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Transfers to and from Australian Dollars

TransferWise can send Australian Dollars (AUD) to bank accounts located in Australia. You can also send AUD from Australia using TransferWise. Feel free to read more below! 

To get started with your first transfer, please click here


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Sending to AUD
 

For more information and to get started with your first transfer to AUD, click here!

Basic Information   Notes
TransferWise Fee 0.7% When sending from currencies with a different fee, the higher charge applies. Some currencies have a discounted fee for larger amounts. For more information, see below

For information about the fee when transferring from USD to AUD, please see 
this page
 
Delivery time* 0-2 working days *After payout. Please keep in mind that TransferWise can take up to two working days to convert your funds from receiving the deposit
Maximum payment A$1,500,000  
Countries we can send to Australia only  
Additional Receiving Banking Fees None  
Required Details    
Recipient Full Name Yes When sending to individuals, please include first name and surname. There is a 35 character limit, and please use only standard Latin letters (a-z)
Recipient Account number Yes 5-9 digits
Recipient BSB Yes 6 digits
Recipient E-Mail address No Not needed.
Recipient address Yes* If payment is over the equivalent of €50,000
Payment reason Yes* If payment is over the equivalent of €50,000
Features    
Fixed/specific amount Yes The currency you're sending to must also be able to receive fixed amounts - more information here. When you transfer from USD, your exchange rate is locked in, meaning your recipient can receive a specific amount. Find out more here
Transfers to an email address Yes Except when transferring from USD. For more information, please click here
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Sending from AUD
 

 
Basic Information   Notes
TransferWise fee 0.7% (or 1.50 AUD for payments under 300 AUD) Except when sending to SWIFT currencies, where an additional A$10 flat fee is charge in addition to the outlined fees

Debit / Credit card payments from AUD are 2% 
For more information, please see here.

Some currencies have a discounted fee for larger amounts. For more information, please see here.
Time for deposit to reach TransferWise 0-2 working days Please note TransferWise usually only receives deposits within UK working hours (9-5 UK time Mon-Fri)
Additional sending fees No  
Features    
Fixed/specific amount Yes The currency you're sending to must also be able to receive fixed amounts - more information here
Transfers to an email address Yes Except when transferring to INR and UAH. For more information, please click here
Debit/Credit Card Payments Yes The limit per payment for AUD card payments is 3500 AUD. Paying with any card carries an additional 2% fee.
POLi Payments Yes (Website only) POLi payments arrive to us within 2 working days. Only available for a limited number of Australian banks - see list in additional notes. Refunds take 1-2 working days.
Verify ID Yes For all transfers from AUD, we now request a copy of an ID document (e.g. passport or driver's licence) prior to your first transfer.
 

Fee Discount 

You receive a discounted fee when sending over 20,000 AUD from Australia to some currencies. A similar discount applies when you send over 10,000 GBP, EUR or CHF to AUD.

The discounted fee applies to the amount over A$20,000 when sending from AUD (or when sending over 10,000 GBP/CHF/EUR to AUD).

For example, if you send A$30,000 to one of the listed currencies below, the fee will be 0.7% for the first 20,000 AUD (140) and 0.5% of the remaining 10,000 (50) equaling a total fee of 190 AUD. 
 
From AUD  
Basic Fee 0.7% (or 2 AUD for transfers below 285 AUD). Please note that when sending to currencies that have a higher fee, the higher fee always applies.
Fee for amount above 20,000 AUD 0.5%
Currencies which receive discount above GBP, EUR, USD, CHF, DKK, NOK, SEK, PLN, CAD, HKD, SGD and JPY
   
To AUD  
Basic Fee 0.7%
Fee for amount above 10,000 GBP, EUR or CHF 0.5%
Currencies which receive discount GBP, EUR and CHF
 

 

AUD Refunds

If you cancel your transfer from AUD when you have already sent the money to us (using one of the payment methods listed), and the transfer has not yet been completed, then we can simply refund your money back to you. See what is required to complete the refund for your payment method below.

Bank Transfer

When refunding a bank transfer, the money must be sent back to the account it came from and we will ask for the following details:
  • Account holder name
  • Account Number
  • BSB Code

Your money will then be sent back to you and should and should arrive within 2 working days maximum.

Debit/Credit Card

Card payment refunds are automatic, and once you cancel a payment, your money will be sent back to the card you paid from. You can read about how long these take here.

 

Additional Note
  • When sending from AUD to CAD (Canadian Dollars), a recipient address will also be requested and is mandatory.
  • POLi Payment Banks - ANZ, Bank of Melbourne, Bank of Queensland, BankSA, Bankwest, Bendigo Bank, Citibank, Commonwealth Bank, CUA, IMB Building Society, ING Direct, NAB, Newcastle Permanent, Peoples Choice Credit Union, St. George Bank, Suncorp and Westpac.

TransferWise Ltd is a designated remittance provider registered with the Australian Transaction Reports and Analysis Centre ("AUSTRAC") IND100428576-001.  

We are also regulated by the Australian Securities and Investments Commission (ASIC), Australia Financial Services Licence (AFSL) number 456295. Australian Registered Business Number (ARBN) 168 331 191. 
 
Finally, we are a member of the Financial Ombudsman Service, membership number 35137.

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