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).

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