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?
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.