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Commonwealth Bank international money transfers

Can you send money overseas with the Commonwealth Bank, yes you can. Commonwealth Bank offers IMT services for its banking customers via its online banking platform NetBank or through the CommBank App. As you would expect from Australia’s biggest bank, you’ll be able to send money easily and safely to over 200 countries in 30 currencies around the world. So, whether you just want to make a small one time payment to a single currency or make regular overseas payments to multiple currencies and accounts, Commonwealth Bank can help you transfer your money internationally.

Today’s exchange rates for CBA

Rates and fees verified as correct at 29 June 2022. Other information correct at the time of writing. Advertiser disclosure.

Need to transfer your money today, here’s a look at the exchange rates CBA has listed for some of the most popular currencies. There are 30 currencies you can transfer via Netbank.

Commonwealth Bank Rate 0.6579

Currency At today's Commonwealth Bank Rate, 1 AUD buys* Indicative amount transferred for 10,000 AUD
Mozo logo United States Dollars (USD)
USD0.6579 USD 6,575
Mozo logo Euros (EUR)
EUR0.6255 EUR 6,251
Mozo logo Great Britain Pounds (GBP)
GBP0.5404 GBP 5,401
Mozo logo Canadian Dollars (CAD)
CAD0.8458 CAD 8,453
Mozo logo Danish Krone (DKK)
DKK4.6284 DKK 46,256
Mozo logo Hong Kong Dollars (HKD)
HKD5.1509 HKD 51,478
Mozo logo Indian Rupee (INR)
INR51.2398 INR 512,091
Mozo logo Japanese Yen (JPY)
JPY88.66 JPY 886,068
Mozo logo New Zealand Dollars (NZD)
NZD1.0588 NZD 10,582
Mozo logo Norwegian Krone (NOK)
NOK6.4254 NOK 64,215
Mozo logo Saudi Riyal (SAR)
SAR2.4524 SAR 24,509
Mozo logo Singapore Dollars (SGD)
SGD0.9122 SGD 9,117
Mozo logo Sri Lankan Rupee (LKR)
LKR223.6114 LKR 2,234,772
Mozo logo South African Rand (ZAR)
ZAR10.5504 ZAR 105,441
Mozo logo Swedish Krona (SEK)
SEK6.6534 SEK 66,494
Mozo logo Swiss Francs (CHF)
CHF0.6236 CHF 6,232
Mozo logo Thai Baht (THB)
THB22.99 THB 229,762
Mozo logo UAE Dirham (AED)
AED2.4006 AED 23,992
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Commbank international money transfer must knows

  • Transfer maximum: The maximum amount you can transfer via NetBank is $50,000. For larger amounts, you can visit your local branch.
  • Speed of transfer: It generally takes 1-3 business days for funds to hit your recipient’s account for the majority of currencies after your payment instructions have been accepted. However,  this timeframe may be affected by the requirements and practices of overseas banks and regulators.
  • Transfer Fees: If you complete your transfer in-branch the cost is $30 or $6 for foreign currency if you use the CommBank App or NetBank.
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International Money Services at Commonwealth Bank

For the bulk of people who need to send money internationally whether occasionally or every month, the international money transfer option on NetBank or via the CommBank App is a convenient and secure way to send money around the globe.

Commonwealth Bank also has a foreign currency account option. This is primarily for people who need to hold savings in another currency or regularly send money overseas. If this type of account is of interest to you, you’ll need to discuss with CommBank directly.

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Why choose CBA for your international money transfer

If you’re looking for convenience and security of a bank, transferring funds internationally with CommBank ticks all the boxes. Some other reasons you might want to choose them for your IMT needs include: 

  • Global reach. You can transfer money to over 200 countries in 30 currencies from NetBank
  • Fees are not based on currency or transfer amount, you get charged a flat fee no matter how much you are transferring
  • Send money anywhere, anytime via NetBank, phone using the CommBank App or at one of the 1000 CBA branches around Australia
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How to transfer money overseas with CommBank

Before transferring money abroad, you'll need to be a Commonwealth Bank customer which you can do by setting up an account online or at one of its branches first. 

When you’re ready to make an international money transfer you will need to get some important information from the person or business you are sending your funds to. This will ensure that your money is sent to the right account overseas. You will need the following information:

  • Bank code, full name and address of the bank that you're transferring to
  • Recipient's name, address and account name
  • Account number or International Bank Account Number (IBAN)
  • Amount and currency you are sending

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*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.