Rates and fees verified as correct at 24 October, 2021. Other information correct at the time of writing. Advertiser disclosure.
Interested in transferring your funds today, here’s the exchange rates you’ll get for some of the most popular currencies NAB provides money transfers to.
NAB Rate 0.7188
|Currency||At today's NAB Rate, 1 AUD buys*||For 10,000 AUD recipient will get|
United States Dollars (USD)
Great Britain Pounds (GBP)
Canadian Dollars (CAD)
Danish Krone (DKK)
Hong Kong Dollars (HKD)
Indian Rupee (INR)
Japanese Yen (JPY)
New Zealand Dollars (NZD)
Norwegian Krone (NOK)
Philippine Peso (PHP)
Saudi Riyal (SAR)
Singapore Dollars (SGD)
South African Rand (ZAR)
Swedish Krona (SEK)
Swiss Francs (CHF)
Thai Baht (THB)
UAE Dirham (AED)
If you’re after a simple way to transfer money overseas NAB provides this service through its standard internet banking platform. So there is no need to sign up for a special IMT account, as long as you have the “pay anyone” and SMS security feature activated in NAB’s internet banking you’re all set to make your first international money transfer.
You can make a one-off transfer or schedule regular payments in advance, the platform gives you flexibility to do all of your international banking yourself.
If you haven’t transferred money internationally before, NAB has videos you can watch that provide step by step instructions, or you can visit a branch and get them to walk you through the process. If you need to transfer a large amount you may need to visit a branch to set up the transfer.
Just made a spontaneous purchase on an 18 Century French Bureau or a villa in Tuscany and need to transfer your deposit pronto.
Heard rumours that exchange rates are about to drop and you want to lock in a rate but aren't ready to make your transfer just yet?
You've started your own custom design t-shirt business and you've got to regularly pay your suppliers based in China.
Everyone has different overseas money transfer needs so it’s about finding the right fit for you. If you’re an existing NAB customer you’ll already have the ability to transfer money overseas right now, but if you’re thinking of becoming a customer, here’s a few reasons why you might want to choose NAB:
You’ll need to be a NAB customer and have NAB internet banking set up. It is easy to become a customer, you can do this online, over the phone or at one of NAB branches around Australia. You will need to have NAB Internet Banking and activate the pay anyone and SMS security.
You will need the following information to send an overseas payment: