How international money transfers keep overseas payments simple & secure

Many Australian businesses send money overseas, but it isn’t always easy. Paying suppliers, funding offshore expenses, investing or even supporting family back home can mean navigating daunting processes, hidden costs and potential fraud and scams.  

The good news is there are simple, reliable, and secure ways to send and track international payments, helping you move money with confidence.  

Send money worldwide, simply and securely 

CommBank’s International Money Transfer (IMT) takes stress, costs and risk out of sending money offshore for business or personal reasons. You can send payments to over 200 destinations in more than 30 currencies, track the status of your payment end to end and use advanced security protections to ensure they safely reach the recipient.  

Get competitive exchange rates and no extra fees  

For businesses already managing exchange rate fluctuations and elevated cost pressures, every saving counts. CommBank’s IMT offers competitive exchange rates for all covered currencies and zero transfer fees when converting Australian dollars.

Businesses regularly managing payments in one or more currencies also have access to the CommBiz International Payments Platform.¹ You can use a Foreign Currency Account to make and receive payments 24/7, access exchange rates and settle transactions on the same day. Holding currencies can support hedging strategies too.   

Knowing your money is safely on its way  

Ensuring money is secure before and during an international payment is vital to building trust and protecting your cash, particularly amid rising fraud and scams. After all, Australians alone lost $2.3 billion in 2024 due to scams, with almost half a million reported incidents.²

This is where having bank-grade, preventative safeguards and support can help you manage the risk of global scams and mistaken payments. With CommBank you can track international payments from start to finish using our tracker by entering the unique end-to-end reference on the receipt page. Not all correspondent banks support tracking, but where they do, you can see your payment status. 

Your one-stop shop for payments and banking

We’ve streamlined the process of completing an IMT, which CommBank customers can do directly from the CommBank app, Netbank online banking or our business portal, CommBiz. It means you can manage overseas payments in the same place as all your other day-to-day business and personal banking needs without multiple providers.   

If you need any help, our team is available to answer questions and guide you through the process. Call 13 1998 for support.