How to Transfer Money to a Bank Account Overseas Using Westpac

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

Westpac Banking Corporation got its name from “Western Pacific” and has been around for over 200 years. It has the largest branch network in Australia, and because of this, they are more than capable of transferring money overseas.

We're going to arm you with all the information you need on how to transfer money internationally with Westpac, including what details you need and how the process works. We will also suggest some cheaper options, so you can save money.

How to transfer money overseas with Westpac bank

How to transfer money overseas with Westpac - Basics

Here is what you need in order to use Westpac to send money overseas.

Step 1: Have a Westpac bank account

You need to be a customer of Westpac to use their services. You can apply for a Westpac bank account online or visit a local branch.

Step 2: Register to send money overseas

You can only transfer money internationally with Westpac if you’re registered for the Westpac Protect SMS code. Register by:

  1. Signing into Online Banking.
  2. Selecting ‘Preferences’ from the “Services & preferences” menu.
  3. Selecting  “Security.”
  4. Following the steps to register.

How to transfer money overseas with Westpac - Detailed

  1. Review your bank account and finances to understand how much you need to send.
  2. Work out what currency you are going to be transferring money into.
  3. Get the full name, address and account number of the person or business you’re sending money to. This cannot be a PO Box.
  4. Get the full bank name, address and SWIFT BIC (Bank Identifier Code) or Branch Number (some countries accept this) of the recipient’s bank.
  5. Get the IBAN (for payments to Europe and selected other countries) or Routing Number (for payments to the US).
  6. Destination countries sometimes have extra information requirements for transferring funds. This information varies depending on the country you have chosen to transfer funds to.

2 Ways to transfer money overseas with Westpac

There are several ways to make a transfer through Westpac:

Online: online banking service

  1. Log into Westpac’s online banking portal here.
  2. Select the ‘Make a payment’ button on the Overview page.
  3. Choose ‘Create a new payee’.
  4. Select the ‘International’ option from the Payment method drop-down menu, then select the country.
  5. Input all of the relevant details for the recipient and their bank.
  6. To continue with your International Payment, select the ‘From’ account.
  7. Select the appropriate currency and enter the amount.
  8. Enter the date for the payment and the payment frequency.
  9. Review the payment details and select ‘Continue’.
  10. You will be sent an SMS protect code to your registered device. Enter the SMS code and select ‘Authorise’.

Smartphone: through the Westpac app

  1. Sign in to Westpac Mobile Banking.
  2. Tap “Pay” from the bottom menu.
  3. Follow the steps on screen to make your money transfer.

How much Westpac charges to transfer money overseas

  • Internet banking for international payments in foreign currency — $10
  • Internet banking for international payments in Australian dollars — $20
  • In branch to send any available currency — $32
  • In branch to send Pacific Westpac accounts — $10
  • Receiving bank fees — International money transfers sent to or from an overseas bank may be subject to commissions, fees, and other charges applied by that bank. These are typically deducted by the overseas bank from the funds paid to your recipient.

How long it takes

Depending on the country you’re sending money to, and the currency that you’re exchanging into, funds are normally deposited into the recipient’s bank account within 3 working days.

Advantages of sending money internationally with Westpac

  • Very convenient if you already have a Westpac bank account.
  • It’s a simple and straightforward process.
  • You can make transfers online and via mobile banking.

Disadvantages of transferring money abroad with Westpac

  • Higher fixed fees than a dedicated currency exchange provider.
  • Worse exchange rates than a specialist money transfer company.

Cheaper alternatives to transferring money internationally with Westpac

If you already bank with Westpac, then using them to transfer money from overseas is the easiest option. Just remember, it may not be the cheapest.

We can help you work out if you can save money by using a money transfer company instead of Westpac. Compare the exchange rates and fees at Westpac with your other options below.

Compare international money transfer exchange rates and fees

Related video: Cheaper alternatives to Westpac

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Additional information for transferring money with Westpac

There is a lot of numbers and pieces of information you hear about when it comes to international money transfers. Below there are some extra details you might need and the things you don't.

Westpac IBAN number

IBAN is an account format used by European banks. If you are sending money to a European bank, you will need the IBAN of the bank. Westpac does not have an IBAN.

Westpac routing number

You may need 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 for which the recipient wishes to receive the payment into. For example, if the account number is 01-0123-0123456-00 use 010123.

Westpac international SWIFT code

You will need Westpac's SWIFT code if you are transferring money to your Westpac account, from overseas. It won't be necessary when you are sending money from your account.

Westpac address for international transfers

You shouldn't need Westpac's address to make a transfer from your account. Although, you may need the address of the international bank you are sending the money to. If you do need Westpac's address, just use your local branch.

Westpac 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 Westpac 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 Westpac.

Notes on international bank drafts or cheques

This 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 is better to use a different payment method.

Currencies supported by Westpac

Here’s the current list of currencies that Westpac supports.

United States – Dollars – USD

United Kingdom – Pounds – GBP

Europe – Euro – EUR

Brunei Darussalem – Dollars – BND

Canada – Dollars – CAD

China – Yuan – CNY

Denmark – Kroner – DKK

Fiji – Dollars – FJD

French Pacific – Francs – XPF

Hong Kong – Dollars – HKD

Indonesia – Rupiah – IDR

India – Rupees – INR

Japan – Yen – JPY

Malaysia – Ringgit – MYR

New Zealand – Dollars – NZD

Norway – Kroner – NOK

Papua New Guinea – Kina – PGK

Philippines – Peso – PHP

Saudi Arabia – Riyals – SAR

Singapore – Dollars – SGD

South Africa – Rand – ZAR

Sweden – Kronor – SEK

Switzerland – Francs – CHF

Thailand – Baht – THB

Tonga – Pa’anga – TOP

Vanuatu – Vatu – VUV

Samoa – Tala – WST

View currency exchange rates for Westpac

Daily rates for transferring funds internationally through Westpac are available through their currency converter.

The currency exchange rate you will get does vary from moment to moment.

You will get the up-to-date, dynamic rate when you are booking your transfer through online banking or over the phone.


Westpac disclaimers

WBC does not check payment details.

If payment details are incorrect it may result in an unsuccessful transfer or the wrong account receiving funds. It is 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 you use Westpac to send your money overseas to another bank account

Sending money abroad using your bank can be expensive. You will pay higher fees and get a worse exchange rate than you can using a dedicated money transfer specialist. Specialist currency providers are fast and easy to use, offer excellent exchange rates and have low or non-existent fees, so your money goes further.

For example, here’s what it would cost to convert $10,000 AUD into US dollars, via Westpac and a couple of our top rated money transfer specialists.

Westpac — $10,000 AUD to USD — the recipient gets $13,519 USD and it takes between 2 and 3 days.

TorFX— $10,000 AUD to USD — the recipient gets $14,193 USD and it takes between 1 and 2 days. $674 USD saved with TorFX.

OFX — $10,000 AUD to USD — the recipient gets $14,073 USD and it takes between 1 and 3 days. $554 USD saved with OFX.

*All details shown above are correct as of August 2020.

Using TorFX, OFX or another dedicated currency exchange provider could save you over $500 on a transaction like this. To see how much you could save, take a look at our free online comparison tool.


And that’s it! That is everything you need to know about sending your money overseas using Westpac. Here at The Currency Shop, we want to give you the right information to help you save money and make an informed choice for all your currency exchange needs.

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
November 3rd, 2023