Commonwealth Bank

About Commonwealth Bank Overseas 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 13 July, 2020. 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
Australian Dollars (AUD) AUD	AUD 0.0	AUD 0
United States Dollars (USD) USD	USD 0.658	USD 6,572
Euros (EUR) EUR	EUR 0.5827	EUR 5,820
Great Britain Pounds (GBP) GBP	GBP 0.5219	GBP 5,213
Canadian Dollars (CAD) CAD	CAD 0.8949	CAD 8,938
Danish Krone (DKK) DKK	DKK 4.3396	DKK 43,344
Hong Kong Dollars (HKD) HKD	HKD 5.099	HKD 50,929
Indian Rupee (INR) INR	INR 49.5098	INR 494,504
Japanese Yen (JPY) JPY	JPY 70.24	JPY 701,557
New Zealand Dollars (NZD) NZD	NZD 1.0139	NZD 10,127
Norwegian Krone (NOK) NOK	NOK 6.238	NOK 62,305
Saudi Riyal (SAR) SAR	SAR 2.4676	SAR 24,646
Singapore Dollars (SGD) SGD	SGD 0.9154	SGD 9,143
South African Rand (ZAR) ZAR	ZAR 11.1297	ZAR 111,163
Swedish Krona (SEK) SEK	SEK 6.0585	SEK 60,512
Swiss Francs (CHF) CHF	CHF 0.6194	CHF 6,187
Thai Baht (THB) THB	THB 20.58	THB 205,553
UAE Dirham (AED) AED	AED 2.4164	AED 24,135

Commbank international money transfer must knows

Transfer maximum: The maximum amount you can transfer via NetBank is subject to your daily withdrawal limits.
Speed of transfer: Depending on the currency you are sending it can take up to 5 days. For more popular currencies it generally takes 1-3 business days for the funds to hit your recipient's account.
Transfer Fees: If you complete your transfer in-branch the cost is $30 or $22 if you use the CommBank App or NetBank.

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.

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

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.