How to receive an international transfer with NAB

Find everything you need to know to receive an international bank transfer with NAB.

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This guide explains what you will need to give the sender in order to receive a money transfer through National Australia Bank (NAB) and some of the aspects to consider in a transfer.

Where can I find the information I need to receive a transfer to my NAB account?

To receive a transfer from overseas with NAB, your sender will need to know the following details:

  • Bank name: National Australia Bank (NAB)
  • BIC/SWIFT code: NATAAU3303M
  • BSB and account number: You can find your BSB and account number on your bank statements
  • Your name and address: Your full name and address (cannot be a post office box).

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

What fees are involved for the receiver?

Unlike some other methods of receiving money, getting an international bank transfer is not free and banks will charge a range of fees. This will be taken from the amount sent.

Transfer typeFee
To your NAB accountUp to $15
To a non-NAB account with NAB as an intermediaryUp to $30
Overseas currency received by NAB and transferred to another bankUp to $35
Documentary payment orders and complex receiving instructionsThe higher of either $30 or 0.2% of the total transfer amount, to a maximum of $600.

NAB's fees explained

The fees for receiving money are just one of the fees that may apply to an international transfer. Other fees could include:

  • Sending fee. The sender will typically pay a fee for initiating the transfer.
  • Correspondent bank fee. When the money passes through other banks en route to you, those banks will take a cut of the money in exchange for processing it. You can see how much NAB charges for transfers to non-NAB accounts for a sense of how much these correspondent fees can be.
  • Currency exchange costs. Currency exchange will typically be done at less-than mid-market rates and can take a significant cut of the total transfer.
  • Miscellaneous fees. Miscellaneous fees may also apply, such as an additional fee for the sender if they want to pay all the fees up front rather than have correspondent banks take a cut of the transfer en route.

What form can I receive the transfer in?

There are several different ways of receiving a transfer. Each has its own pros and cons.

  • Direct to your bank account. You can receive funds directly to your bank account. This is often one of the more cost-effective options.
  • Bank draft. This is like a cheque that can only be deposited into your NAB bank account. It's paid for up-front by the sender at the time they send it so it won't "bounce".
  • Cheque. When made out to you, this is like a bank draft, except the sender pays at the time the cheque is cashed.
  • Money order. This is a more flexible bank draft. It's paid up front and can be cashed later in a range of locations such as post offices.

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

How NAB international money transfers work

Are there cheaper alternatives to NAB?

Banks are typically some of the most expensive options for international money transfers, but you can find cheaper options. Our table below lets you compare the services you can use to send money overseas. By inputting how much you want to transfer and to what currency, you'll be shown live exchange rates, fees and more.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.661 USD
6,607
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 0.678 USD
6,784
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 0.678 USD
6,784
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 0.678 USD
6,784
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 0.678 USD
6,784
$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 0.678 USD
6,784
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 0.678 USD
6,784
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.674 USD
6,742
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 0.673 USD
6,727
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 0.681 USD
6,781
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 0.676 USD
6,757
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.

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Important Information*
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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