We’ve lowered the cost of sending an International Money Transfer on CommBiz to a fixed rate of $6 per payment, making it cheaper to send money overseas. We’ve also stopped correspondent bank fees being passed back to you for IMTs sent with FX conversion, where the final payment is in EUR, GBP, NZD or USD, reducing your payment costs. There may still be charges applied by your beneficiary’s bank – but we’ll cover the rest.
The new CommBiz International Payments Platform lets you use your AUD and Foreign Currency Accounts, to access real-time foreign exchange rates for over 30 currencies, settle transactions on the same day, and make payments 24 hours a day – Monday to Friday.
Foreign cheques are an alternative way to receive funds from overseas . Visit your nearest branch for more information.