Sending Money Overseas – Correspondent Bank Fees and Other Banks Fees

In addition to the Westpac fees for International Payments listed above, the amount received by the payee may be reduced by:

  • Westpac’s correspondent bank (“Correspondent Bank Fee”); and
  • Other overseas banks involved in the international payment, including the payment recipient’s bank (“Other Banks Fees”) may apply

This could result in the recipient receiving less than the amount you originally sent.  An estimate of such fees and charges can be found below based on the currency of the payment and the country / region the payment is being sent to. 

 

If you transact with Westpac, you will not be charged a Correspondent Bank Fee for your international payments in over 10 currencies. These include USD, NZD, EUR, GBP and INR.

 

Important information about the estimated other bank fees:
  

  • Information in this table is an estimate of Other Banks Fees based on data obtained from a range of sources including SWIFT data (sourced between February – April 2020).
  • This table is intended to be used as a guide. There may be significant variance in the actual amount deducted by another overseas bank compared to the estimated fees in the table.

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

 

Currency payment is being sent in Country / Region payment is being sent to Estimated Fees*
*consists of Correspondent Bank Fees and Other Banks Fees
United Arab Emirates Dirham AED Within United Arab Emirates AED 40
Rest of the world AED 100
Brunei Dollar BND Within Brunei BND 50
Rest of the world BND 1,000
Canadian Dollar CAD Within Canada CAD 15
Rest of the world CAD 15
Swiss Franc CHF Within Switzerland CHF 25
Rest of the world CHF 25
Chinese Yuan CNY Within China CNY 100
Rest of the world CNY 100
Danish Krone DKK Within Denmark DKK 50
Rest of the world DKK 50
Euro EUR Within Europe*
and Rest of the world		 No Correspondent Bank Fee will be charged if you send the payment with Westpac
Other Banks Fees may apply
Fiji Dollar FJD Within Fiji FJD 15
Rest of the world FJD 25
Pound Sterling GBP Within United Kingdom
and Rest of the world		 No Correspondent Bank Fee will be charged if you send the payment with Westpac
Other Banks Fees may apply
Hong Kong Dollar HKD Within Hong Kong HKD 255
Rest of the world HKD 255
Indian Rupee INR Within India
and Rest of the world		 No Correspondent Bank Fee will be charged if you send the payment with Westpac
Other Banks Fees may apply
Japanese Yen JPY Within Japan 0.05% of sending amount
Rest of the world 0.05% of sending amount
Norwegian Krone NOK Within Norway NOK 20
Rest of the world NOK 100
New Zealand Dollar NZD Within New Zealand
and Rest of the world		 No Correspondent Bank Fee will be charged if you send the payment with Westpac
Other Banks Fees may apply
Papua New Guinean Kina PGK Within Papua New Guinea PGK 50
Rest of the world PGK 50
**Philippine Peso PHP Within Philippines PHP 500
Rest of the world PHP 500
**Pakistani Rupee PKR Within Pakistan PKR 5,000
Rest of the world PKR 5,000
Solomon Islands Dollar SBD Within Solomon Islands SBD 50
Rest of the world SBD 50
Swedish Krona SEK Within Sweden SEK 20
Rest of the world SEK 30
Singapore Dollar SGD Within Singapore SGD 35
Rest of the world SGD 140
**Thai Baht THB Within Thailand THB 500
Rest of the world THB 500
Tongan Pa'anga TOP Within Tonga TOP 15
Rest of the world TOP 15
United States Dollar USD Within United States and Rest of the world No Correspondent Bank Fee will be charged if you send the payment with Westpac
Other Banks Fees may apply
Vanuatu Vatu VUV Within Vanuatu VUV 15,000
Rest of the world VUV 15,000
Samoan Tala WST Within Samoa WST 20
Rest of the world WST 20
South African Rand ZAR Within South Africa ZAR 713
Rest of the world ZAR 713
Fee estimated based on $100 AUD equivalent. Fee may vary according to the third party or value of payment. Based on a chosen amount in AUD/vary according to the value.

*The geographic regions of Europe, include 19 EU countries and 4 non-EU countries which use Euro as their national currency, in agreement with the EU (Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, the Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain and Vatican City)

Payments 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 payments 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 condition is subject to change from time to time at our discretion.