Before you begin your International Money Transfer you need to make sure you have a few important pieces of information.
- You’ll need the details of the overseas bank account you’re transfering to, including details of the bank that will receive the funds.
- You’ll also need the recipient’s address.
- Before sending funds, remember to make sure your Pay Anyone daily limit is high enough to cover the total cost of the transfer, including fees and charges.
How do I transfer money overseas?
Step 1 - Choose an account
Choose an account you’d like to transfer money from.
Your eligible accounts are listed in the account choice section. If you have multiple accounts, you can filter them using the ‘Filter accounts’ field.
Step 2 - Choose someone to pay
After choosing an account to transfer from, you can now choose who you'd like to pay.
You can add a new international payee, pay someone you’ve paid before, or update the details of a saved international payee.
Add a new international payee:
To add an international payee, select New Payee. This will open a pop-up window, which will then let you put in your new payee’s details.
You’ll need their country, SWIFT/BIC code, account number/IBAN and account name.
If you want to save this payee for future transfers, select the box next to ‘Save this payee to my international payee list’.
Once you’ve filled out all the required information, select continue to return to your transfer.
Choose an existing payee:
To transfer to one of your existing payees, simply choose their name from your payee list.
If you can’t find the payee you’re after, or you have a lot of saved payees, you can use the search bar to find the one you want.
Step 3 - Enter the details of your transfer
Select a currency from the Send dropdown.
The money you’re sending overseas will be sent in the currency you have chosen. The dropdown will only display currencies that can be processed by ANZ Internet Banking.
Select which currency you’d like to use to calculate the amount of money you’re going to send.
This feature makes it easier for you to understand how much you’re sending. It has no effect on the currency selected in the Send dropdown.
Enter your transfer amount.
The transfer amount will be in the currency you selected in the Calculate in section.
Select ‘Get rate’ to calculate your transfer
This rate will stay current for 10 minutes after you select Get rate.
The 'Exchange details' section shows you the total cost of your transfer in AUD, including fees and charges. Please note that overseas banks may charge their own fees for processing your transfer. These fees may be deducted from the amount your are sending.
Note: The maximum amount that can be transferred overseas by ANZ Banking for Business is $150,000 (AUD), even if your profile’s daily limit amount is higher.
Step 4 - Accept the terms and conditions
We can’t process your transfer if you don’t accept the terms and conditions.
Step 5 - Enter recipient's details
Enter the payee’s street address, city, state (if applicable) and postcode.
Please don’t copy and paste from your clipboard because it can cause an error when you complete your payment. If this happens you’ll need to clear the address details and type them in again manually.
Step 6 - Enter a message to the recipient
You can write a personal message to the recipient of your transfer.
Step 7 - Continue with your transfer
Select Continue to complete the transfer and proceed to the confirmation page.
Note: When you enter your transfer details and select Get Rate, you then have 10 minutes to complete your transfer. If the timer runs out, you’ll need to select Get Rate again to continue your transaction.
Step 8 - Confirm the transfer
You can check the details of your transfer here and if you made a mistake, or you’d like to change something, you can select Back and make the required changes.
Note: The rate timer is still active at this point so make sure you confirm your transfer within the 10 minutes provided when you select Get Rate.
ANZ Internet Banking for Business operators can select “Request authorisation” to submit the transfer to the relevant Authoriser or Adminstrator for approval.
Transaction authorisations summary.
Note: ANZ Internet Banking for Business Authorisers/Administratiors must authorise the transaction on the same day the transfer is lodged, otherwise the transfer will expire and will need to be re-submitted.
Step 9 - Transfer lodged
Once you’ve confirmed your transfer, you’ll see your Lodgement Receipt, which is confirmation that your transfer has been successfully submitted.
This doesn’t mean the transfer will be processed successfully, as that depends on the details you’ve entered being accurate and sufficient funds being available in the account you’ve chosen to transfer from.
Please take note of the Receipt number and Lodgement number for your own records.
Note: Funds transferred overseas may take 2 - 4 business days before being available to the payee’s account, depending on when ANZ accepts your instructions and whether a third party correspondent is involved.