Commonwealth Bank Money Transfer & Exchange Rates

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As Australia’s largest bank, they offer a full service platform via their NetBank application. NetBank offers IMT services through NetBank and also the CommBank App. You will have access transferring money to over 30 currencies across 200 different countries globally. CommBank cater to a large variety of transfer needs, ranging from the transfer of a single currency, to a series of regular payments overseas.

CommBank provides quick and easy options for both the most frequent and irregular customers using forex services. The most popular IMT service used by both of these customers is the NetBank portal and the CommBank app to send and receive international payments.

CommBank also provide a popular foreign currency account option. This is most frequently used by customers who hold currencies overseas in foreign banks, or if you are sending money overseas on a regular basis.


Transfer Limits

There is a maximum amount you can transfer via the NetBank portal, which is subject to your daily withdraw limits as an account holder.

Transfer Time

In most cases it can takes no more than 1- 3 business days for the funds to hit your recipients account. For less common currencies, it can take up to 5 business days.

Transfer Fees

If you are using NetBank or the CommBank App it will in the region of $22. Should you wish to send your transfer in-branch the cost is $30. CommBank operates a flat fee policy regardless of the amount being transferred.


How a transfer can be made:


You will need to be a customer of CommBank if you want to use their services to transfer money overseas. You can apply for an account online or you can visit a local branch, there are over 1000 across Australia.

Once you’re ready to make an international money transfer, you’ll need the transfer information from your recipient in order to make the wire. The vital information required:  Recipients name, address and account name, Account number or IBAN (International Bank Account Number).  Amount and currency you are sending.



  • Good breadth of IMT services
  • Customers have additional services to explore (travel money, cards, overseas money).
  • Variety of ways to transfer your money
  • Established institution


  • Can be more expensive than dedicated currency providers

Rates table

AED » AUD 2.7495 AUD » AED 0.3637
CAD » AUD 0.9413 AUD » CAD 1.0624
CHF » AUD 0.6870 AUD » CHF 1.4556
DKK » AUD 4.9285 AUD » DKK 0.2029
EUR » AUD 0.6589 AUD » EUR 1.5177
FJD » AUD 1.6026 AUD » FJD 0.6240
GBP » AUD 0.5514 AUD » GBP 1.8136
HKD » AUD 5.8072 AUD » HKD 0.1722
ILS » AUD 2.3866 AUD » ILS 0.4190
INR » AUD 54.3478 AUD » INR 0.0184
JPY » AUD 85.4701 AUD » JPY 0.0117
KWD » AUD 0.2270 AUD » KWD 4.4053
LKR » AUD 151.5152 AUD » LKR 0.0066
NOK » AUD 6.6979 AUD » NOK 0.1493
NZD » AUD 1.1127 AUD » NZD 0.8987
OMR » AUD 0.2884 AUD » OMR 3.4674
PLN » AUD 3.0358 AUD » PLN 0.3294
SAR » AUD 2.8090 AUD » SAR 0.3560
SBD » AUD 5.9701 AUD » SBD 0.1675
SEK » AUD 6.9348 AUD » SEK 0.1442
SGD » AUD 1.0027 AUD » SGD 0.9973
THB » AUD 24.7525 AUD » THB 0.0404
TRY » AUD 10.1317 AUD » TRY 0.0987
USD » AUD 0.7441 AUD » USD 1.3439
VUV » AUD 84.7458 AUD » VUV 0.0118
XPF » AUD 76.9231 AUD » XPF 0.0130
ZAR » AUD 11.4286 AUD » ZAR 0.0875


The Commonwealth Bank of Australia is the largest and most established bank in the country with additional presence across New Zealand, Asia, Fiji, USA and the United Kingdom. The bank is most notably known as the Commonwealth Bank (or CBA or CommBank. The bank provides a plethora of financial services but not limited to retail, business and institutional banking, funds management, superannuation, insurance and brokering services. It is also the largest Australian listed company in terms and capital and assets on the ASE (Australian Securities Exchange).

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