7.4/10

Based on 46975 Commonwealth Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 28 May 2024. 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.

Currency At today's Commonwealth Bank Rate, 1 AUD buys* Indicative amount transferred for 10,000 AUD
Mozo logo UAE Dirham (AED)
AED2.3337 AED 23,323
Mozo logo Canadian Dollars (CAD)
CAD0.8693 CAD 8,688
Mozo logo Swiss Francs (CHF)
CHF0.5798 CHF 5,795
Mozo logo Danish Krone (DKK)
DKK4.3617 DKK 43,591
Mozo logo Euros (EUR)
EUR0.5877 EUR 5,873
Mozo logo Great Britain Pounds (GBP)
GBP0.4999 GBP 4,996
Mozo logo Hong Kong Dollars (HKD)
HKD4.9817 HKD 49,787
Mozo logo Indonesian Rupiah (IDR)
IDR10120.1877 IDR 101,141,156
Mozo logo Indian Rupee (INR)
INR52.5929 INR 525,613
Mozo logo Japanese Yen (JPY)
JPY99.01 JPY 989,506
Mozo logo Kuwaiti Dinar (KWD)
KWD0.1925 KWD 1,924
Mozo logo Sri Lankan Rupee (LKR)
LKR186.1813 LKR 1,860,696
Mozo logo Norwegian Krone (NOK)
NOK6.655 NOK 66,510
Mozo logo New Zealand Dollars (NZD)
NZD1.0374 NZD 10,368
Mozo logo Omani Rial (OMR)
OMR0.2447 OMR 2,446
Mozo logo Philippine Peso (PHP)
PHP36.4102 PHP 363,884
Mozo logo Saudi Riyal (SAR)
SAR2.3823 SAR 23,809
Mozo logo Swedish Krona (SEK)
SEK6.7361 SEK 67,321
Mozo logo Singapore Dollars (SGD)
SGD0.8602 SGD 8,597
Mozo logo Thai Baht (THB)
THB23.24 THB 232,261
Mozo logo United States Dollars (USD)
USD0.6395 USD 6,391
Mozo logo South African Rand (ZAR)
ZAR11.677 ZAR 116,700
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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

Compare International Money Transfer from major brands including:

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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.