Commonwealth Bank review
3.5Est. 1911
Commonwealth Bank (CommBank) is one of Australia's big four banks, offering international money transfers for account holders. Convenient but significantly pricier than specialist services.
Countries
200+
Currencies
50+
Speed
2-5 business days
Fees
$6-$22 per transfer
Commonwealth Bank overview
Founded in 1911 and based in Sydney, Australia, Commonwealth Bank is a high-street bank. Commonwealth Bank's regulators: APRA, ASIC.
Pros
- Australia's largest bank
- Easy for existing customers
- Wide branch network
Cons
- High exchange rate markup (3-5%)
- Transfer fees ($6-$22)
- Much slower than specialists
Commonwealth Bank features
Online banking
NetBank
CommBank app
Commonwealth Bank transfer details
HeadquartersSydney, Australia
RegulatedYes
RegulatorsAPRA, ASIC
Min Transfer$1
Max Transfer$100,000
Payment MethodsBank Transfer
Delivery MethodsBank Deposit
Exchange Rate Markup3% - 5% above mid-market
Published by Commonwealth Bank. Not measured by us; Commonwealth Bank’s limits and methods vary by country.
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