ANZ International Transfer: Time, Rates, Limit, Details, Process

Study Abroad: The Cheapest Ways to Transfer Money Abroad

ANZ international transfer is a remittance service offered by the Australia New Zealand (ANZ) Bank. The bank allows its customers to send money internationally to over 200 countries spread across Europe, Asia-Pacific, North America, and Africa. This outward remittance service of ANZ Bank provides customers with different options to transfer funds, including online banking, mobile banking applications, or visiting any ANZ branch. To initiate an international money transfer, customers need to provide details such as the recipient’s name, bank account number, and the corresponding bank’s information. 

Let’s check all the details on different ways to transfer money, transaction limit, processing time, and correspondent bank fees associated with ANZ Bank international transfer. 

How to Send Money through ANZ International Transfer?

Here is a step-by-step guide to sending an ANZ international transfer through the Internet banking service of this financial institution:

  • Visit the official website of ANZ Bank, also known as ANZ Group Holdings Limited 
  • Go to the ‘Payments’ menu
  • Choose the ‘International Services’ option from the menu
  • Now, select the ‘Transfer Funds Overseas’ option and fill out the required information
  • In the next step, add ANZ Shield Security App to access higher payment limits and for extra security.

Also Read: Want to explore more on money transfer? Check here all about LIV International Money Transfer

Details Required for ANZ International Money Transfer

An ANZ account holder needs to fill out the following information to make an overseas funds transfer:

  • Amount of money to be transferred
  • Currency of money transfer
  • Full name, account number, and home address of the beneficiary
  • Destination nation, full name and address of the beneficiary’s bank, and branch number of the recipient’s bank account or Bank Identifier Code (BIC) or Society for Worldwide Interbank Financial Telecommunications (SWIFT) code of the receiver’s bank
  • Routing Number, if beneficiary resides in the US
  • International Bank Account Number (IBAN), if the recipient stays in European countries and other selected nations

Also Read: Check here all about Kakao Bank International Transfer

How to Receive ANZ Overseas Transfer?

To receive an ANZ international transfer, an account holder must provide the following details to the sender:

  • Name and physical address of the ANZ branch in which the funds are to be received
  • Account number and full name of the ANZ account holder
  • ANZ SWIFT code (ANZBAU3M)

ANZ International Transfer Fees 

ANZ charges different transaction fees for money sent internationally via Internet Banking and Phone Banking. Here are the different charges attached to both types of ANZ international transfer methods:

ANZ Phone Banking

Charges for ANZ phone banking international transfer are mentioned in the following sections.

For Overseas Transfers to Tonga, Cook Islands, Papua New Guinea, Vanuatu, Fiji, Timor Leste, Kiribati, French Polynesia, Solomon Islands, New Caledonia, Guam, and Samoa:

Here are transaction fees for different types of overseas transfers.

ParticularsFees for Amounts less than $10,000Fees for Amounts Equal To and Above $10,000
For money sent from an AUD account in foreign currency $7$0
For money sent from a foreign currency account$7$7
For funds transferred from an AUD account to another AUD account$7$7

For Overseas Transfers to Other Countries

The table below contains transaction fees for different types of overseas transfers.

ParticularsFees for Amounts less than $10,000Fees for Amounts Equal To and Above $10,000
For money sent from an AUD account in foreign currency $9$0
For money sent from a foreign currency account$32$32
For funds transferred from an AUD account to another AUD account$32$32

Also Read: Know all the details about Cooperative Bank International Transfer

ANZ Internet Banking

Here are the ANZ international transfer charges for different types of transactions.

For Overseas Transfers to Tonga, Cook Islands, Papua New Guinea, Vanuatu, Fiji, Timor Leste, Kiribati, French Polynesia, Solomon Islands, New Caledonia, Guam, and Samoa:

ParticularsFees for Amounts less than $10,000Fees for Amounts Equal To and Above $10,000
For money sent from an AUD account in foreign currency $0$0
For funds transferred from an AUD account to another AUD account$7$7

For Overseas Transfers to Other Countries

The table below contains transaction fees for different types of overseas transfers.

ParticularsFees for Amounts less than $10,000Fees for Amounts Equal To and Above $10,000
For money sent from an AUD account in foreign currency $9$0
For funds transferred from an AUD account to another AUD account$18$18

ANZ International Transfer Exchange Rates

The exchange rate on each overseas transfer depends on the currency exchange rate in the forex market on the respective date. 

Transaction Limit

Here are the daily transfer limits on ANZ overseas money transfers:

  • ANZ Internet Banking users can send up to USD 150,000 per day internationally. 
  • However, for ANZ Phone Banking users there is no limit on ANZ international money transfer. Users of the ANZ Mobile App cannot send money through a credit card. 

Correspondent Bank Fees

The table below shows correspondent bank fees for ANZ international transfers to various countries:

Destination CountryCorrespondent Bank Fees (Estimate)
IndiaThe fee is covered by ANZ
South AfricaZAR160
PhilippinesPHP0
JapanJPY2500
Hong KongHKD65
SingaporeSGD10
East TimorThe fee is covered by ANZ
New ZealandThe fee is covered by ANZ
FijiThe fee is covered by ANZ
Papua New GuineaThe fee is covered by ANZ
TongaThe fee is covered by ANZ
Cook IslandsThe fee is covered by ANZ
GuamThe fee is covered by ANZ
SamoaThe fee is covered by ANZ
Solomon IslandsThe fee is covered by ANZ
KiribatiThe fee is covered by ANZ
VanuatuThe fee is covered by ANZ
United KingdomThe fee is covered by ANZ

Processing Time

ANZ international transfer takes around 2 business days or earlier. Most of the transactions take place within a few hours making the overseas money transfer. The processing time also depends upon the sender. It is suggested to enter all the required details properly without any mistake as the transaction once done is very difficult to modify or cancel.

FAQs

How long does it take to send money internationally with ANZ?

It takes a maximum of 48 hours. Most of the transfers are processed immediately, whereas, some take around 2 business days.

How much is ANZ international receive charge?

ANZ charges up to $15 per payment for each inward remittance.

What is Correspondent Bank Fee for ANZ international money transfer to India?

There is no correspondent bank charge for money transferred to India via ANZ. This financial institution covers the correspondent fee. 

Is it mandatory to have an account with ANZ Bank to make international transfers?

If you want to send money through an international bank transfer then you need an account with the bank. However, in case of a wire transfer, the transaction can be done through a third-party merchant. Contact the bank for more details and terms and conditions.

How can I track an international money transfer done through ANZ Bank?

You can track the transactions by logging in to the net banking portal of ANZ Bank. Always keep regular track of the transaction so that it can be completed quickly and you can report to the bank in case of any issues.

This was all about ANZ International Transfer. Always check the terms and conditions and the schedule of charges before initiating any transaction through the bank or third-party merchant.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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