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Fees and charges for International Money Transfers (IMTs)

Send in foreign currency using NetBank or the CommBank app to pay a lower transfer fee and lock in the exchange rate.

Sending money

Issued via a branch

$30.00 per transfer

Transaction value is less than or equal to $1,000 AUD equivalent.

Issued via NetBank or the CommBank app. 

Funds debited from an AUD account and converted to foreign currency. 

$6.00 per transfer

Transaction value is greater than $1,000 AUD equivalent.

Issued via NetBank or the CommBank app. 

Funds debited from an AUD account and converted to foreign currency.

$12.00 per transfer

Issued via NetBank or the CommBank app.

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.

$6.00 per transfer

Issued via CommBiz

$10.00 per transfer

Cancellation and request for funds to be returned1

$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 instruction2

$25.00 per request plus overseas bank’s costs

Investigation of sent International Money Transfer (trace)1

$25.00 per investigation includes any subsequent follow up request

Overseas banks' charges (which may vary from country to country) could apply in addition to the charges listed above.

1 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.

 

When you send an International Money Transfer (IMT), overseas banks may deduct processing fees from the amount you transfer, which could result in the recipient receiving less than the amount you send.

For selected countries and currencies, you have the option to pay an additional fee to cover charges by overseas banks. This option is available for IMTs sent via branch and CommBiz only, and is not available for IMTs sent in NetBank or the CommBank app. View a list of the countries and currencies where this additional fee option is available.

Country

Currency

Additional Overseas Banks Fee (AUD)

Selected countries

GBP

$17.00

Selected countries

USD

$37.00

New Zealand 

NZD

$17.00

Belgium

Euro

$33.00

Germany

Euro

$33.00

The Netherlands

Euro

$33.00

Portugal

Euro

$33.00

United Kingdom

Euro

$41.00

Receiving money

For credit of a Commonwealth Bank Australian dollar (AUD) account (regardless of currency)

Up to $11.00 per transfer*

For credit of a Commonwealth Bank Foreign Currency Account

Up to $11.00 per transfer*

For credit of an AUD account at another bank

Up to $25.00 per transfer*

For credit of a Foreign Currency Account at another bank

Up to $35.00 per transfer*

Payment by bank cheque

Up to $20.00 per cheque*

Things you should know

For more information about fees and charges for international payments, see our Standard fees and charges for international payment products and travel funds.