
Singapore DollarSGD0.9934
Solomon Islands DollarSBD5.5301
South African RandZAR8.9440
Sri Lankan RupeeLKR115.2800
Swedish KronaSEK5.9247
Swiss FrancCHF0.7015
Thai BahtTHB23.6137
Tongan Pa'angaTOP1.5573
United Arab Emirates DirhamAED2.7374
Vanuatu VatuVUV77.3800

rates current as of 7 February 2018

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

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International Money Transfer Offers

Important Information*
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: WorldFirst International Money Transfers

Chinese New Year Offer - receive $20 credit in your account (T&C's apply) Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade.
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 over 130 currencies.

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4 Responses

  1. Default Gravatar
    MinoJuly 19, 2017

    I wish to transfer the equivalent to 490 Euro to Europe from Australia. How can I do this by knowing the AUD is buying 0.79 USD?

    • Staff
      HaroldJuly 20, 2017Staff

      Hi Mino,

      Thank you for your inquiry.

      You’ll need to contact Westpac to find out whether they can complete your international money transfer request.
      The options are:
      – Online international money transfers
      – Telegraphic transfers
      – International bank drafts

      I hope this information has helped.


  2. Default Gravatar
    VALERIEMarch 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
      ShirleyMarch 29, 2016Staff

      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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