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 'Add a 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.
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.
If you want to save this payee for future transfers, click “Save payee” to save International payee.
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.