Sending and receiving money overseas
Before you send money overseas
- Register for
Westpac Online Banking or download the
Westpac App. You need to be 14+ minimum age to send money overseas through online banking.
- Sign up for
Westpac Protect™ Security Code for an extra layer of protection when you send money overseas.
- You can find and change your Business Daily Payment Limit through the self-serve function on Westpac Online Banking, or in the Westpac App.
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 |
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:
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?
Provide your sender the following information:
- Full bank name: Westpac Banking Corporation
- Westpac's BIC/SWIFT code: WPACAU2S. (If the sending bank requires 11 characters, use WPACAU2SXXX)
- Your full name and 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
Please note the following:
- Ensure the bank account and BSB details are accurate, as this is the unique identifier for processing inward payments. Other information provided, e.g. name, is not used for payment processing. In line with our Terms and Conditions, Westpac will not be liable for any incorrect payments.
- Westpac cannot credit funds to an alternate account than the one mentioned in the payment instructions.
- There may be additional requirements from the sender’s bank, e.g. your address or your branch address. Check with the sender to reduce the chance of delays in them making the payment.
- When funds are received, they will be converted to AUD at the day’s exchange rate. However, if you choose to set up a Foreign Currency Account with Westpac, you can keep funds in the foreign currency, and choose when to convert them to Australian dollars.
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 - This is the fee(s) deducted by any other bank involved in transferring the money from overseas to your account.
Receiving money from the USA
If you’re receiving money from a bank in the United States of America (USA), your payer may be asked to enter the Routing Number, which is: 021 000 021.
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
*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
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.