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Overseas payments with Westpac international money transfers

Send money to international bank accounts online or from a Westpac branch.

Westpac is one of Australia’s Big 4 banks and an internationally recognised company of financial services. If you’re a personal or a business customer, you can request international money transfers to bank accounts in a number of countries. International money transfers with Westpac are easy to complete online, you just need the recipient's personal and bank details. Westpac charges a flat fee for sending money to an international account. It’s cheaper to send money online than initiating an international money transfer from a Westpac branch. You can even schedule a payment at a later date while locking in the exchange rate for your international money transfer.

Take a look at the live currency exchange rates on offer from Westpac

Transfer money overseas with a Westpac transaction account

Data indicated here is updated regularly
Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee
Westpac Choice
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria. Access more than 50,000 ATMs globally for free via the Global ATM Alliance.
Westpac Choice – for migrants
This account is suitable if you're arriving in Australia within 12 months and intend to make a deposit within 6 months.
Westpac Choice Student
Westpac Choice Student is an everyday account for full-time tertiary students.
Westpac Business One Account - High Plan
An account designed to handle all of your large volume business transaction needs.

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Minimum transfer amount and available countries

Westpac allows you to make payments in the following currencies. Westpac doesn’t list a minimum transfer amount; however, transfer fees can run in excess of $20. It makes sense to transfer a considerable amount more than this to make the transfer a cost-effective transaction.


Due to government regulations, you can’t buy currencies of the following countries:

  • Syria,
  • Cuba,
  • Iran,
  • Iraq,
  • Libya or
  • Sudan.

What types of transfers can you carry out with Westpac?

Westpac offers international money transfers to the countries using the currencies listed in the above table. You may be able to buy other currencies which aren’t listed above, you’ll need to contact Westpac to find out whether they can complete your international money transfer request. Westpac offer:

  • Online international money transfers,
  • Telegraphic transfers, or
  • International bank drafts.

Westpac business customers can choose from:

  • Foreign Exchange Option transactions, or
  • Foreign Exchange Spot transactions.

Westpac also offers a range of business services for Asian foreign exchange transactions. Information about Asian FX Transaction services is available upon request.

What's the difference between telegraphic transfers, bank drafts and money transfers?

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The registration and transfer process

Register for Westpac internet banking to make an online payment. Payments to international accounts can take between 4 - 6 business days to clear in the recipient’s account.

  • In the ‘make a payment’ menu, select the option that allows you to create a new payee.
  • Select international payment and choose the payee’s country.
  • Enter the payee’s bank details. Ensure you have the IBAN (International bank account number), bank name and branch address on handy. You may also need the 8 - 11 digit SWIFT code. You’ll need the IFSC for payments to an Indian bank account. You can search for this information from within the Westpac online banking facility.
  • Enter the payee’s bank details including the payee’s account name, account number and address (optional).
  • You can now select the currency, enter the amount you want to send and select the time to make the payment.
  • The next step is to confirm the transaction and wait for the Westpac SMS protect code to be sent to your mobile or landline telephone.
  • Enter the code to authorise the payment.
  • You’re provided with a receipt for the transaction.

To carry out an overseas telegraphic transfer bring your identification and details of the recipient's bank such as the address and bank name as well as the recipient's personal details to carry out a telegraphic transfer. Westpac also arranges international bank draft transfers. This international money transfer can take between 4 - 6 weeks to clear.

Find out what's involved with receiving an overseas transfer to a Westpac account

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What are the pros and cons of using Westpac overseas transfers?


  • Existing bank. There’s no need to register for a new account with another international money transfer service. Simply login to Westpac online banking or visit a branch to make a transfer.
  • High limits. The international overseas telegraphic limit is $25,000. Online transfers are subject to your internet banking and transaction account daily limits.
  • Business solutions. Business customers can benefit from foreign exchange services such as specialist Asian services and foreign exchange forward options contracts.


  • Fees. International transfers from your bank account can be expensive. You may find cheaper transfer options from specialist international payment companies.
  • Limited personal transfer options. Options and forward options contracts are available to Westpac business customers only.
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What other products and services does Westpac offer?

Westpac provides a number of travel money services besides international money transfers.

  • Westpac Global Currency Card - This travel money card from Westpac is a prepaid Visa product allows you to load Australian dollars and convert the funds to up to 11 different foreign currencies. You can hold up to 5 different currencies on the card at a time. Spend in a currency loaded on the card to avoid the fee for currency conversion.
  • Global ATM Alliance - Westpac has partnerships with leading international banks. Use an ATM offered by a Westpac Global ATM Alliance partner so you can save on international ATM fees when you make cash withdrawals overseas.
  • International travel insurance - Get protected next time you travel overseas by taking out an international travel insurance policy with Westpac. You may also be eligible to get complimentary international travel insurance when you purchase your travel ticket with your eligible Westpac credit card.
  • Foreign cash - Order up to $20,000 of foreign cash online through the Westpac website and collect the money before you leave Australia.
  • Travellers cheques - Westpac and American Express can provide you with travellers cheques to use on your next holiday. Travellers cheques are safer than carrying cash and can be exchanged for foreign currency when you arrive at your destination.

Frequently asked questions

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4 Responses

  1. Default Gravatar
    MinoJuly 19, 2017

    I wish to transfer the equivalent to 490 Euro to Europe from Australia. How can I do this by knowing the AUD is buying 0.79 USD?

    • Avatarfinder Customer Care
      HaroldJuly 20, 2017Staff

      Hi Mino,

      Thank you for your inquiry.

      You’ll need to contact Westpac to find out whether they can complete your international money transfer request.
      The options are:
      – Online international money transfers
      – Telegraphic transfers
      – International bank drafts

      I hope this information has helped.


  2. Default Gravatar
    VALERIEMarch 27, 2016

    I have a Westpac account. US$9500 is to be transferred to me shortly from a lawyer in USA and I am wondering what fees Westpac will charge or if there is a better way to transfer the money to Australia.

    • Avatarfinder Customer Care
      ShirleyMarch 29, 2016Staff

      Hi Valerie,

      Thanks for your question.

      Westpac charges a $12 fee for international money transfers directly deposited into the Westpac bank account.

      Our research shows that you can save money on international money transfers using a specialist money transfer service. You may want to compare them to see what your options are.

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