How do I transfer money overseas?

See all International Money Transfer FAQs

Last updated 22 September 2016


With an International Money Transfer (IMT) you can send money quickly and safely to more than 200 countries, using over 30 currencies. You can do an IMT:  

  • Online via NetBank or the CommBank mobile app
  • In any of our branches.


Here’s how to do it in three easy steps:

Step 1: Have the following information handy:

  • Recipients name, account name and home address
  • Recipients International Bank Account Number (IBAN) or bank account number
  • The SWIFT or BIC code of their bank. This code is unique to each bank around the world. Sometimes you can be asked for a BIC and sometimes a SWIFT – they are the same thing.  Don’t worry if you don’t have it, NetBank has a Find a SWIFT/BIC feature that can help you out.


Step 2: Set your daily International transfer limit

For security reasons your default limit is $0. To increase it log on to NetBank, go to More, then select Payment limits and follow the onscreen prompts. This will only takes a few minutes.


Step 3. Send your IMT

NetBank

  • Log on to NetBank
  • Select Transfers and BPAY, then International Money Transfer
  • Select the country you are transferring to
  • Enter the details of the person you are sending money to
  • Select the account you are transferring from, the amount and currency
  • Click Next to confirm your transfer.


CommBank mobile app

  • Log onto the CommBank mobile app
  • Select Pay someone

If…

Then…

Paying someone new

  • Tap + in the top right,
  • Select Overseas transfer, then
  • Follow the steps.

Paying someone in the UK with a registered Pingit1 mobile number

  • Tap + in the top right, then
  • Select Mobile number, then,
  • Follow the steps.

Paying existing address book recipient

  • Select Overseas transfer, then
  • Select the person you’re sending money to, then
  • Follow the steps.

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