Commonwealth Bank | International Money Transfer

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 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

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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.

You transfer

Recipient gets

Commonwealth Bank Rate 0.6754

Currency	At today's Commonwealth Bank Rate, 1 AUD buys*	For 10,000 AUDrecipient will get
Australian Dollars (AUD)	AUD0.0	AUD 0
United States Dollars (USD)	USD0.6754	USD 6,746
Euros (EUR)	EUR0.5693	EUR 5,686
Great Britain Pounds (GBP)	GBP0.5176	GBP 5,170
Canadian Dollars (CAD)	CAD0.8873	CAD 8,862
Danish Krone (DKK)	DKK4.2364	DKK 42,313
Hong Kong Dollars (HKD)	HKD5.2339	HKD 52,276
Indian Rupee (INR)	INR49.7201	INR 496,604
Japanese Yen (JPY)	JPY70.71	JPY 706,251
New Zealand Dollars (NZD)	NZD1.0225	NZD 10,213
Norwegian Krone (NOK)	NOK6.232	NOK 62,245
Saudi Riyal (SAR)	SAR2.5316	SAR 25,286
Singapore Dollars (SGD)	SGD0.9167	SGD 9,156
Sri Lankan Rupee (LKR)	LKR123.7561	LKR 1,236,076
South African Rand (ZAR)	ZAR10.9355	ZAR 109,224
Swedish Krona (SEK)	SEK5.9025	SEK 58,954
Swiss Francs (CHF)	CHF0.6105	CHF 6,098
Thai Baht (THB)	THB21.13	THB 211,046
UAE Dirham (AED)	AED2.479	AED 24,760

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