Need to send money to Australia? Thinking about a bank wire to send the money to Australia? Before you ask your financial institution to organise it, make sure you check out the wire transfer fees. It may come as a shock the amount the costs will be and depending on the dollar amount, it might be better to have a look at the alternatives to send the money by other means.
What makes it even worse is in addition to your financial institution imposing a fee for sending the money to a bank in Australia, the recipient getting the transfer of money will possibly be charged a fee at their end. A way to reduce the possibility of the fee is to send the international wire transfer in their local currency.
To make a wire transfer to Australia, you might need a SWIFT code. These are unique for each bank and based on references such as the bank and country.
Bank wire details for Australia
SWIFT Country Code
Central Bank Name
Reserve Bank of Australia