Transfer funds overseas with NAB Internet Banking (+ video)

Whether you’re sending money to a relative or doing business overseas, take the hassle out of international funds transfers with NAB Internet Banking.
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Sending money overseas is easy

You can transfer funds to overseas accounts in over 50 countries. All you need is the name and address of the recipient, their account number, and their branch’s SWIFT or BIC code where the account is held.
SWIFT is a secure network of international banks, so you know your money will reach its destination smoothly and quickly.

Why use Internet Banking for international transfers?

Save money

Transferring funds through NAB Internet Banking is faster and cheaper than doing it at a branch.

See the exact exchange rate in real time

During business hours real time rates let you know that exact amount of foreign currency that you’ll get for your Australian dollars, down to the last cent, penny, or yen. So if you’ve been invoiced in a foreign currency, you’ll know exactly what it costs to settle it. Before you confirm your transfer you’ll also see all of the fees that apply.

And by converting your funds before you send them you know that the recipient won’t have to pay a conversion fee. (Their bank might charge other fees for receiving payments from overseas, though.)

What you need

  • Your NAB Internet Banking login details:
    • NAB ID (which is on the back of your credit card or debit card)
    • Your NAB Internet Banking password
  • Pay Anyone and SMS Security activated.
  • The account number, name and address of account holder you are transferring to and their branch’s SWIFT or BIC code. You can get this from the bank that’s receiving the payment – start by checking the bank’s website.

What to do

In NAB Internet Banking, open the Funds Transfer menu and select New Funds Transfer. You should be able to guide yourself through the process or the short video above tells you what to do.

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Comments
sergio almemdrades June 25, 2012 at 10:52 pm

where can I see the 50 countres list

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NAB June 26, 2012 at 3:54 pm

Hi Sergio, here you go! ^JL

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Amara June 28, 2012 at 4:49 pm

It doesn’t say anything about how much time it takes for the recipient receive, why I should use this service over Western Union/Moneygram….? No Clue…..

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NAB June 28, 2012 at 7:01 pm

Hi Amara, the recipient will usually receive the funds within 72 hours. More here. Hope that helps. ^JL

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peter June 28, 2012 at 6:45 pm

how long does the transfer take to reach the overseas bank account?

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NAB June 28, 2012 at 6:49 pm

Hi Peter, the transfer of funds is usually received within 72 hours by the beneficiary’s bank. If the overseas bank is not the beneficiary’s, it may take longer to on forward funds to the beneficiary’s bank. There may be other circumstances outside of NABs control which may also cause additional delays. Hope that helps. ^JL

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Ken June 28, 2012 at 7:59 pm

Can I transfer money from UK Bank to NAB account in the same way?

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NAB June 29, 2012 at 2:18 pm

Hi Ken, this will depend on whether your UK bank offers a similar service – best to check with them! Please refer to their instructions when transferring funds. ^JL

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sher July 14, 2012 at 4:50 am

hi, will you send my recipient a mail or post to annouce her after i did the international transfer??

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Noemie August 2, 2012 at 2:45 pm

Hi, I opened an account in your branch Bank of New Zealand, thinking I’ll have no fees for an international funds transfer from my own NAB account to my own BNZ account? Is that correct?

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NAB August 7, 2012 at 3:52 pm

Hi Noemie, the same fees apply to transfer funds from a BNZ account to a NAB account (considered New Zealand to Australia). Hope that helps. ^JL

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Tracy August 9, 2012 at 9:12 pm

I transferred money to a German bank account and it took 7 days to go through!!

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NAB August 10, 2012 at 12:20 pm

Hi Tracy, thanks for letting us know. Transfer of funds are usually received within 72 hours by the beneficiary’s bank. If the overseas bank is not the beneficiary’s, it may take longer to on forward funds to the beneficiary’s bank. There may be other circumstances outside of NAB’s control which may also cause additional delays. If you would like us to follow up on this transaction, let’s chat more via social.media@nab.com.au. ^JL

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Bill August 17, 2012 at 8:03 pm

Where do I find the list of countries that I can send money to. Is Ukraine one of them

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NAB August 23, 2012 at 3:44 pm

Hi Bill, you can find the list of countries that you can send an International Funds Transfer to here. Currently, Ukraine is not on this list – however, this list of countries is under review and I’ll let everyone know if there are any changes. ^AS

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Nicolle October 5, 2012 at 1:38 pm

How do I know the correct swift number to use, I am doing business with someone from NZ and need to supply the swift number and account number.

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NAB October 30, 2012 at 1:01 pm

Hi Nicolle, the preferred SWIFT CODE for Australia wide is NATAAU3303M. This is valid for all states. Let’s chat by email (social.media@nab.com.au) if I can help further, thanks! ^SM

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