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International Money Transfer

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 transferring to, including details of the bank that will receive the funds.
You'll also need the beneficiary's address.
Before sending funds, remember to make sure your Pay Anyone daily limit is high enough and ensure you have sufficient available funds to cover the total amount payable for the International Money Transfer, including fees and charges.

How do I transfer money overseas?

Step 1 - Choose an account

Select the account you'd like to transfer funds from.

The accounts from which you can transfer funds 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 select a payee (beneficiary) to transfer the funds to.

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 your transfer details

Select a currency from the 'Send' dropdown box.

The money you’re sending overseas will be sent in the currency you have chosen. The 'Send' dropdown box will only display currencies that can be processed via 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 (the transfer amount). It has no effect on the currency selected in the 'Send' dropdown box.

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 exchange rate will be available for 10 minutes after you select 'Get rate'. After 10 minutes this rate expires and you will need to select 'Get rate' to get a new exchange rate.

The 'Enter your transfer details' section contains:

The exchange rate
Your transfer amount, the ANZ transfer fee (if applicable) and the total amount payable
The estimated correspondent bank fee (if applicable) and the estimated beneficiary amount
The total estimated fees for the transaction

For ANZ Internet Banking for Business customers, when a transaction has multiple Authorisers, only the final Authoriser will see the estimated correspondent bank fee, estimated beneficiary amount and total estimated fees for the transaction.

Note: The maximum amount that can be transferred overseas via ANZ Banking for Business is AUD150,000, even if your Pay Anyone daily limit is higher.

Step 4 - Accept the terms and conditions

We can’t process your International Money Transfer if you don’t accept the terms and conditions.

Step 5 - Enter the beneficiary details

Enter the details of the person or institution (the beneficiary) you’re sending money to, including the address and country and the purpose of your transfer. You can also add a message to the beneficiary (up to 90 characters long).

Step 6 - Continue with your transfer

Select 'Continue' to complete the International Money Transfer and proceed to the 'Review and confirm' page.

Note: After you have entered your International Money Transfer details and selected 'Get rate', you have 10 minutes to complete your transaction. If the timer runs out while you are on the confirmation page, you’ll need to select 'Get rate' again to continue your transaction.

Step 7 - Review and confirm the transfer

You can check the details of your International Money Transfer here and if you made a mistake, or if you’d like to change something, you can select 'Back' and make the required changes.

Note: The exchange rate timer is still active at this point so make sure you confirm your transaction within the 10 minutes provided when you selected 'Get rate'.

ANZ Internet Banking for Business operators can select 'Request authorisation' to submit the International Money Transfer to the relevant Authoriser or Administrator for approval.

Transaction authorisations summary.

Note: ANZ Internet Banking for Business Authorisers/Administrators must authorise the transaction on the same day the International Money Transfer is lodged, otherwise the transaction will expire and will need to be re-submitted.

Step 8 - Transfer lodged

Once you’ve confirmed your International Money Transfer, you’ll see your Lodgement number, which is confirmation that the International Money Transfer has been successfully submitted.

For your International Money Transfer to be processed successfully, the details that you’ve entered must be accurate and sufficient funds must be 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 in the payee’s (beneficiary's) account, depending on when ANZ accepts your instructions and whether a third party correspondent bank is involved.

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For further assistance please call the ANZ Internet Banking team on 13 33 50 (International callers: +61 3 9683 8833) 24 hours a day, seven days a week.

Frequently asked questions

Use our frequently asked questions to find out more about transferring money overseas.

How is the Total amount payable calculated?

The Total amount payable is calculated by adding the transfer amount to the ANZ transfer fee. This is the total amount you will pay for your International Money Transfer.

The correspondent bank fee will be deducted from the transfer amount.

How is the Estimated beneficiary amount calculated?

The Estimated beneficiary amount is an estimate of the amount the person or institution you’re transferring to (the beneficiary) will receive. This is calculated by subtracting the Estimated correspondent bank fee from the transfer amount.

What is a correspondent bank fee?

A correspondent bank fee is a fee that is charged by overseas banks to process an International Money Transfer. If applicable, the correspondent bank fee is deducted from the transfer amount.

When you make an International Money Transfer, we will provide you with an estimate of the correspondent bank fee.

Where have the payer details gone?

Payer details are now automatically included when you choose an account, so we’ve removed these details from the page.

The address details for the account you’re transferring from need to be correct to comply with the Australian Transaction Reports Act 1988, and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

In the case of accounts with more than one address, the first address listed will be used.

For business accounts, the ‘payer’ will be the customer whose bank account is being used for the transfer, not the person making the IMT on behalf of the account holder.

What if my country doesn’t appear in the drop down list?

ANZ Internet Banking and ANZ Internet Banking for Business only allow international money transfers to specific countries. Give us a call or visit a branch if you want to make an International Money Transfer to a country not shown in the destination country drop-down list.

What are the specific requirements for different countries?

When you’re transferring to some countries you’ll need extra information. The fields required to be filled-in will differ depending on the country you’ve chosen.

Vietnam requires the passport or citizen card number of the recipient
All countries require the beneficiary/recipient address
For payments to South Africa and Bangladesh, the recipient needs to contact their bank to claim funds. If they don’t do that, the funds won’t be credited to their account.
For payments to China, the payee should not be an individual where the purpose of the payment relates to trade.
For the following countries, IBAN is mandatory; Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Polynesia, Germany, Greece, Hungary, Ireland, Israel, Italy, Jordan, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Mauritius, Monaco, Montenegro, Netherlands, New Caledonia, Norway, Pakistan, Poland, Portugal, Qatar, Romania, Saudi Arabia

What is a SWIFT / BIC code?

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication and BIC stands for Bank Identifier Code. Together, they make up the 8 - 11 character identification code of a bank or financial institution. In an international money transfer these codes help us identify the receiving bank or financial institution, so make sure the ones you use are up to date.

ANZ Australia’s SWIFT/BIC code is ANZBAU3M

If you need help with SWIFT/BIC codes, give our International Services team a call, toll free, on 1800 681 683 (or +61 3 9277 2499 from overseas).

How do I find a SWIFT/BIC code?

You can find a code in one of the following ways:

Contact the person or organisation you’d like to transfer to, contact their bank or refer to their bank’s website.
Look up the code on the SWIFT website by finding and selecting the BIC search function on the page. When you use this site you can search for the SWIFT/BIC code by entering the institution’s name, city and country.

What is an IBAN?

IBAN stands for International Bank Account Number. An IBAN starts with a two letter country code and will contain between 15 and 34 letters and numbers. When you transfer money overseas, some countries require you to use an IBAN. You can find a list of those countries here.

ANZ does not have the authority to change an IBAN, so please make sure you have the right details before sending your payment.
For countries that don’t use an IBAN, you’ll need to use an account number.

How do I find an IBAN?

To find an IBAN you’ll need to contact your payee or their bank.

What does Get rate do?

By selecting 'Get rate', you are calculating the exchange rate for your International Money Transfer and an estimate of the total fees for the transaction.

You’ll also generate estimates of the correspondent bank fee and the amount the beneficiary will receive.

When you select 'Get rate', you’ll be given an exchange rate for your International Money Transfer which will be valid for 10 minutes. In the 'Enter your transfer details' section, there is a timer which shows when the exchange rate will expire. If the exchange rate expires you will need to select ‘Get rate’ to obtain a new exchange rate.

How do I know if my payments are successful?

Whenever you confirm a payment/transfer you’ll see a lodgement number and receipt number.The receipt number confirms that the payment has been submitted successfully.

You can check the status and the receipt number via the 'View past payment/Transfers' function. For unsuccessful payments, the status will show as Failed. You can also check the details of the payment to find the reasons the payment failed.

Find out more about past payments and transfers here.

How long does it take to transfer money overseas?

Transfers are processed overnight on bank business days.

The time it takes for the international payee’s account to be credited will vary depending on the policy and the systems of the bank the account is held with.

Note: For ANZ Banking for Business, regardless of the payment authorisation period specified by ANZ Internet Banking for Business users at registration, any overseas transfers must be authorised on the same day the transfer is lodged. Due to fluctuating rates, if transfers aren’t authorised on the same day, they will expire.