Fixed FX - lock in certainty when sending overseas payments!
Westpac's Fixed FX feature lets you fix a current foreign exchange rate when sending future-dated international payments. Fix the rate for a later date for rate certainty!
You might find these helpful
International money transfer
Whether you are a small online business or a major exporter there are a variety of payment options available to your customers.
Foreign Currency Accounts
Make and receive payments in a foreign currency to help manage your cashflow.
FAQs
| Popular currencies | |||
|---|---|---|---|
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British Pounds - GBP |  |
US Dollars - USD |
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Euros - EUR |  |
New Zealand Dollars - NZD |
| All other acceptable currencies | |||
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Australian Dollars - AUD |  |
Papua New Guinean Kina - PGK |
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Brunei Darussalem - BND |
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Polish Zloty - PLN (Online only) |
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Canadian Dollars - CAD |  |
Samoan Tala - WST |
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Chinese Yuan - CNY |  |
Singaporean Dollars - SGD |
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Czech Koruna - CZK (Online only) |  |
Solomon Island Dollars - SBD |
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Fijian Dollars - FJD |  |
South African Rand - ZAR |
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Filipino Peso - PHP |  |
Swedish Kroner - SEK |
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Hong Kong Dollars - HKD |  |
Swiss Francs - CHF |
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Hungarian Forint - HUF (Online only) |  |
Thai Baht - THB |
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Indian Rupees - INR |  |
Tongan Pa'anga - TOP |
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Israeli New Shekel - ILS (Online only) |  |
Turkish lira - TRY (Online only) |
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Japanese Yen - JPY |  |
United Arab Emirates Dirham - AED |
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Norwegian Krone - NOK |  |
Vanuatu Vatu - VUV |
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Pakistani Rupees - PKR | ||
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.
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
You may be asked to provide a SWIFT Code if you’re receiving money into your account from overseas.
The SWIFT Code for Westpac is WPACAU2S.
If the sending bank requires 11 characters, use WPACAU2SXXX
Please also ensure the payer has your full 12-digit account number. This is your 6-digit BSB, followed by your 6-digit account number.
Useful FX links
Useful Travel Links
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
Online Banking Terms and Conditions (PDF 740KB)
You should read the Westpac Worldwide Wallet Product Disclosure Statement (PDF 371KB), Online Banking Terms and Conditions (PDF 740KB), and Westpac Retail and Business Banking Financial Services Guide (PDF 249KB) 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
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. Westpac does not guarantee that this approach will be effective and takes no responsibility if an intermediary bank converts the funds.