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 08 December, 2016. 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 0.7118||USD 7,102|
|Euros (EUR)EUR||EUR 0.6619||EUR 6,604|
|Great Britain Pounds (GBP)GBP||GBP 0.5641||GBP 5,629|
|Canadian Dollars (CAD)CAD||CAD 0.9422||CAD 9,401|
|Danish Krone (DKK)DKK||DKK 4.9233||DKK 49,125|
|Hong Kong Dollars (HKD)HKD||HKD 5.5204||HKD 55,083|
|Indian Rupee (INR)INR||INR 48.886||INR 487,785|
|Japanese Yen (JPY)JPY||JPY 80.95||JPY 807,719|
|New Zealand Dollars (NZD)NZD||NZD 0.9947||NZD 9,925|
|Norwegian Krone (NOK)NOK||NOK 5.949||NOK 59,359|
|Philippine Peso (PHP)PHP||PHP 35.19||PHP 351,126|
|Saudi Riyal (SAR)SAR||SAR 2.6687||SAR 26,628|
|Singapore Dollars (SGD)SGD||SGD 1.0096||SGD 10,074|
|South African Rand (ZAR)ZAR||ZAR 9.6343||ZAR 96,131|
|Swedish Krona (SEK)SEK||SEK 6.4621||SEK 64,479|
|Swiss Francs (CHF)CHF||CHF 0.7168||CHF 7,152|
|Thai Baht (THB)THB||THB 25.744||THB 256,874|
|UAE Dirham (AED)AED||AED 2.5857||AED 25,800|
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:
* 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.