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.
Rates and fees verified as correct at 21 January, 2017. Other information correct at the time of writing.
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*||For 10,000 AUD recipient will get|
|United States Dollars (USD)USD||USD 0.7095||USD 7,079|
|Euros (EUR)EUR||EUR 0.6638||EUR 6,623|
|Great Britain Pounds (GBP)GBP||GBP 0.5764||GBP 5,751|
|Canadian Dollars (CAD)CAD||CAD 0.9507||CAD 9,486|
|Danish Krone (DKK)DKK||DKK 4.9817||DKK 49,707|
|Hong Kong Dollars (HKD)HKD||HKD 5.5036||HKD 54,915|
|Indian Rupee (INR)INR||INR 49.076||INR 489,680|
|Japanese Yen (JPY)JPY||JPY 81.49||JPY 813,107|
|New Zealand Dollars (NZD)NZD||NZD 1.001||NZD 9,988|
|Norwegian Krone (NOK)NOK||NOK 6.035||NOK 60,217|
|Philippine Peso (PHP)PHP||PHP 35.701||PHP 356,225|
|Saudi Riyal (SAR)SAR||SAR 2.6372||SAR 26,314|
|Singapore Dollars (SGD)SGD||SGD 1.0185||SGD 10,163|
|South African Rand (ZAR)ZAR||ZAR 9.6738||ZAR 96,525|
|Swedish Krona (SEK)SEK||SEK 6.3888||SEK 63,747|
|Swiss Francs (CHF)CHF||CHF 0.7149||CHF 7,133|
|Thai Baht (THB)THB||THB 25.16||THB 251,046|
|UAE Dirham (AED)AED||AED 2.6338||AED 26,280|
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.
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:
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:
* 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.