How to receive an international wire transfer with Macquarie Bank in 2025

If you’re a Macquarie Bank customer and need to receive money from someone overseas, you’ll have to take a few steps to make sure your payment can be safely and efficiently delivered to your bank account.

This guide covers how to receive an international transfer with Macquarie Bank, and also touches on a couple of alternatives – Wise, Revolut and OFX, which may suit you for business or personal usage.

Read our full guide to receiving incoming international wire transfers with Macquarie Bank, to learn all there is to know.

Key points: Macquarie Bank receive international wire transfer

  • You can receive incoming international wire transfers with Macquarie Bank to a broad selection of different account types
  • Macquarie Bank can only accept incoming international wires in AUD – transfers in a foreign currency will be returned to the sender
  • Intermediaries known as correspondent banks may deduct fees while your payment is being processed
  • International payments arranged by banks can take a couple of working days to arrive, or longer in some cases
  • Alternative providers like Wise or OFX offer local account details in foreign currencies which let you receive payments with being forced to convert back to AUD every time
FAQs Answers
Does Macquarie Bank charge a fee to receive an international wire transfer? Macquarie Bank does not charge fees for incoming wire payments for most accounts – double check your own account fee schedule for full details.
How long does it take to receive an international wire to Macquarie Bank? International payments arranged by banks can take a couple of working days to arrive, or longer in some cases.
Are there better alternatives to Macquarie Bank for receiving international wire transfers? With alternative providers like Wise or OFX you can get local account details to receive foreign currencies without needing to convert back to AUD. More on that later.

How to receive an international wire transfer to Macquarie Bank: Step-by-step instructions

Receiving a payment from overseas with Macquarie Bank is pretty straightforward. The person sending the payment will need your personal and account information to give to their own bank.

The sender’s bank can then arrange the transfer which will need to be converted to AUD before it can be deposited to your Macquarie Bank account. Here’s an overview:

Step 1: Give the sender your Macquarie Bank account information

The basic information needed by the person sending you a payment includes your name and address, your account and BSB number, and the Macquarie Bank SWIFT/BIC code.

You can find your account and routing number easily by logging into the Macquarie Bank online banking or mobile app. When you pass your information to the sender, remind them that they will have to ask their bank to convert the funds to AUD or the payment will be returned by Macquarie Bank.

Step 2: Agree who will pay the transfer costs

Macquarie Bank doesn’t charge any fees in most cases for receiving your payment. However, this doesn’t mean it’s free.

If you’re expecting to receive a fixed amount in the payment, you may want to ask the sender to cover the transfer costs levied by their own bank, plus intermediary fees applied by other banks involved in the process. Otherwise, fees could be deducted as the transfer is processed, which may mean you get less than you expected in the end.

Step 3: Wait for the money to be deposited into your Macquarie Bank account

The sender can then arrange the payment, and once it has been processed it will be deposited into your Macquarie Bank account. The transfer time can vary a lot depending on the originating bank and country. Some payments can settle within a business day or two, others may take up to 5 business days to arrive.

Macquarie Bank fees to receive an international wire transfer

Macquarie Bank doesn’t charge any fees in most cases for receiving your payment. You’ll need to double check the Macquarie Bank incoming international wire transfer fee for your specific account before you get started, to make sure there are no surprises.

Alternatives to Macquarie Bank to receive an international wire transfer

If someone is sending you money, you don’t necessarily need to receive it to your Macquarie Bank account. Macquarie Bank only lets you receive payments in AUD, and getting paid in a foreign currency might be more convenient and cheaper.

Using a multi-currency account to receive payments in foreign currencies can be a flexible solution, and allow you to hold or exchange the payment as you wish. Alternative providers like Wise, Revolut and OFX support multiple currencies and can be selected for business or personal use, depending on the provider you decide to go with.

Here’s an overview of these providers based on some key features. There’s more coming up about each in just a moment.

Wise Revolut OFX
Eligibility Personal and business customers Personal and business customers Business customers
Supported currencies for holding 40+ including AUD, GBP, EUR and USD 30+ including AUD, GBP, EUR and USD 7 including AUD, GBP, EUR and USD
Local and SWIFT account details  Local account and SWIFT details available in 8+ currencies AUD local account details provided

 

SWIFT account details available in select currencies

 

Local account details for 7 currencies
Fee to receive money Free with most local account details

 

6.11 USD for USD wires

 

10 CAD for CAD SWIFT payments

No fee No fee
Exchange rate Mid-market rate Revolut rate with no additional fee, to plan limit – fair usage and out of hours fees may apply Exchange rates include a markup

*Information correct at the time of writing on 4th February 2025.

Wise

The Wise Account is available for personal or business customers, and can be used to receive, hold, send, spend and exchange a broad selection of currencies.

Your account offers ways to get paid in select currencies with local and SWIFT account details, often with no incoming payment fee. You can then use your linked debit card to spend online and in person, with currency exchange which uses the mid-market exchange rate with low conversion fees from 0.65%.

You can also send payments to others from your Wise balance, or withdraw your money back to your AUD bank account if you want to.

Business customers get similar perks to personal customers, plus some extras like batch payment solutions and cloud accounting integrations.

Revolut

Revolut offers digital accounts which support 30+ currencies, and which come with an Australian account and BSB for local payments, and SWIFT account details to receive payments from abroad in foreign currencies.

Revolut personal customers in Australia can choose from 3 different account tiers depending on needs, all of which come with a linked debit card and some no fee currency conversion every month.

OFX

If you need an account for your business, the OFX Global Currency Account is a popular option, with 7 currencies supported for receiving, holding and exchange.

Your account comes with local account details to receive payments from customers or to get paid through PSPs and marketplace sites in major foreign currencies. This makes it a good choice for online sellers working with international customers.

There’s a linked debit card with this account, and you can send or withdraw your funds whenever you want to. Depending on the type of payment you make, you may also benefit from low or no no fee for outgoing transfers when you send money from your account.

Exchange rates might include a small markup.

What information is needed to receive a wire transfer at Macquarie Bank

To receive an international wire transfer to your Macquarie Bank account you must give the sender some important information.

Having incorrect or incomplete information may mean the payment is delayed, rejected or deposited into the wrong account.

Here’s what you need:

Information needed to receive an international wire transfer to your Macquarie Bank account
  • Your Macquarie Bank account number
  • Your Macquarie Bank BSB number
  • Your name as shown on your Macquarie Bank account
  • Macquarie Bank’s full address
  • Macquarie Bank’s SWIFT code

Macquarie Bank SWIFT code for international transfers

The Macquarie Bank SWIFT code is needed to make sure your money is deposited into the right account. It’s a unique identifier which guides the payment from the sender’s bank overseas to your Macquarie Bank account in Australia.

Macquarie Bank SWIFT code
Macquarie Bank SWIFT code: MACQAU2S

How to find Macquarie Bank SWIFT code

Find the Macquarie Bank SWIFT code on the Macquarie Bank website, by calling the bank, or by visiting a local branch.

Macquarie Bank address for incoming international wires

The person sending you money is likely to ask for the full Macquarie Bank address to securely process your payment.

Macquarie Bank address
Bank name: Macquarie Bank Limited

 

Bank address: 50 Martin Place, Sydney, NSW 2000

Macquarie Bank receive limits for incoming international wires

There’s not usually a limit on the amount of money you can receive as an incoming payment to Macquarie Bank. However, the exact limits can vary depending on the specific account you have, so if you have a large payment on the way it may be worth checking with the bank directly to ensure there are no issues with receiving your money.

How long does it take for Macquarie Bank to receive an international wire transfer?

The length of time it takes to receive a payment to Macquarie Bank will depend a lot on the bank which is sending the payment in the first place.

Generally banks use the SWIFT network to process international payments, which can take up to 5 days to process a transfer.

SWIFT payments usually go through one or more intermediary banks before they arrive in the destination account – this can take some time, and may also mean that additional fees are deducted from the transfer as it passes through the system.

If you’re looking for a quicker transfer you might want to ask the sender to use a specialist service like Wise.

Transfers sent with Wise often arrive instantly, and 90% are in the recipient’s account in 24 hours*. This is because Wise uses its own payment network to process payments without SWIFT, cutting out cost and making the process more streamlined.

*The speed of transaction claims depends on individual circumstances and may not be available for all transactions

How to track an incoming international wire transfer with Macquarie Bank

If you want to check on the progress of the money that’s winging its way to you, you’ll need to ask the sender to log into their bank account and track the payment on your behalf.

What can you do if your transfer is not delivered yet

In the first instance it is worth asking the sender to have their bank track the payment to see what has happened to it.

You can also ask Macquarie Bank if they have any information on the transfer.

Ultimately, the sender’s bank can put a trace on the wire transfer if it has been misdirected, but there is likely to be a fee to pay for this service.

Talk to your local Macquarie Bank branch for advice if you’re not sure what to do about a missing payment.

Conclusion: Macquarie Bank incoming international wire transfer

You can receive incoming international transfers to most Macquarie Bank accounts, but the payment must be converted to AUD before being received by the bank and deposited. Payments received to Macquarie in foreign currencies are returned to the sender, and may incur fees.

As an alternative, you might want to look at accounts which offer local account details, such as the Wise account or the OFX Global Currency Account. These options let you pass the sender local account details in their home currency, so they can send a local payment which is received to your account in the foreign currency.

So – your friend in the UK can send you a payment in GBP easily, and using a local transfer method, which is usually free or cheap for them, too. You can then hold your balance in the foreign currency, convert and withdraw the money, send it to others, or spend it. This gives flexibility and often means lower costs in the end.

 

Claire Millard
Fintech copy and content writer
Claire Millard is a content and copywriter with a specialty in international finance. Her work has featured in The Times and The Telegraph, as well as industry magazines and leading personal finance blogs.
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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
March 11th, 2025