Commonwealth Bank

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 05 April, 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 0.5666 USD 5,659
Euros (EUR) EUR
EUR 0.5238 EUR 5,232
Great Britain Pounds (GBP) GBP
GBP 0.4614 GBP 4,608
Canadian Dollars (CAD) CAD
CAD 0.803 CAD 8,020
Danish Krone (DKK) DKK
DKK 3.9079 DKK 39,032
Hong Kong Dollars (HKD) HKD
HKD 4.392 HKD 43,867
Indian Rupee (INR) INR
INR 43.2347 INR 431,828
Japanese Yen (JPY) JPY
JPY 61.37 JPY 612,964
New Zealand Dollars (NZD) NZD
NZD 0.9776 NZD 9,764
Norwegian Krone (NOK) NOK
NOK 5.959 NOK 59,518
Saudi Riyal (SAR) SAR
SAR 2.13 SAR 21,274
Singapore Dollars (SGD) SGD
SGD 0.8142 SGD 8,132
South African Rand (ZAR) ZAR
ZAR 10.7203 ZAR 107,074
Swedish Krona (SEK) SEK
SEK 5.7495 SEK 57,426
Swiss Francs (CHF) CHF
CHF 0.5523 CHF 5,516
Thai Baht (THB) THB
THB 18.52 THB 184,978
UAE Dirham (AED) AED
AED 2.0806 AED 20,781

Commbank international money transfer must knows

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: 

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:

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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.