It is possible that the overseas bank could convert the currency of the payment at an unfavourable exchange rate. Any overseas financial institution handling charges will by default be borne by the recipient of the International Payment and deducted from the payment amount, unless otherwise organised. Bank of Melbourne might not have any control over the fees, charges or foreign currency conversions imposed by these institutions. Overseas banks may impose fees and charges or convert the currency of the payment. Read the Online Banking Terms and Conditions before making a decision and consider whether the product is appropriate for you. Payments must be made from an existing Bank of Melbourne personal transaction or savings account, and will usually arrive within 2-5 business days, but may take longer depending on the country and receiving bank. Other fees and charges may apply such as fees charged by the recipient bank.
Payments are subject to our foreign exchange rates applicable at the time of the transaction. You should contact Bank of Melbourne for up-to-date pricing prior to dealing.īefore using internet and phone banking, please read the Bank of Melbourne Terms and Conditions for Internet Banking and Phone Banking (PDF 889KB). Overseas banks may charge a fee to handle or receive an international payment. They should not be relied upon as an accurate representation of any final pricing. They may also vary depending on the type of the transaction involved, and may be different for transactions over a certain amount. The exchange rates are indicative only as at the time and date shown, are subject to market movements and therefore change continuously.
The exchange rates provided are applicable to foreign exchange products described on this website. This information has been prepared by Bank of Melbourne – A division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 ("Bank of Melbourne").
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