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 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 possibilty 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.
SWIFT Country Code
Central Bank Name
Reserve Bank of Australia