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Before you send money overseas

Check our foreign exchange rates and fees

Foreign exchange rates

Use our currency converter to check the latest foreign exchange rates on your international transfer.

International transfer fees

There are two transfer fees you need to know about:

1. Westpac transfer fees

Transfer using  Fee (AUD)
Westpac Online Banking or the Westpac App (sent in a foreign currency) $0
Westpac Online Banking or the Westpac App (sent in Australian dollars) $20
Transfer made in a branch (sent in either Australian dollars or foreign currency) $32 
2. Transfer fees deducted by any other banks involved in the money transfer in any currency.

Ready to get started?

1. Sign into Online Banking or the Westpac App
2. Choose who to pay or set up a new payee

Dependent on the country you are paying the funds to, you'll be asked to enter the Payee’s:

  • Account holder name and account number or an International Bank Account Number  (IBAN)
  • Bank codes such as a  SWIFT/BIC code or ABA Routing number
  • Address including country/country code, state, province, postcode where applicable.
3. Confirm your payment details
  • Select the payment currency. If sending in a foreign currency, accept the conversion rate
  • Depending on where you’re sending the funds, you may also need to confirm the  reason for the payment.
4. Submit the payment
  • Double check that you’ve entered the details correctly

How do I receive money from overseas?

 Your sender will need the following information:


  • Full bank name: Westpac Banking Corporation
  • Westpac's BIC/SWIFT code: WPACAU2S
  • Your full address, including suburb, state, and country/post code.  (Post Office Box addresses are not accepted) 
  • Your 12-digit bank account number, made up of your 6-digit BSB followed by your 6-digit account number. You can get your account details by signing into Westpac Online Banking, or the Westpac App

Alternatively, rather than accepting transfers from overseas at the payment day's exchange rate, with a foreign currency account you can hold received funds in another currency and choose when to convert them into Australian dollars.

Please note that Westpac cannot credit funds to an alternate account than the one mentioned in the payment instructions.

Ensure that you provide the sender with your full and correct account number as this is the only identifier used for processing the inward payments. Other information provided in the payment including the name is not used for payment processing. Westpac will not be held responsible for a credit in accordance with an incorrect account number provided by the sender.

Note that there may be additional requirements from the sender’s bank such as your address or your branch address. Check with the sender to reduce the chance of delays in them making the payment. 

Fees to consider 
  • Westpac fee - We charge a $12 processing fee when you receive money directly from an overseas bank. This fee is waived if you're receiving the equivalent of $100 AUD or less.
  • Other bank(s) fees - The fee(s) deducted by any other bank involved in transferring the money from overseas to your account.

Need more help?

SWIFT code, also known as Bank Identifier Code (BIC) is an 8-11 alphanumeric code used to identify a bank. You can contact the receiving bank/recipient for the details or use the ‘look up bank’ function in Westpac Online Banking when adding a new payee.

Separately, an account number is required to perform the international money transfer.

If you are receiving funds from overseas you can find out Westpac’s Swift code here.

Things you should know

Westpac Online Banking Terms and Conditions

This information has been prepared by Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 ("Westpac"). The exchange rates provided are applicable to foreign exchange products described on this website. The exchange rates are indicative only as at the time and date shown, are subject to market movements and therefore change continuously. They may also vary depending on the type of the transaction involved, and may be different for transactions over a certain amount. They should not be relied upon as an accurate representation of any final pricing. You should contact Westpac for up-to-date pricing prior to dealing.

International money transfers
Transfers to selected countries are only available for amounts AUD $1,000 and above, or the foreign currency equivalent value. The countries currently subject to this restriction are Cambodia, Ghana, Indonesia, Laos, Mexico, Pakistan, Philippines, Thailand, and Vietnam. This condition is subject to change at any time at Westpac’s discretion.

*International transfers made in Thai Baht (THB), Filipino Peso (PHP) and Pakistani Rupee (PKR) to any eligible country are only available for amounts of AUD $1,000 in value and above.

*This is subject to change at any time at Westpac’s discretion.

Correspondent bank fees and notes on the currency conversion
If you transact with Westpac, you will not be charged a Correspondent Bank Fee for your international transfers in over 10 currencies. These include USD, NZD, EUR, GBP and INR.

Based on the currency of the transfer and the country/region the transfer is being sent to, additional fees may be deducted by another overseas bank or the transfer recipient’s bank. Overseas banks may impose fees and charges or convert the currency of the payment. Westpac might not have any control over the fees, charges or foreign currency conversions imposed by these institutions. Any overseas financial institution handling charges will by default be borne by the recipient of the international money transfer and deducted from the payment amount, unless otherwise organised. It is possible that the overseas bank could convert the currency of the payment at an unfavourable exchange rate. You should inform the beneficiary that, if this occurs, they should consider rejecting the payment immediately so the payment can be unwound at the prevailing exchange rate.

If you do not want the currency to be converted, please insert the words “Do Not Convert” in the description details free text box when you are making an international money transfer and we will on-forward this instruction.