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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.

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
AUD 1 2 days AUD 9.00 0.655 USD
6,545
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 0.674 USD
6,736
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 3,000 1 day GBP 20.00 0.674 USD
6,727
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.674 USD
6,736
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 0.674 USD
6,736
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 0.674 USD
6,736
$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
AUD 2,000 1 day AUD 0.00 0.674 USD
6,736
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.67 USD
6,694
Special offer: Pay zero fees on your first 5 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 0.668 USD
6,679
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 day AUD 0.00 0.671 USD
6,709
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


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.

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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 Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

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.

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