How to receive an international transfer with Commonwealth Bank

Find out what you need to know to receive an international money transfer with CommBank.

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Is someone sending money to your CBA account from overseas? Find out everything you need to know including the SWIFT code, the fees you should know about and what other options you

Where can I find the information I need to receive a CBA transfer?

To receive a transfer with your Commbank account, you'll need to give the sender the following details.

  • Bank name. Commonwealth Bank of Australia is CBA's full, proper name.
  • CBA's BIC/SWIFT code. This is CTBAAU2S, which you can find through the FAQ section of Commbank's website.
  • Your BSB number, account number and account name. You can find this information online in your NetBank account, or can call CBA on 13 2221.
  • Your branch address. Use the CBA branch locator to find the address of your branch.

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

What fees are involved for the receiver?

The fees involved will vary depending on where the money is coming from, the currencies involve, which bank the sender is using and more. These fees are typically taken out of the money en route and deducted from the amount sent.

Transfer typeFee
Transfer made directly to a CBA accountUp to $11
Payment by bank cheque$20
Payment made to a non-customer or transferred to another bank in Australia$25
Bank cheque issued for amounts of $100 and over$27
Payment transferred to a foreign currency account at another bank$35

Fees explained

The fees charged by CBA are listed above, but those are not the only fees which may apply.

In addition to those, the sender's bank or other correspondent banks on the transfer route are likely to apply their own fees. These may include:

  • Sending fee. The sender's bank is likely to charge a fee for the transfer service.
  • Correspondent bank fees. The intermediary banks will typically take a cut of the money as it passes through them.
  • Exchange fees There may be fees charged or commissions taken on the currency exchanging.
  • Exchange fees. There may be fees charged or commissions taken on the currency exchanging.
  • Fees for paying the fees. Many banks will let the sender cover all the fees up front to ensure the correct amount of money arrives, but doing so will often incur an additional fee on top of the cost of the fees themselves.

All of these fees are why specialised money transfer services can be so much cheaper. They can send customer payments in bundles to spread the fees out and use different banks for different transfers to help cut costs.

What form can I receive the transfer in?

You can receive the transfer in several different forms.

  • Bank account deposit. This is the most common option these days. You can get the funds delivered directly to your CBA bank account. These are typically known as telegraphic transfers or wire transfers.
  • International bank draft. A bank draft is like an international cheque that's been paid for up front and in full by the sender. It can only be deposited into the specified bank account, making it a secure option.
  • Cheque. International cheques are similar to international bank drafts, except they're not paid for up front. The funds are only withdrawn from the sender's account when you cash the cheque.
  • Money order. A money order is similar to a bank draft, except it can be deposited and cashed in different places.

If you want to pick up cash, check out what money transfer services can help you out.

Are there cheaper alternatives to Commbank?

Money transfer services will typically be cheaper than bank transfers. If you want to receive more money in your account or want to save the sender some money, you can ask them to use a specialist money transfer service instead.

The table below shows some of the options available.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.662 USD
6,619
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.68 USD
6,797
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.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.68 USD
6,797
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.68 USD
6,797
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.68 USD
6,797
$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
GBP 3,000 1 day AUD 0.00 0.68 USD
6,797
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees as a Finder customer when you transfer your money overseas with Global Reach.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.68 USD
6,797
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.676 USD
6,755
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.674 USD
6,740
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.682 USD
6,793
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 200 1 day AUD 0.00 0.677 USD
6,770
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. 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.

More on sending money with CommBank

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Logo for ANZ International Money Transfer
ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

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

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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