How long does it take to transfer money overseas?
If you’re planning to send an international money transfer (IMT), it's important to understand that these transfers aren’t instantaneous like BPAY.
Sending money overseas may take several days depending on factors such as:
- which provider you’re using
- what currency you’re using or sending
- and even which day you make your transfer.
So it’s possible that your money transfer can take anywhere from two to five business days (or potentially even longer).
However, popular currencies like the USD or the Euro may qualify for 24-hour international money transfer speeds, but this entirely depends on the provider you choose. Each IMT provider has its own estimated transfer speed, so make sure to do your research before choosing one.
How long does it take to send money overseas using an Australian bank?
You can send money overseas with your regular bank, but it might not necessarily be the fastest. Below are the estimated transfer speeds claimed by the big four.
- Commonwealth: 2 to 5 days
- ANZ: 2 days
- Westpac: 2 banking days, but may take longer
- NAB: 3 days
If you’re looking for faster transfer speeds, consider checking on IMT specialists.
Ready to send money abroad? Scroll below for today’s exchange rates offers for converting AUD to USD. Alternatively, if you want more information, check out our international money transfer guides.
Personal international money transfer comparisons on Mozo
I want to transfer
Today’s foreign exchange rates
- Excellent exchange rates, no transfer fees
- 24/7 transfers online, over the phone or through the TorFX app
- Personal account management and expert insights
$6,527 USD
IN PERSONn/a
BY PHONE$0
ONLINE$0$0.6527 USD
1-2 days
$200 minimum
- Send to 200+ countries and 100+ currencies globally
- Dedicated Australia-based client services team with personal account management for transfers over $20,000
- 48,000+ 5-star 'Excellent' ratings on TrustPilot
$6,514 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6514 USD
1-3 days
none
- Fee Free transfers
- Talk to a human, 24/7. Sharp Rates and Fast and Secure transfers.
- Australian owned, ASX listed and Official Foreign Exchange Provider of the NHL
$6,479 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6479 USD
1-2 days
$250 minimum
$500 monthly minimum for regular transfers
- Fee free for selected countries on the first transfer
- Transfer in minutes, 24/7 Live support
- Wide range of options - Cards, Bank transfer, Wire, Cash pickup and E-wallet
$6,504 USD
- IN PERSONn/aBY PHONE$0ONLINE$0
$0.6504 USD
Within minutes
$0 minimum