How to Receive Money From Overseas Using ANZ Bank

By the end of this article you should have a much better idea of how to receive an international money transfer with ANZ.

If you're receiving money from overseas through ANZ for the first time, it can seem daunting to get your head around all the details you need. Here’s our guide on exactly how to receive money from overseas through ANZ. We go over all the information and codes you need, and fill you in on ANZ's exchange rates and fees.

ANZ fees for receiving money from overseas

One of the most important things you need to know is how much the process is going to cost with ANZ. Unfortunately, ANZ's international transfer fee (telegraphic transfers) from overseas vary depending on how the funds are received, but here's a general guide:

  • For payments outside Australia — $50 per item + costs
  • Payments at ANZ within Australia, equivalent to under $100 Australian Dollars — Free
  • Payable at ANZ within Australia, equivalent to $100 Australian Dollars or more — $35

Below, we have some more information about ANZ's international transfer fee (telegraphic transfers) from overseas:

  • The fee that ANZ charges will be taken from the total amount of money that you receive, even before it is credited to your account. However, ANZ only charges you if the overseas bank that makes the international transfer says they won't charge any fees for the transfer
  • Payments paid directly to an ANZ account — up to $15
  • Payments to non-ANZ customers or transferred to another bank in Australia — up to $25
  • Unconverted payments transferred to another foreign currency account held at a bank in Australia — $35
  • Bank cheque issued for amounts of $100 and over — $27
  • Payments made on application and identification — $20


Extra Fees to be Aware Of:
  1. Intermediary bank fees — payments may be routed through one or more intermediary banks before the payment reaches your ANZ account. This could happen if the remitting bank has an arrangement with another bank in Australia or overseas. In this scenario, the intermediary banks may also charge processing fees. This will be deducted from the amount you receive.
  2. Sending provider or bank fees — International money transfers sent from an overseas bank or currency exchange provider may be subject to commissions, fees and other charges. These are typically deducted before sending the money to you.

*All details shown above are correct as of September 2019.

Currency exchange rates

The currency rates the person who's sending you money gets for transferring money to you depend on the bank, money transfer provider or other service your sender is using. This means when you receive money into your ANZ bank account, it's not ANZ's rates that'll determine how much you receive on your end.

If you want to check the exchange rates your sender is using, ask the sender to give you all the details of the provider their using. Generally speaking, the exchange rates and fees charged by banks are often higher than the sender could get, compared to a dedicated money transfer provider. If they're using their own bank, you can always suggest they use a specialist money transfer company that will give you the best exchange rates instead.

How long it takes to receive currency with ANZ Bank

Funds will normally be deposited into your bank account within 2-5 business days. However, the time it takes to receive an international money transfer will depend on a few factors  are a few factors including:

  • The country you’re receiving the money from
  • The currency exchange provider the sender is using
  • The type of currency that you’re exchanging from


Giving your ANZ bank details to receive money from overseas

Firstly, you need to be a customer of ANZ bank to receive money into your ANZ bank account through their services. If you would like to become an ANZ customer, you can apply for an ANZ bank account online or visit a local branch.

Next, you'll need to provide the person or business who is sending you money with some details to receive money into your ANZ AUD account. They will need the following information:

  • Your account name
  • Your account number and BSB
  • ANZ’s SWIFT code or BIC code. This is ANZBAU3M. If the other party requires an 11 digit SWIFT, use ANZBAU3MXXX


Additional information you might need

Depending on how they're sending you the money, you may also need to give them:

  • Your ANZ branch name and address
  • Your residential address that is listed on the account
  • ANZ’s full beneficiary bank name - this is ANZ Bank New Zealand Limited

Below is a summary of information you may need to give to your sender so they can complete their money transfer from the country they live in:


ANZ IBAN number

IBAN is an account format used by European banks. Australian banks do not use this format and an IBAN is not required to send money to an ANZ bank account in Australia. Other parties with an IBAN field on their overseas payment form can simply leave this field blank.


ANZ Routing Number

If the other party requests a National Clearing Code, Routing Number, BSB Number or Sort Code, you should use the first six digits (bank and branch codes) of your account number you wish to receive the payment into. For example, if the account number is 01-0123-0123456-00 use 010123.


ANZ International SWIFT Code

When making a transfer to ANZ from overseas you will most likely need ANZ's SWIFT Code. A SWIFT code is can also be known as a ANZ's BIC Code (Bank Identifying Code) or Bank Code. ANZ's SWIFT code is ANZBNZ22 or ANZBAU3M. Note that if the other party requires an 11 digit SWIFT the person sending, you the money should use ANZBNZ22XXX.


ANZ Address for International Transfers

When it comes to filling in the address of your bank, you will simply need to use the address of your local branch. Or the branch that you most frequently visit. If you do all of your banking online, you can search for the closest branch on Google. When asked what the beneficiary bank is, fill in the details you see below:

Australia and New Zealand Banking Group Limited (SWIFT BIC ANZBAU3M)


ANZ Account Number Details

The way you provide your account number will depend on the type of account you are receiving the funds to. This means the ANZ account number format and length depend on whether it is a domestic account (a normal, everyday Australian Dollar account) or a foreign currency account you are holding with ANZ. According to ANZ, you should fill in the details the way they are shown below:

  • If you are receiving the funds to a to a domestic account, use the example format here:
    • BSB 01XXXX
    • Account: 123456789
  • If you are receiving the funds to a foreign currency account, use the example format here:
    • BSB 01XXXX
    • Account: 123456CCY00001

What if you don't want to convert the money into Australian dollars?

You may want to keep the money in a foreign currency instead of converting into Australian Dollars straight away. In this case, you can either use a foreign currency account with ANZ or a Wise Borderless Account (formerly known as TransferWise). Both have their pros, cons, costs and benefits so we recommend you read up on your options before making a decision.

Related links: Wise Borderless Account Review (formerly known as TransferWise), Foreign Currency Accounts: Explained and Compared

Benefits of receiving money internationally with ANZ Bank

  • Very convenient if you already have an ANZ bank account
  • It’s a relatively simple and straightforward process
  • You can receive money from most countries around the world

Notes on international bank drafts or cheques

International bank cheques or drafts can be deposited into an ANZ account. It can be a lengthy process. If it is in a foreign currency it will take longer to process as it will need to be returned to the country of origin for clearing. Additionally, the fees associated with these types of payments are very high. This means that we would never suggest using international bank drafts or cheques. It would be better to request a different payment method from the sender.

Related Link: Receiving Money from Overseas with ANZ Bank

ANZ bank disclaimers

ANZ bank does not check payment details.

If payment details are incorrect it may result in an unsuccessful transfer or the wrong account receiving funds. It's pivotal that you provide the correct details to the person making the payment. This will save time for both parties and ensure you receive your payment without any issues.

Before your sender uses a bank to send your money overseas

If you want to get the most value out of your currency exchange, consider asking the sender to use a dedicated currency exchange or money transfer service. Sending your money using their bank can be expensive. They'll pay higher fees and get a worse exchange rate than using a dedicated money transfer specialist. It can also mean additional receiving fees for you and even less money by the end of the transaction.

Specialist currency providers are fast and easy to use, offer excellent exchange rates and have low or non-existent fees. This means your money goes further.

For example, here’s what it would cost to convert £10,000 into AUD, via ANZ. We've used a couple of our top rated money transfer specialists to compare.

  • ANZ — £10,000 to $AUD — you will receive $17,334.03 AUD
  • Wise — £10,000 to $AUD — you will receive $17,956.58 AUD — $622.55 (3.6%) more - (formerly known as TransferWise)
  • TorFX — £10,000 to $AUD — you will receive 17,955.01 AUD — $621.01 (3.6%) more

*All details shown above are correct as of September 2019.


If your sender uses a dedicated money transfer service like WorldFirst, Wise (formerly known as TransferWise), OFX or another exchange provider, they could save you hundreds of dollars on a transaction like this. To see how much your sender could save, get them to take a look at our free online money transfer comparison tool.


And that’s it! That is everything you need to know about receiving your money from overseas using ANZ.

The next time you or someone else needs to send money internationally, check how much you can save using our money transfer comparison tool.

Oscar Murray
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Last updated
June 9th, 2021