Check your exchange rate
Sign in, open an account or call us to understand available exchange rates and estimate your currency conversion.
How to check your rate
You can check the indicative exchange rate that applies to your international payment before completing your transfer in the Bank of Melbourne App or Internet Banking.
If you’re not a Bank of Melbourne customer, you can open a personal or business account online or call 1800 221 815 for an indicative exchange rate.
Sending money overseas
Check the indicative exchange rate that applies to your international transfer before completing your transaction.
In the App
Sign in and select 'Transfer and Pay' > O’seas > Select overseas beneficiaries > Select payment currency and amount
In Internet Banking
Sign in and select 'Transfers, payments & BPay® > Overseas Transfers > Select payment currency and amount
Receiving money from overseas
If you're expecting an incoming international payment, you can contact an FX specialist to get an indicative exchange rate on 1800 221 815 (available 8am-6pm Monday to Friday (Sydney time).
For Business Banking Online users
To check the exchange rate in Business Banking Online, sign in and select Payments > Overseas payment > Select payee > Select foreign currency and amount. For FX rate enquiries, or Global Dealer support within Business Bank Online, contact an FX specialist on 1800 221 815.
Sending money overseas is simple
International payments usually take 1-3 business days to reach the recipient, but it may take longer depending on the country and receiving bank
International Payments
Find out about sending or receiving money from overseas.
Travel money card
The Worldwide Wallet is a prepaid multi-currency card with no load or reload fees and no foreign transaction fees.
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Frequently Asked Questions
- Details of the person receiving the money, such as their name, address and their account number
- The name of the beneficiary bank, the branch address and appropriate overseas bank identification number such as IBAN number or SWIFT code
- Sufficient funds in your account
- Details of the currency you wish to send
The Detail
If you call us for an exchange rate, the rate quoted will be indicative only and may go up or down. The rate will only be confirmed when you make a payment.
Our FX rates for international payments and transfers include a margin. The margin may change depending on the timing, frequency and how much you send or receive. Contact us to discuss your FX requirements.
For important information on our products, please view our terms and conditions.
Foreign Exchange Transactions (PDS) (PDF 314KB)
International Payments
Before using internet and phone banking, please read the Bank of Melbourne Terms and Conditions for Internet Banking and Phone Banking (PDF 602KB). Overseas banks may charge a fee to handle or receive an international payment.
Payments are subject to our foreign exchange rates applicable at the time of the transaction. Other fees and charges may apply such as fees charged by the recipient bank. Payments must be made from an existing Bank of Melbourne personal transaction or savings account, and will usually arrive within 1-3 business days, but may take longer depending on the country and receiving bank. Read the Online Banking Terms and Conditions before making a decision and consider whether the product is appropriate for you.
Overseas banks may impose fees and charges or convert the currency of the payment. Bank of Melbourne might not have any control over the fees, charges or foreign currency conversions imposed by these institutions. Any overseas financial institution handling charges will by default be borne by the recipient of the International Payment and deducted from the payment amount, unless otherwise organised. It is possible that the overseas bank could convert the currency of the payment at an unfavourable exchange rate. You should inform the beneficiary that, if this occurs, they should consider rejecting the payment immediately so the payment can be unwound at the prevailing exchange rate. If you do not want the currency to be converted, please insert the words “Do Not Convert” in the description details free text box when you are making an international payment and we will on-forward this instruction. Bank of Melbourne does not guarantee that this approach will be effective and takes no responsibility if an intermediary bank converts the funds.
Payments to selected countries are only available for amounts AUD $1,000 and above, or the foreign currency equivalent value. The countries currently subject to the restriction are Cambodia, Ghana, Indonesia, Laos, Mexico, Pakistan, Philippines, Thailand, and Vietnam. This condition is subject to change from time to time at our discretion.
Payments made in Thai Baht (THB) and Filipino Peso (PHP) to any eligible country are only available for amounts of AUD $1,000 in value and above.
This is subject to change at any time at our discretion.
Worldwide Wallet
1. You will be reimbursed for any unauthorised transactions, provided that you have not contributed to the loss, exercised reasonable care in protecting your card and account, and promptly notified Bank of Melbourne upon becoming aware of loss, theft, or misuse.
Other Banks Fees
In addition to the fees charged by Bank of Melbourne [and any conversion of proceeds], an international payment may also result in additional fees and charges being deducted by:
- one or more other overseas banks involved in the international payment (an "Other Banks Fee"); and/or
- the payment recipient's bank.
This could result in the recipient receiving less than the amount you originally sent.