How to send and receive international transfers.
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How to make international transfers
You can send and receive international transfers with a Bankwest transaction account. For an estimate of the exchange rate, see latest exchange rates.
Sending money overseas
- Make sure you’re registered for SMS code
- In online banking go to ‘Payments’ then ‘Make a payment’
- Select ‘International transfer’ and enter the destination country.
Before you start:
- Set a daily international transfer limit up to 20,000 AUD. In online banking go to ‘Payments’ then ‘Payment Limits’
- You’ll need the SWIFT/BIC or Bank Code of the bank you’re sending the funds to
- You might need an International Bank Account Number (IBAN), depending on the country you're sending money to
- Have the recipient's full name, address and account number as well as the name and address of the overseas bank.
International transfers are only available on Bankwest transaction accounts.
Receiving money from overseas
Let the sender know the Bankwest SWIFT code BKWAAU6P, as well as your 13 digit BSB and account number, without any spaces or dashes.
If the sender needs your street address, for security reasons, it can’t be a PO Box.
International transfer fees
Before you send money overseas make sure that you are aware of the relevant fees and charges outlined in the Your Guide to Banking Fees (PDF).
| Fee | Amount |
|---|---|
| Sending funds from online banking | $15 |
| Sending funds Bankwest processed on your behalf | $35 |
| Receiving funds into a personal account |
$0 |
Beneficiary bank fees
Fees charged by the beneficiary bank may still be deducted from the funds received by the recipient.
Corresponding bank fees
When an international transfer is made in a foreign currency, Bankwest will absorb fees imposed by other financial institutions involved in the transfer, except for the fees (if any) charged directly to the beneficiary's account by their financial institution. Bankwest can't provide an estimate of the amount of such fees.
When an international transfer is made in AUD, Bankwest will not absorb fees imposed by other financial institutions involved in the transfer. As noted above, fees may also be charged directly to the overseas account by the beneficiary's financial institution.
Calculating your transfer
Making an international transfer via online banking will give you an accurate estimate of your exchange before the deduction of any beneficiary and corresponding bank fees.
To convert Australian Dollars (AUD) into foreign currency, multiply by your selected rate.
To convert foreign currency into AUD, divide by your selected rate.
For example
| What you want to send To convert this amount to another currency, multiply by the exchange rate. |
1,000 AUD |
| Exchange rate | 1 AUD = 0.645 USD |
| Amount converted 1,000 AUD x 0.645 (USD rate) |
645 USD |
| Corresponding bank fee (estimated) | 0 USD |
| Online transfer fee | 15 AUD |
| What you pay | 1,015 AUD |
| What your recipient receives | 645 USD |
The example provided is for illustrative purposes only.
Please keep in mind rates are subject to change. Where an international transfer is made in AUD, Bankwest won’t absorb corresponding bank fees, see Account Access Conditions of Use.
Latest exchange rates
These rates are indicative and subject to change.
N/A = Not Available
O/A = On Application
Important information
- The exchange rates provided are a guide for foreign exchange transactions up to AUD $100,000 (to send money overseas) and up to AUD $250,000 (to receive money from overseas).
- The above rates are updated on business days (and are subject to change without notice), and are indicative only. Bankwest does not guarantee the accuracy of the rates or any calculations and is not liable for any omissions, errors or inaccuracies.
- Certain transactions are subject to a commission charge and/or stamp duty.
- You should confirm the latest foreign exchange rates with Bankwest prior to making any decisions about a particular transaction. Rates for documentary negotiations, currency transactions in excess of AUD $100,000 (to send money overseas) or AUD $250,000 (to receive money from overseas) and forward rates not listed, and hedge market quotations are available on request from the Bank.
- If you would like to know the foreign exchange rate of an international transfer you received, please contact us.
Common questions
A Bank Code is a series of numbers used to identify banks from around the world. It can be between 3 and 23 digits depending on the country of the bank and the type of code. It may also be called:
- BSB – e.g. Australia and New Zealand (6 digits)
- Clearing Code or Branch Code – e.g. Hong Kong (6 digits)
- Routing number – e.g. Canada (9 digits)
- BSC (Bank Sort Code) – e.g. United Kingdom (6 digits)
- Fedwire/ABA – e.g. United States of America (9 digits)
- NCC (National Clearing Code).
It can take between 3-5 business days for your transfer to reach the international bank. It may also take longer for the receiving bank to transfer the money into the recipient's account.
There may also be delays outside of our control such as local holidays in the country you are sending money to.