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NAB Internet Banking users:

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The benefits of transferring money in foreign currency

Quick and easy

Sending Australian dollars overseas can be a slow and complicated process. It’s quick and easy to convert before sending so that payments arrive in local currency.

Can be cheaper

Take advantage of our preferential foreign exchange rates by converting to the local currency before you send.

How do I transfer in the local currency?

Simply select the relevant currency when making your payment. For detailed instructions see our NAB Connect Video and Quick Reference Guide.

Chat with someone first?

Talk to one of our  foreign exchange specialists about your specific needs. Call 1300 960 355

Managing foreign exchange

Movements in foreign exchange rates can impact businesses differently, so it's important to have a strategy tailored to your specific needs.

NAB Connect International Money Transfer

Video tutorial about how to send money overseas on NAB Connect | View transcript (DOCX, 19KB)

How to send money overseas with NAB Connect

With NAB Connect, you can send an International Money Transfer any time.

This short video outlines the process to send money overseas with NAB Connect. You can also read the guide:

Send an International Payment (PDF, 829KB)

NAB Connect also allows you to track payments easily. Real time Tracking lets you see where your payments are in an instant. That’s peace of mind.

Watch our video on International Payments Tracking.

Is it safer to send Australian dollars?

Not necessarily. You may think there’s no foreign exchange risk when you send Australian dollars overseas. However, the currency exchange rate is likely to change by the time the funds arrive. This means you could be paying a different amount than required, once it’s converted to the local currency by the recipient.

Business customers can send money overseas with NAB Connect or NAB Internet Banking.

What if I've been asked to send Australian dollars?

International suppliers or overseas parent companies sometimes ask for payments to be sent in Australian dollars. You can call us for a quote and to chat about the different options available and how we could save your company money. We will work with you to get the transfer sent as fast and smoothly as possible.

Existing customers can contact our Dealing Desk on     1300 960 355.

New customers can contact us on 13 10 12.

Need help? Talk to us

As your business grows and your foreign exchange requirements increase, it’s important to manage your risk. For market insights and smart strategies to protect your business from adverse rate movements, contact a foreign exchange specialist. You can also call our Dealing Desk to discuss  your  specific overseas payment needs.

Existing customers can contact our Dealing Desk on     1300 960 355.

New customers can contact us on 13 10 12.

Foreign Exchange

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Learn with NAB

Guidance for your Business

Foreign Exchange with NAB

Read about managing your exposure to changes in the foreign currency market.

Forward Exchange Contracts

Understanding Foreign Exchange risk is important. Learn how Forward Exchange Contracts can be useful.

Global Markets Research

Helping your business make sense of credit, foreign exchange, interest rates and commodity markets.

Important information

The information provided on this webpage is intended to be of a general nature only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information on this webpage, National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit License 230686) (NAB) recommends you consider whether it is appropriate for your objectives, financial situation and needs. NAB recommends that you seek independent advice before acting on any information on this webpage.

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