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Westpac
3.4Est. 1817
Westpac is one of Australia's big four banks, offering international money transfers through online banking. Exchange rates carry significant markups compared to specialist providers.
Countries
200+
Currencies
50+
Speed
2-5 business days
Fees
$8-$20 per transfer
Pros
- Trusted Australian bank
- Easy for existing customers
Cons
- High exchange rate markup (3-5%)
- Transfer fees ($8-$20)
- Slow compared to specialists
Key Features
Online banking
Westpac app
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