As one of Australia’s big 4 banks NAB has a range of options for personal international money transfers, whether you want to do your transfer yourself online or get help at one of its branches around Australia. You’ll have a wide range of currency options with NAB (over 100), from the more familiar currencies like USD, EURO and Pounds through to currencies like the Peruvian Nuevo Sol or Nepalese Rupee.
Rates and fees verified as correct at 10 July, 2020. Other information correct at the time of writing.
Interested in transferring your funds today, here’s the exchange rates you’ll get for some of the most popular currencies NAB provides money transfers to.
|Currency||At today's NAB Rate, 1 AUD buys*||For 10,000 AUD recipient will get|
|United States Dollars (USD) USD||USD 0.6674||USD 6,667|
|Euros (EUR) EUR||EUR 0.5911||EUR 5,905|
|Great Britain Pounds (GBP) GBP||GBP 0.5291||GBP 5,286|
|Canadian Dollars (CAD) CAD||CAD 0.9069||CAD 9,060|
|Danish Krone (DKK) DKK||DKK 4.4024||DKK 43,980|
|Hong Kong Dollars (HKD) HKD||HKD 5.172||HKD 51,668|
|Indian Rupee (INR) INR||INR 50.629||INR 505,784|
|Japanese Yen (JPY) JPY||JPY 71.3||JPY 712,287|
|New Zealand Dollars (NZD) NZD||NZD 1.0254||NZD 10,244|
|Norwegian Krone (NOK) NOK||NOK 6.3268||NOK 63,205|
|Philippine Peso (PHP) PHP||PHP 32.9||PHP 328,671|
|Saudi Riyal (SAR) SAR||SAR 2.5031||SAR 25,006|
|Singapore Dollars (SGD) SGD||SGD 0.9284||SGD 9,275|
|South African Rand (ZAR) ZAR||ZAR 11.28||ZAR 112,687|
|Swedish Krona (SEK) SEK||SEK 6.145||SEK 61,389|
|Swiss Francs (CHF) CHF||CHF 0.6284||CHF 6,278|
|Thai Baht (THB) THB||THB 21.054||THB 210,329|
|UAE Dirham (AED) AED||AED 2.4247||AED 24,223|
If you’re after a simple way to transfer money overseas NAB provides this service through its standard internet banking platform. So there is no need to sign up for a special IMT account, as long as you have the “pay anyone” and SMS security feature activated in NAB’s internet banking you’re all set to make your first international money transfer.
You can make a one-off transfer or schedule regular payments in advance, the platform gives you flexibility to do all of your international banking yourself.
If you haven’t transferred money internationally before, NAB has videos you can watch that provide step by step instructions, or you can visit a branch and get them to walk you through the process. If you need to transfer a large amount you may need to visit a branch to set up the transfer.
|Spot contractsSpot contracts|
Just made a spontaneous purchase on an 18 Century French Bureau or a villa in Tuscany and need to transfer your deposit pronto.
|Forward contractsForward contracts|
Heard rumours that exchange rates are about to drop and you want to lock in a rate but aren't ready to make your transfer just yet?
|Regular paymentsRegular payments|
You've started your own custom design t-shirt business and you've got to regularly pay your suppliers based in China.
Everyone has different overseas money transfer needs so it’s about finding the right fit for you. If you’re an existing NAB customer you’ll already have the ability to transfer money overseas right now, but if you’re thinking of becoming a customer, here’s a few reasons why you might want to choose NAB:
You’ll need to be a NAB customer and have NAB internet banking set up. It is easy to become a customer, you can do this online, over the phone or at one of NAB branches around Australia. You will need to have NAB Internet Banking and activate the pay anyone and SMS security.
You will need the following information to send an overseas payment: