ANZ review

ANZ (Australia and New Zealand Banking Group) offers international transfers for account holders. Like most Australian banks, the service is convenient but costly compared to specialists. Founded in 1835 and based in Melbourne, Australia, ANZ is a high-street bank. ANZ is authorised and regulated by APRA, ASIC, which means customer money is safeguarded separately from company funds.

On the fee side, expect $12-$30 per transfer, but the bigger cost is usually the exchange-rate markup of 3% - 5% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $100,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 2-5 business days, and the service reaches 200+ countries across 50+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors ANZ handles best.

On the plus side: major au/nz bank and transfer from existing account. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. Worth keeping in mind: high exchange rate markup (3-5%) and transfer fees ($12-$30). As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.