Foreign Exchange Rates

FAQs

Popular currencies
	British Pounds - GBP	US Dollars - USD
	Euros - EUR	New Zealand Dollars - NZD
All other acceptable currencies
	Australian Dollars - AUD	Papua New Guinean Kina - PGK
	Brunei Darussalem - BND	Polish Zloty - PLN (Online only)
	Canadian Dollars - CAD	Samoan Tala - WST
	Chinese Yuan^# - CNY	Singaporean Dollars - SGD
	Czech Koruna - CZK (Online only)	Solomon Island Dollars - SBD
	Fijian Dollars - FJD	South African Rand - ZAR
	Filipino Peso* - PHP	Swedish Kroner - SEK
	Hong Kong Dollars - HKD	Swiss Francs - CHF
	Hungarian Forint - HUF (Online only)	Thai Baht* - THB
	Indian Rupees - INR	Tongan Pa'anga - TOP
	Israeli New Shekel - ILS (Online only)	Turkish lira - TRY (Online only)
	Japanese Yen - JPY	United Arab Emirates Dirham - AED
	Norwegian Krone - NOK	Vanuatu Vatu - VUV
	Pakistani Rupees* - PKR
^#Restrictions on sending Chinese Yuan (CNY/RMB) to China Only business banking profiles are permitted to send CNY when initiating a payment to a registered business in China. Personal customers attempting to send funds to China will be prompted to select from other available currencies.

What are the typical bank details required to initiate an international money transfer?

You will generally need below details:

Payee details: bank name, account holder name and account number or an International Bank Account Number (IBAN).
Full payee address: including country, state, province, postcode where applicable.
Payee's bank codes: Such as BIC/SWIFT code or country specific codes.

Note: details will vary depending on which country you are sending money to. To avoid your international payment being rejected, or additional foreign currency conversions, please check with the payee the currency of the foreign account you are sending money to.

SWIFT/BIC 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.

IBAN is an international bank account number. This is an alphanumeric code of 15 to 34 characters. IBAN should be provided for all payments to the EU/EEA, UK and some non-European countries including most states of the Middle East, e.g. UAE, as well as North Africa and the Caribbean region.

Your beneficiary can provide the IBAN for your transfer or if paying to your own account, your offshore bank can provide these details. Please note that the beneficiary’s account number and full address are required to initiate any international money transfer.

Countries that have specific codes:

USA: ABA routing number also known as Routing Transfer Number (RTN) is a 9-digit code. Used for USA only.
India: IFSC is an Indian Financial System Code which is an alphanumeric 11-digit code.
UK and Ireland: Sort codes are used in the United Kingdom and in the Republic of Ireland and are comparable to the BSB we use in Australia. It is a 6-digit number, divided into 3 pairs, for example: 12-34-56.

How to transfer money overseas?

You can transfer money overseas in Online Banking or the Westpac App. You must be registered for Westpac Protect™ SMS code.
Account holders under 14 years old cannot transfer money overseas in Online Banking. They can make international payments in branch.

In the Westpac App

Before trying these instructions make sure you update to the latest version of the app. If you need schedule the payment for a future date, you’ll need to use Online Banking.

Tap on Payments and then Send overseas (or Pay someone if you have an existing payee)
Select the Country to Send to
Select the From account
Check the payment Currency and enter Amount
Review the currency, conversion rate, amounts and fees
Select Next
Select payee (or Add new to set up a new payee)
Enter a Description and depending on where you are sending payment to, you may also need to select the Transfer purpose
Select Next
Review your transfer details and currency carefully and select Confirm to submit your payment.

In Online Banking

Go to Payments > Make a payment > International
Select the Country to Send to
Select the From account
Change the Date and Frequency to schedule for a future date/s
Check the payment Currency and enter Amount
Review the currency, conversion rate, amounts and fees
Select a payee or Create a new payee
Enter a Description and depending on where you are sending payment to, you may also need to select the Reason for this payment
Select Continue
Review your transfer details and currency carefully and select Confirm to submit your payment.

In branch

To send an international money transfer in branch you will need to provide:

ID
Your contact number
The payee’s name, address, bank name and branch address
The amount you’d like to send
The currency you’d like to use

What is Westpac's SWIFT Code/BIC?

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Things you should know

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.

Worldwide Wallet

Westpac Worldwide Wallet Product Disclosure Statement (PDF 307KB)
Online Banking Terms and Conditions (PDF 407KB)

You should read the Westpac Worldwide Wallet Product Disclosure Statement, Online Banking Terms and Conditions, and Westpac Retail and Business Banking Financial Services Guide before making a decision and consider whether these products are appropriate for you. This information does not take into account your personal objectives, financial situation or needs and you should consider its appropriateness having regard to these factors before deciding to acquire these products.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

International money transfers

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 transfers 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 transfer and we will on-forward this instruction.

Correspondent Bank Fees and Other Banks Fees

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 he 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. Westpac does not guarantee that this approach will be effective and takes no responsibility if an intermediary bank converts the funds.

Foreign Exchange Rates

FAQs

In the Westpac App

In Online Banking

In branch

International money transfers

FX rate related queries

Need indicative rates?

Useful FX links

Useful Travel Links

Things you should know

Worldwide Wallet

International money transfers

Correspondent Bank Fees and Other Banks Fees

Foreign Exchange Rates

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