NAB International Money Transfers

NAB offers bank to bank money transfers to overseas accounts with competitive fees and exchange rates.

National Australian Bank or NAB is an Australian banking institution that has worldwide connections. As one of the big four Australian banks they are in a position to offer financial services from their Australian accounts to those overseas.

NAB provides a variety of services in relation to currency exchange and determines their own rates when doing so. These are indicative, and can change as the market does, but they will lock you into the real-time rate at the time of the transaction.

It's worth noting that while NAB does offer convenience if you're already banking with them, you'll often get a better exchange rate and pay less fees elsewhere. Check out some of these below.

Alternatives to NAB when sending money overseas

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 200 1 day AUD 0.00 0.701 USD
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
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AUD 2,000 1 day AUD 0.00 0.701 USD
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.702 USD
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.704 USD
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 250 1 day AUD 0.00 0.701 USD
Sign up through Finder and get a $50 Myer gift card when you send $10,000 or more. T&Cs apply.
SendFX guarantees to match any competitor's exchange rate. Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 200 1 day AUD 0.00 0.701 USD
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.698 USD
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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AUD 1 Within an hour AUD 3.99 0.696 USD
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 3,000 1 day AUD 0.00 0.699 USD
Global Reach 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.
Go to site Show details
AUD 1 1 day AUD 0.00 0.697 USD
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.704 USD
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
Go to site Show details

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The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

NAB exchange rates

NAB offers transfers to over a dozen different nations in their currency. This information is easy to access through their website to find the current exchange rate and even see how much your bank account back home will be credited based on the amount of Australian dollars you are sending.

Exchange rates change with local economies, making it important that you look at the current rates each time you are going to make a money transfer from your NAB account. These will change even throughout one business day. Once your order for a transfer is placed though, the current rate will be locked in.

Take a look at NAB's live exchange rates for today.

How much does it cost to transfer money?

There is more to transferring funds overseas than the exchange rate. These types of services will incur a service charge as well, even with NAB. They charge a flat rate fee of $22 Australian dollars per transaction.

In addition to the fee charged by NAB, you will have to check for any fees charged by the recipient banking institution. They can also charge that account for accepting the transfer and the currency exchange.

Minimum transfer amount and available countries

There are over 100 different nations that you can transfer money to with NAB. When you make your transfer order, they will convert it to the currency of your choice at that time, allowing you to lock in your exchange at that rate.

NAB works for small exchanges in money transfers as well, having no minimums on the amount of cash that is sent.

For various reasons, there are some countries that NAB will not be able to transfer money to, or that can only be initiated at a local branch. This could be due to an uncertain economy and currency or for political reasons. These countries include, but are not limited to:

IranIraqNorth Korea

What types of transfers can you carry out with NAB?

With NAB, you can only transfer money from one bank account to another, allowing money to be deposited directly into a bank account. If you will be making frequent money transfers you may want to look into NAB’s Forward Exchange Contracts (FEC). These allow for you to lock in at a specified exchange rate for a period of 12 months. Of course in doing so, you run the risk of the rate improving and costing you money but you also save if the rate drops in value.

They also offer other types of services for Australians who are traveling overseas. This includes comprehensive travel insurance, travel loans, credit cards, and a NAB traveller card. The NAB traveler card allows you to have up to ten currencies on one convenient card, with the ability to reload online. This is an alternative to cash to consider when traveling overseas.

For the travel card, and their other services, NAB has an emergency system in place where you can receive help with your finances 24 hours a day, 7 days a week.

The registration and transfer process

You will need to have an existing NAB bank account to take advantage of their money transfer services. They do allow you to make the transfer in a branch, but also offer an easy to use online service. Using a branch may also incur additional charges and there is no option of initiating the transaction over the phone.

In order to make the money transfer you will need the SWIFT code of the recipient bank along with the name and address of the recipient and their account information. Depending on where you are sending to, the SWIFT code may be referred to as the Bank Identifier Code (BIC) or International Bank Account Number (IBAN). Once initiated, the transfer should take two to four days before completion.

What are the pros and cons of using NAB?


  • Convenient. Your entire transaction can take place online.
  • Service. You have access to help around the clock if there is a problem with your money transfer.
  • Accessibility. The large number of currencies they deal in makes this service possible for people from all over the world who have settled in Australia.
  • Set fee. Regardless of the receiving country, the fee is always the same.


  • Exchange rate. You may find that non-bank money transfer companies offer better exchange rates.
  • Fees. Some transfer service providers charge on a sliding scale, making the fee lower if you are not transferring large amounts of money.

What other products and services does NAB offer?

As mentioned, NAB offers other products for Australians who are planning to travel outside of the country. This is a closer look at these products:

  • NAB travel card. The travel card allows you to control your vacation funds and track their use online. This card can be used the same as a Mastercard for purchases and cash withdrawals.
  • Travel insurance. NAB offers comprehensive travel insurance that allows for children to be covered for free, plus unlimited medical coverage and personal item coverage including credit cards.
  • Travel loans. You can apply for a personal loan through NAB to cover your travel expenses.
  • Foreign currency cash. You can arrive at your foreign destination with their current currency. NAB is able to offer over 50 different currencies at competitive exchange rates before you get on the plane.
Rates last updated July 23rd, 2019
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Classic Banking
Enjoy convenient, unlimited access to your money.
$0 monthly account fee.
Tap and pay with your NAB Visa Debit card or your phone using Apple Pay, Google Pay, Samsung Pay or NAB Pay for Android. Temporarily block your card at the touch of a button if you lose it.
NAB Business Everyday Account ($0 Monthly Fee Option)
Unlimited standard NAB electronic transactions.
Tap and pay with your NAB Business Visa Debit and your smartphone using Apple Pay, NAB Pay, Samsung Pay or Google Pay.
NAB Business Everyday Account ($10 Monthly Fee Option)
Make unlimited online and staff-assisted transactions for one flat monthly fee.
Enjoy dedicated support from NAB Business bankers available seven days a week.
NAB Classic Banking with Platinum Visa Debit Card
$10 cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance.
$10 monthly account fee.
Receive $10 cashback when you spend $1000 on contactless purchases. Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria.
NAB Personal Overdrafts
Whenever you need a little extra money now and then.
NAB Retirement Account
A retirement account with easy access to your money.

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Frequently asked questions

Is this service available for non-residents?

Yes, so long as they have a NAB bank account.

What’s their refund/dispute handling process?

NAB is accessible around the clock if you are in need of a refund or are having a problem with your transfer.

Is this service available for a small business?

Yes, a small business with a NAB business account can use this service.

How long do transfers take?

Typically it will be two to four business days for the funds to clear in the recipient account.

Is there an app available to conduct transfers?

NAB does have mobile phone access available through an app.

How to check your balance/progress of transferring your money?

This can be done by accessing your bank account.

If a bank to bank money transfer service is what you are looking for, then NAB is a bank to consider. Check their rates and fees with other banks to find the one that can give you the best value.

NAB’s international presence makes them a bank to consider if you are looking for an easy way to transfer money overseas. They deal with a large number of nations, offering competitive rates for their currencies.

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International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Logo for TransferWise International Money Transfers
TransferWise International Money Transfers

Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

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