How to receive an overseas transfer with Westpac

Find out what you need and how much it costs to receive an international transfer when you bank with Westpac.

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This guide explains what information you will need to give the sender when you want to receive an international money transfer through Westpac and offers some alternatives to consider if you want to save money.

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

To receive a transfer from overseas using Westpac, you'll need to give the sender the following information:

  • Your account name, number and BSB: You will need to provide your name exactly as you did when setting up your Westpac account, along with your account number and BSB (bank state branch) number. You can find this information on your bank statements or your online banking site.
  • Westpac's SWIFT code: WPACAU2S.

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

What fees are involved for the receiver?

A range of fees may be involved with international bank transfers. These are typically taken from the payment, so it's common for less money to arrive than was sent.

Westpac takes a receiving fee when your money arrives, but a range of other fees may also apply beyond that.

Transfer typeFee
Receiving money to a Westpac bank account$12
Paid by bank cheque or cash$22
Receiving money to an account at another local bank$24
Monthly fee if you have a foreign currency account with Westpac$5

Westpac's fees explained

There is a flat $12 fee for international payments received into a Westpac bank account, but the original transfer amount could also be reduced due to the following:

  • Sending fees. The first fee in an international bank transfer is typically from the sender's bank
  • Correspondent bank fees. International payments may pass through several different banks en route, and each may take a fee in the process. Each bank's cut may range from about $15 to $30 depending on the situation.
  • Exchange rates. Banks will typically process a currency exchange at below mid-market rates. A single transfer may also require multiple exchanges through an intermediary currency.
  • Additional fees. Additional fees may be charged for certain transfer types, such as international cheques or more complex transfer instructions. If the sender wants to pay the fees up front, that usually incurs an extra fee as well.

What form can I receive the transfer in?

There are several different ways you can receive a transfer.

  • Direct to your bank account. You can receive the funds directly to your bank account. This is usually the most convenient option, but won't suit all situations.
  • Bank draft. Bank drafts are IOUs from the sender, paid up front, which can only be deposited into your bank account. It's essentially like a bank deposit on a piece of paper.
  • Cheque. International cheques are just like regular cheques, but for overseas payments. They are paid at the time you cash the cheque, and so they might "bounce" if the sender doesn't have the funds in their account at the time.
  • Money order. Money orders are similar to bank drafts in that they are paid in full at the time of purchase, but they can be cashed in a wider range of locations including post offices.

How Westpac international money transfers work

Are there cheaper alternatives to Westpac?

Bank transfers are usually not the cheapest option for international payments.

If you're looking for a more cost-effective way to send money, try comparing some other options using the calculator below. Just enter your transfer details, and it will run the numbers and show you how much different services may cost.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 0.765 USD
7,651
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 0.768 USD
7,675
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 2,000 1 day AUD 0.00 0.768 USD
7,675
Send 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 2,000 1 day AUD 0.00 0.768 USD
7,675
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.768 USD
7,675
$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 1 1 day AUD 52.00 0.767 USD
7,628
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 0.762 USD
7,619
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 1 Same day AUD 0.00 0.767 USD
7,668
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.770 USD
7,659
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.763 USD
7,627
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
AUD 1 Same day AUD 3.99 0.761 USD
7,611
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 0.771 USD
7,672
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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 Send International Money Transfers
Send International Money Transfers

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

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

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

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