Mozo guides

How long does it take to transfer money overseas?

exchanging between aud and usd

If you’re planning to send an international money transfer (IMT), it's important to understand that these transfers aren’t instantaneous like BPAY.

Sending money overseas may take several days depending on factors such as:

  • which provider you’re using 
  • what currency you’re using or sending 
  • and even which day you make your transfer. 

So it’s possible that your money transfer can take anywhere from two to five business days (or potentially even longer).

However, popular currencies like the USD or the Euro may qualify for 24-hour international money transfer speeds, but this entirely depends on the provider you choose. Each IMT provider has its own estimated transfer speed, so make sure to do your research before choosing one.

How long does it take to send money overseas using an Australian bank?

You can send money overseas with your regular bank, but it might not necessarily be the fastest. Below are the estimated transfer speeds claimed by the big four.

  • Commonwealth: 2 to 5 days
  • ANZ: 2 days
  • Westpac: 2 banking days, but may take longer
  • NAB: 3 days

If you’re looking for faster transfer speeds, consider checking on IMT specialists.

Ready to send money abroad? Scroll below for today’s exchange rates offers for converting AUD to USD. Alternatively, if you want more information, check out our international money transfer guides.

Maria Gil
Maria Gil
Money writer

Maria has five years of journalism experience and is currently a finance journalist covering home loans and property, personal finance and the currency exchange market. She has also completed her ASIC RG146 (Tier 2).

Personal international money transfer comparisons on Mozo

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Last updated 15 December 2024 Important disclosures
I want to transfer
to
Today’s foreign exchange rates
  • Excellent exchange rates, no transfer fees
  • 24/7 transfers online, over the phone or through the TorFX app
  • Personal account management and expert insights

$6,340 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.6340 USD

  • 1-2 days

  • $200 minimum

  • Send to 200+ countries and 100+ currencies globally, 48,000+ 5-star 'Excellent' ratings on TrustPilot
  • Dedicated Australia-based client services team with personal account management for transfers over $20,000
  • Send fees are charged on smaller amount transfers, additional fees are charged on debit and credit card payment methods.

$6,324 USD

  • IN PERSON
    n/a
    BY PHONE
    n/a
    ONLINE
    $5
  • $0.6327 USD

  • 1-3 days

  • none

  • Fee Free transfers
  • Talk to a human, 24/7. Sharp Rates and Fast and Secure transfers.
  • Australian owned, ASX listed and Official Foreign Exchange Provider of the NHL

$6,296 USD

  • IN PERSON
    n/a
    BY PHONE
    $0
    ONLINE
    $0
  • $0.6296 USD

  • 1-2 days

  • $250 minimum
    $500 monthly minimum for regular transfers

  • 48 hour fixed rates, receive 5 fee-free transfers
  • Fast, secure transfers, up to 8x cheaper than the banks
  • Send and receive money in 20+ currencies

$6,290 USD

  • IN PERSON
    n/a
    BY PHONE
    $5
    ONLINE
    $5
  • $0.6293 USD

  • 1-2 days

  • Minimum transfer amount is $10 AUD


* The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.

^See information about the Mozo Experts Choice International Money Transfer Awards

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