How to receive an international transfer with ANZ

How to receive ANZ international transfers, how much it will cost and how to minimise fees

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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.

Where can I find the information I need to receive an ANZ transfer?

To receive an ANZ money transfer you'll need to provide:

  • ANZ branch address. You can find this online at the ANZ website.
  • Your BSB and account number. You can find this by logging into your account or checking a bank statement.
  • ANZ's SWIFT code. This is ANZBAU3M. If your sender is required to enter an 11-digit SWIFT code, they can add XXX to the end so it reads ANZBAU3MXXX.

SWIFT, IBAN and BIC: What's the difference?

What fees are involved for the receiver?

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 typeFee
Payment to ANZ bank accountUp to $15
Payment to non-ANZ bank accountUp 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

ANZ's fees explained

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:

  • Sending fee. There will often be fees for initiating a money transfer through ANZ.
  • Correspondent bank fees. These are the fees taken out by intermediary banks along the payment route.
  • Exchange commissions. Every time a currency is converted en route it will typically lose a bit of itself to exchange rates. The usual procedure is to convert transfers to USD before converting them to AUD, so your money might be converted twice before it arrives.
  • Exchange fees. There may be additional fees for exchanging currencies on top of the commissions charged.
  • Fee for paying the fees up-front. If the sender wants to pay all the fees up-front, to ensure that enough money is left at the other end, they'll usually have to pay an additional fee on top of all the others.

Because there are no many fees and conversions involved in bank transfers, it's almost always cheaper to use specialist money transfer services.

What form can I receive the transfer in?

You can receive an international transfer in several different ways.

  • Direct to your bank account. You can get it sent straight to your ANZ account using the SWIFT network. These are often known as telegraphic transfers or wire transfers. It's reliable but expensive.
  • International cheque. You can receive money as an international cheque in the mail. It can then be cashed or deposited into your bank account. The funds are withdrawn from the sender's account when the cheque is cashed.
  • International bank draft. These are similar to cheques, except they can only be deposited into your ANZ account and are paid for up-front by the sender. This makes them more secure but less flexible than international cheques.
  • Money order. Money orders are very similar to bank drafts, as a pre-paid financial instrument that can be cashed later. The main difference is that they aren't specific to banks, and can instead be bought and cashed at a wider range of approved institutions, such as post offices.

If you want to pick up cash, see which money transfer services can help you out here.

How ANZ international money transfers work

Are there cheaper alternatives to ANZ?

Many providers will 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.

The calculator below lets you see how much different specialist money transfer services may cost, so you can see how much you could save.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.737 USD
7,366
New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.739 USD
7,391
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.739 USD
7,386
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.739 USD
7,388
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.739 USD
7,386
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Same day AUD 0.00 0.738 USD
7,380
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Same day AUD 3.99 0.733 USD
7,326
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.739 USD
7,354
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.741 USD
7,369
Exclusive: New customers sending over 500 AUD from Australia use code FINDER50 to get 50 AUD off. Pay zero fees on your first transaction. Valid till 31 December 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 52.00 0.738 USD
7,342
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.734 USD
7,334
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.739 USD
7,386
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions

More guides on Finder

International Money Transfer Offers

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

New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

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

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

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