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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.
To receive a transfer from overseas with NAB, your sender will need to know the following details:
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 type | Fee |
---|---|
To your NAB account | Up to $15 |
To a non-NAB account with NAB as an intermediary | Up to $30 |
Overseas currency received by NAB and transferred to another bank | Up to $35 |
Documentary payment orders and complex receiving instructions | The higher of either $30 or 0.2% of the total transfer amount, to a maximum of $600. |
The fees for receiving money are just one of the fees that may apply to an international transfer. Other fees could include:
There are several different ways of receiving a transfer. Each has its own pros and cons.
If you want to pick up cash, see which money transfer services can help you out here.
How NAB international money transfers work
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.
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