International Money Transfer

Sending money overseas is safe and convenient using Internet Banking. You can also transfer money by visiting a Suncorp Bank branch.

Overview

An International Money Transfer is an electronic transfer of funds to an overseas account. The person who holds the overseas account being credited is called the ‘recipient’ or the ‘beneficiary’. It’s also sometimes known as a Telegraphic Transfer.

International transfers can take up to 5 business days, depending on the receiving bank and if there is any intermediary banks.

Check the International Exchange Rate to find out today’s rate.

You’ll need the following information:

• A Suncorp Bank personal or business transaction account. International transfers are not available from an Everyday Options Sub Account, eOptions Account, Credit Card, Home Loan, Personal Loan, Trust Account or accounts which require more than one signature to operate.
• Beneficiary’s name, address (full business or residential address, not being a PO Box address), including phone number and account details (e.g. International Banking Account Number (IBAN) for transfers to Europe and UK).
• Any information or directions provided in relation to the instruction, this could be a purpose for the payment e.g. family support, a loan payment, payment for travel and payment of invoice etc.
• Overseas Bank details, which could be a Swift Code, Fedwire/Routing number, Sort Code or a Bank Code and its address.

It’s wise to check the overseas bank’s website you are sending money to for international money transfer requirements, including bank details.

International Transfer via Internet Banking:

• No Suncorp Bank fee applies to International transfers via Internet Banking. However, fees and charges may be imposed by the overseas bank or intermediary bank, resulting in receipt of a lesser amount than that originally sent.
• If you are already an Internet Banking customer and have a security token, you are ready to go.
• A Security Token Code can be quickly generated using our free Suncorp Bank Secured App from your mobile phone.
• To make a payment, login to Internet Banking. Once you are in, simply select Transfer Money and then click International Money Transfer.

International Transfer via Branch

• International transfers via the branch cost $30. However, additional fees and charges may be imposed by the overseas bank or intermediary bank, resulting in receipt of a lesser amount than that originally sent. 
• You can transfer money internationally via visiting your local branch.
• We’ll confirm all the details, and ask you to sign a document to confirm the transfer.

Fees and Limits

If you have over AUD $20,000 to transfer and would like a negotiated exchange rate, visit your local branch.

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