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International Transfers through Australian Banks

Sending money overseas from Australia is a simple process. All major banks provide international money transfer services, and many provide customers with the capability to execute such transactions through their online banking systems at no additional cost. Most banks have a transaction fee associated with international transfers (generally $20-35), and are not liable for fees incurred by intermediary banks facilitating the transfer in the destination country. Exchange rates offered by banks on these transactions will generally be several cents lower than the established exchange rate for any given day, so it’s wise to confirm this before committing to a large transfer.