How Long Does an International Money Transfer Take?

It can take between 0 to 5+ days. The method you choose to transfer money will have the biggest difference on transfer speed.

How many days does an international money transfer take?

Just how long it takes for an international money transfer to arrive overseas depends on which company you use. We have provided examples of how long it takes to send money overseas with the companies below.

These delivery times are some of the quickest in the market.

These are the times it will take to send your money overseas if you use a money transfer provider (Wise, OFX, XE and WorldFirst) to send an international money transfer.

Times are shown above for both international money transfers and telegraphic transfers (TT). Many people avoid using a bank to transfer money overseas because it is slower.

Wise (formerly TransferWise)

Around 50% of the transfers with Wise are instant.

Wise international transfers can take 0-3  business days. Transfers come with better rates and lower overall costs compared to the other providers and banks. If Wise supports payments to the country you’re sending to, and you want your transfer to be delivered to a bank account, that’ll probably be the cheaper and fastest way to move your money online.


OFX can deliver its international transfer between 0-3 business days.

OFX is a safe and established provider of currency services and international payments. If you're looking for a personal service and would prefer to talk to a broker on the phone - or you need advanced currency management solutions, OFX can be a good bet.

Western Union

Transfers can take between 0-3 days with Western Union.

Western Union is the largest money transfer company in the world. The company began back in 1851 as the New York and Mississippi Valley Printing Telegraph Company. Since then, it has evolved into a company that actively promotes its ability to move money anytime and anywhere.

How long does an international transfer take between banks?

This really depends on the country of the two banks. With the introduction of the New Payments Platform (NPP), domestic money transfers within Australia in Australian dollars, like transferring $100 from NAB to ANZ, should happen within seconds. Many other countries have strong local payment networks making local payments pretty fast.

If you are transferring money between two banks in different countries it's completely different. This is because transfers within a country are done using a local system. If a bank has to transfer money to another country, they will mostly use the SWIFT payment network which can be slow.

Depending on where you are sending to, a bank transfer can take longer than 5 days to arrive in the international bank account due to intermediary banks. This is common when the international bank account is in a country the banks do not trade with regularly.


How long it takes to send money overseas using an Australian bank?

According to each of the big four bank sites, this is how long it should take:

According to the Australian Financial Review (AFR) Wise has had so much success in recent years because they are consistently faster at transferring money overseas than the banks.

How long does a wire transfer take to process?

Great question but there is no simple answer. At best they take 1 business day and at worst more than 5 days to complete the international transfer.

Assuming you've asked your bank to transfer the money before their cut off time (usually around 5pm) they will process the payment that day. As Wise says in this blog:

'But just because your bank processes an international wire on that business day doesn’t mean it will arrive to your international recipient’s bank account that same day. Many sites quote that an international wire should normally arrive within 1-5 business days. But there are many factors that can add time to your transfer.'

How to transfer money internationally

  • Step 1
    Thankfully, you only have to do this once. You'll have to register your details like name, address email and provide some identification.
  • Step 2
    You'll need to enter the bank account details of the person you are transferring the money to. This is also when you lock in the exchange rate.
  • Step 3
    Before the money is transferred overseas, you'll need to pay for it. All companies offer their bank account details for a direct bank transfer. Most companies offer Bpay and some even allow you to pay using a debit or credit card.
4 Tips for Making an International Money Transfer 4m 08s

Our FAQs for international money transfers, answered

Compare Companies that Allow You to Transfer Money Overseas

Ileana Ionescu
Content manager
With a background in business journalism, Ileana is an experienced content manager, creating content for Exiap that helps its audience make informed decisions about their finances.
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Last updated
October 10th, 2023