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 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|
|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|
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: