⚡️⚡️⚡️
With energy prices rising, switch to a cheaper plan
💡
Compare Prices Now
⚡️⚡️⚡️

How to receive an international transfer with ANZ

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

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

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.

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 20 of 23
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
TorFX
24 hours
$0

View details
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.
Send Payments
24 hours
$0

View details
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.
HSBC International Money Transfers
24 hours
From $8

View details
Get real time exchange rates when markets are open with flat $8 fee for online international transfers.
Western Union
Within minutes
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
OFX
24 hours
From $15

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
XE Money Transfers
Within minutes
$0

View details
XE has fast transfers with low fees and a range of foreign currency tools.
TorFX
24 hours
$0

View details
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.
Send Payments
24 hours
$0

View details
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.
SingX
Within minutes
0.45%

View details
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.
Wise (TransferWise)
24 hours
From 0.35%

View details
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
Instarem
Within minutes
From 0%

View details
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Remitly
Within an hour
From $2.99

View details
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.
CurrencyFair
Within minutes
From $0

View details
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
WorldRemit
Within minutes
$1.99
SPECIAL OFFER ✓ Use the code ‘4FREEFINDER’ to get 4 free transfers if you are a first time user. Eligible countries only.

View details
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.
MasterRemit
Within minutes
From $1

View details
Send money in minutes at competitive exchange rates with this Australian money transfer service.
SingX For Large Transfers
Within minutes
0.45%

View details
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.
WorldFirst Business Transfers
WorldFirst Business Transfers
24 hours
From $0

View details
All new customers who send more than AUD$10000 in June and July are eligible to receive a $300 Woolworths gift card. Conditions apply.
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Airwallex
Within minutes
$0

View details
Airwallex can help you make business payments to 23+ currencies using competitive interbank rates and no fees for most transfers.
TorFX Business Transfers
24 hours
$0

View details
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.
Send business
Within minutes
$0

View details
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.
loading

Compare up to 4 providers

Frequently asked questions

More guides on Finder

International Money Transfer Offers

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

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.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site