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NAB international money transfers

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.

NAB Exchange rates

Rates and fees verified as correct at 23 January, 2021. Other information correct at the time of writing. Advertiser disclosure.

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.

NAB Rate 0.7402

Currency At today's NAB Rate, 1 AUD buys* For 10,000 AUDrecipient will get
United States Dollars (USD)
USD0.7402 USD 7,395
Euros (EUR)
EUR0.6077 EUR 6,071
Great Britain Pounds (GBP)
GBP0.5405 GBP 5,400
Canadian Dollars (CAD)
CAD0.9418 CAD 9,409
Danish Krone (DKK)
DKK4.5204 DKK 45,159
Hong Kong Dollars (HKD)
HKD5.7375 HKD 57,318
Indian Rupee (INR)
INR54.494 INR 544,395
Japanese Yen (JPY)
JPY76.74 JPY 766,633
New Zealand Dollars (NZD)
NZD1.0349 NZD 10,339
Norwegian Krone (NOK)
NOK6.281 NOK 62,747
Philippine Peso (PHP)
PHP35.46 PHP 354,245
Saudi Riyal (SAR)
SAR2.7752 SAR 27,724
Singapore Dollars (SGD)
SGD0.9832 SGD 9,822
South African Rand (ZAR)
ZAR11.1965 ZAR 111,853
Swedish Krona (SEK)
SEK6.1353 SEK 61,292
Swiss Francs (CHF)
CHF0.6545 CHF 6,538
Thai Baht (THB)
THB22.406 THB 223,836
UAE Dirham (AED)
AED2.714 AED 27,113
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Transferring money overseas via NAB

  • Transfer maximum: If you’re using online banking you’ll only be able to transfer funds up to your online banking pay anyone limit. The default is $5000 but you can transfer up to $20,000 if you are registered for SMS security. You may need to increase this if you are making a large transfer but you’ll need to visit a branch.  
  • Speed of transfer: It generally takes 1-3 business days for the funds to hit your recipient's account from the time of transfer, though it can take longer for less frequently traded currencies. Also you will need to be aware of cut off times for processing.
  • Transfer Fees: It is cheaper for you to transfer your money yourself using internet banking which is charged at a flat fee of $22. In person at a branch costs $30. The fee isn’t based on the transfer amount or currency it is charged per transaction.
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IMT Services at NAB

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 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 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 payments

You've started your own custom design t-shirt business and you've got to regularly pay your suppliers based in China.

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Why choose NAB for your international money transfer?

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:

  • Easy to use online banking platform with explainer videos
  • NAB is one of Australia’s biggest banks
  • You have over 100 currencies to choose from
  • You have the option of doing-it-yourself or visiting a branch
  • NAB charges a flat fee for IMT, fees are not based on currency or transfer amount
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How to transfer money with 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:

  • Full name, address and account number for the person you want to send the money to (not a post office address)
  • Currency and amount that you want to send
  • The IBAN or bank account number
  • A SWIFT code or BIC (this identifies their bank) or the full bank address
  • Any other information they have like sort codes or routing codes

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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.