Whether you are sending money to relatives, paying your kids' college fees or buying an investment property in Fiji, you can be assured that when you use Westpac for your overseas funds transfer your money will be securely sent. As one of Australia’s largest banks you have access to all major currencies and a range of options for making your transfer from online services through to in-branch assistance.
Rates and fees verified as correct at 25 February, 2020. Other information correct at the time of writing.
Here’s a look at the current exchange rates Westpac has listed for some of the most popular currencies.
|Currency||At today's Westpac Rate, 1 AUD buys*||For 10,000 AUD recipient will get|
|United States Dollars (USD) USD||USD 0.6252||USD 6,246|
|Euros (EUR) EUR||EUR 0.5774||EUR 5,768|
|Great Britain Pounds (GBP) GBP||GBP 0.4854||GBP 4,849|
|Canadian Dollars (CAD) CAD||CAD 0.8309||CAD 8,301|
|Chinese Yuan (CNY) CNY||CNY 4.3952||CNY 43,908|
|Danish Krone (DKK) DKK||DKK 4.3023||DKK 42,980|
|Hong Kong Dollars (HKD) HKD||HKD 4.8988||HKD 48,939|
|Indian Rupee (INR) INR||INR 45.195||INR 451,498|
|Indonesian Rupiah (IDR) IDR||IDR 0.0||IDR 0|
|Japanese Yen (JPY) JPY||JPY 69.27||JPY 692,007|
|Malaysian Ringgit (MYR) MYR||MYR 0.0||MYR 0|
|New Zealand Dollars (NZD) NZD||NZD 0.999||NZD 9,980|
|Norwegian Krone (NOK) NOK||NOK 5.8508||NOK 58,449|
|Philippine Peso (PHP) PHP||PHP 32.0779||PHP 320,458|
|Saudi Riyal (SAR) SAR||SAR 2.357||SAR 23,546|
|Singapore Dollars (SGD) SGD||SGD 0.8794||SGD 8,785|
|Sri Lankan Rupee (LKR) LKR||LKR 114.26||LKR 1,141,457|
|South African Rand (ZAR) ZAR||ZAR 9.4812||ZAR 94,717|
|Swedish Krona (SEK) SEK||SEK 6.0819||SEK 60,758|
|Swiss Francs (CHF) CHF||CHF 0.614||CHF 6,134|
|Thai Baht (THB) THB||THB 19.7459||THB 197,262|
|UAE Dirham (AED) AED||AED 2.3082||AED 23,059|
Westpac has a range of options available to its customers when transferring money overseas. For the internet savvy and do-it-yourself type you can simply use Westpac Online Banking or Westpac Mobile Banking 24/7 to transfer funds to whereever you need to around the globe. There is also the option of going to a local Westpac branch to send your funds.
In addition to standard overseas transfers, Westpac is also able to do overseas telegraphic transfers and international bank drafts but you’ll need to go to a Westpac branch to set up these services.
If you are doing a large international transfer over $100,000, the exchange rate you will get will be different to the standard foreign exchange rates advertised. Should you require this service, you’ll need to talk with Westpac directly either in branch or via its service centre on 1800 244 313.
If you are already a Westpac customer, you can’t beat the convenience of just being able to login to your internet or mobile banking and setting up an international transfer then and there.
Other reasons for choosing a big bank like Westpac include:
You will need to be a Westpac banking customer to transfer money overseas with Westpac. You can set up an account over the phone, online or by visiting a Westpac branch.
One you have a Westpac account you will also need to register for internet banking and Westpac Protect SMS Code.
Before you can send money overseas to a person or business, you will need to get some important information so that your money is sent to the right account overseas. This includes: