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.
KEY INFORMATION
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.
MORE INFORMATION ABOUT CommBank
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.
PROS
- 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
CONS
- Can be more expensive than dedicated currency providers
Rates table
 AED » AUD |
2.8877 |  AUD » AED |
0.3463 | |
 CAD » AUD |
0.9766 | AUD » CAD |
1.0240 | |
 CHF » AUD |
0.7243 | AUD » CHF |
1.3806 | |
 DKK » AUD |
4.9213 | AUD » DKK |
0.2032 | |
 EUR » AUD |
0.6619 | AUD » EUR |
1.5108 | |
 FJD » AUD |
1.6158 | AUD » FJD |
0.6189 | |
 GBP » AUD |
0.5689 | AUD » GBP |
1.7578 | |
 HKD » AUD |
6.1013 | AUD » HKD |
0.1639 | |
 ILS » AUD |
2.5793 | AUD » ILS |
0.3877 | |
 INR » AUD |
55.5556 | AUD » INR |
0.0180 | |
 JPY » AUD |
86.2069 | AUD » JPY |
0.0116 | |
 KWD » AUD |
0.2371 | AUD » KWD |
4.2176 | |
 LKR » AUD |
156.2500 | AUD » LKR |
0.0064 | |
 NOK » AUD |
6.8120 | AUD » NOK |
0.1468 | |
 NZD » AUD |
1.1176 | AUD » NZD |
0.8948 | |
 OMR » AUD |
0.3027 | AUD » OMR |
3.3036 | |
 PLN » AUD |
3.0157 | AUD » PLN |
0.3316 | |
 SAR » AUD |
2.9481 | AUD » SAR |
0.3392 | |
 SBD » AUD |
6.4144 | AUD » SBD |
0.1559 | |
 SEK » AUD |
6.7613 | AUD » SEK |
0.1479 | |
 SGD » AUD |
1.0565 | AUD » SGD |
0.9465 | |
 THB » AUD |
24.7525 | AUD » THB |
0.0404 | |
 TRY » AUD |
6.8729 | AUD » TRY |
0.1455 | |
 USD » AUD |
0.7860 | AUD » USD |
1.2723 | |
 VUV » AUD |
85.4701 | AUD » VUV |
0.0117 | |
 XPF » AUD |
77.5194 | AUD » XPF |
0.0129 | |
 ZAR » AUD |
11.2613 | AUD » ZAR |
0.0888 |
