Sending money
Transfer
Fee
Issued via a branch1
$30.00 per transfer
Issued via NetBank or the CommBank app.
Funds debited from an AUD account and converted to foreign currency.
Fee waived for IMTs sent in FJD, PGK, SBD, VUV, XPF
Funds debited from an AUD account and converted to foreign currency.
Fee waived for IMTs sent in FJD, PGK, SBD, VUV, XPF
$6.00 per transfer
Issued via NetBank or the CommBank app.
Funds debited and credited in AUD currency (no FX conversion).
Funds debited and credited in AUD currency (no FX conversion).
$22.00 per transfer
Issued via NetBank or the CommBank app.
Funds debited from a Foreign Currency Account.
Funds debited from a Foreign Currency Account.
$6.00 per transfer
Issued via CommBiz
$6.00 per transfer
Cancellation and request for funds to be returned1, 2, 3
$25.00 per request plus overseas bank’s costs
Amendment to payment instruction, i.e. beneficiary, bank, address when requested by customer, or where the overseas bank is unable to process payment on original instruction3
$25.00 per request plus overseas bank’s costs
Investigation of sent International Money Transfer (trace)2,3
$25.00 per investigation includes any subsequent follow up request
Additional fee to cover correspondent bank charges
We use correspondent banks to process IMTs. You can now pay an upfront fee (on top of our transfer fee) to cover any fees charged by these correspondent banks for some currency transfers.
Sending an IMT from an AUD account
You can choose to pay an additional AUD$15 to cover any fees charged by the correspondent banks. This AUD$15 fee option is available for IMTs sent from an AUD account using NetBank or the CommBank app, in any currency except AUD, EUR, GBP, NZD, USD and KWD. For EUR, GBP, NZD, and USD, we’ll pay the correspondent banking fees for you. There are no correspondent bank fees payable for transfers in KWD.
The AUD$15 fee doesn’t cover any other charges incurred from the beneficiary’s bank, which may have their own processing fees. It’s also not available when using a Foreign Currency Account (in NetBank or the CommBank app).
Sending an IMT from a Foreign Currency Account
You can choose to pay an additional fee when sending same currency transfers (e.g. sending an IMT using your GBP account to a GBP account overseas), using CommBiz or in-branch. The table below sets out the available currencies and corresponding fees. The fees below don’t cover any other charges incurred from the beneficiary’s bank, which may have their own processing fees. The fees are payable in AUD.
Currency
Additional Overseas Banks Fee (AUD) *
EUR
$33.00
GBP
$17.00
NZD
$17.00
USD
$37.00
* This fee is waived when sending a cross currency IMT
For more information about these fees, see our Standard fees and charges for international payment products and travel funds and CommBiz Terms and Conditions.
Receiving money
Transfer
Fee
For credit of a Commonwealth Bank Australian dollar (AUD) account (regardless of currency)
Up to $11.00 per transfer4
For credit of a Commonwealth Bank Foreign Currency Account
Up to $11.00 per transfer4
For credit of an AUD account at another bank
Up to $25.00 per transfer4
For credit of a Foreign Currency Account at another bank
Up to $35.00 per transfer4
Payment by bank cheque
Up to $20.00 per cheque4
Things you should know
1 Fees must be paid in Australian Dollars or debited from an Australian Dollar account.
2 This is a request only and is dependent on the overseas bank obtaining the relevant debit authority to be able to return funds. Returned funds will be converted back to the currency of the funding account at the published Bank buys IMT rate on the day it is credited to the funding account.
3 Overseas banks' charges (which may vary from country to country) could apply in addition to the charges listed above.
4 Fee charged depends on arrangements with overseas banks.
For more information about fees and charges for international payments, see our Standard fees and charges for international payment products and travel funds.
Whoever is sending money to you needs your full name and home address. They’ll also need the following:
- Bank name: Commonwealth Bank of Australia
- CommBank BIC/SWIFT code: CTBAAU2S
- Your 14 digit account number: 06XXXX XXXXXXXX
Log on to NetBank or the CommBank app. This info sits beside the account you want money transferred into.
