About international money transfer

Making payments

  • Log on to NetBank or CommBiz to send funds in over 30 currencies to a beneficiary’s bank account
  • Payment is sent electronically as cleared funds
  • Funds are usually available to your beneficiary within 2 to 3 business days
  • Currency cut-off times, which determine whether a payment may be held over to the following day due to time-zone differences, apply
  • Extended cut-off times are provided, allowing later payments that are still sent on the same day
  • Receipt of funds is subject to domestic regulations and individual bank practices in the beneficiary’s country
  • Additional fee, to cover overseas banks charges, can be paid upfront in CommBiz for selected countries and currencies


Receiving payments

  • Overseas payments are processed in one of the following ways:
    • As per the instruction from the remitter – i.e., payments will only be credited to the account specified by the remitter
    • If the payment is in a foreign currency and the account to be credited is in another currency, the carded rate will be applied to amounts less than or equal to A$250,000
    • If the payment is in a foreign currency and the account to be credited is in another currency, a dealer’s rate will be applied for amounts over A$250,000
  • Before overseas payments are processed, you will need to provide:
    • CommBank's SWIFT code: CTBAAU2S
    • Your BSB, account number, account name and account address
  • Fees and charges apply when making or receiving international money transfers, or when initiating an enquiry, cancellation or amendment
  • An alternative way to receive money from overseas is to open a foreign currency account that will:
    • Let you hold funds in the remitted currency
    • Provide the flexibility to either hold the funds or convert them when you choose 

Related products

Foreign currency accounts

Foreign currency accounts

Simplify banking for importers, exporters and any business needing to hold funds in a foreign currency.

Learn more
International bank drafts

International bank drafts

CommBank offers drafts in 14 currencies issued in more than 19 countries.

Learn more

Talk to us

Call 1800 222 398

Call 1800 222 398

New Foreign Currency Account enquiries

(8:30am-5:00pm AEST, Mon-Fri) 

Important information

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb). Terms and Conditions for CommBiz and NetBank are available by calling 13 2221, from commbank.com.au or any branch of the Bank.