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International money transfers

Simply a better deal, whatever the colour of your money

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Features and benefits

Now you can help your clients get a better deal on foreign exchange! The International Money Transfers (IMT) service offers your clients a fast and effective online solution to transfer funds from one country to another.

Introducing IMT to your clients for their foreign payments provides them with an opportunity to access a combination of rates and service normally reserved for large corporations. It’s a smart, simple and fast online solution for transferring money from one country to another all from the comfort of their chair.
Whether the person is investing overseas, buying a holiday home or purchasing goods from other countries, they can make significant savings on their transactions using our international money transfer service.

  • Highly competitive exchange rates
  • 24-hour service  on business days
  • Secure, seamless dealing online or by phone
  • Control and visibility
  • Convert more than 50 currencies
  • International payments and receipts

Referring your clients to IMT helps you give added value to your client without any effort on your part. Simply ask the client to register and let us do all the work!

Services available

International Transfers

Our online system allows you to book exchange rates, set up your payee’s banking details and make an international payment.

Forward Contract

A Forward Contract is a “buy now - pay later” transfer that allows you to lock in an exchange rate today for a future transfer, between two days and twelve months from today. A Forward Contract is a legally binding agreement by both parties. Please note that the forward exchange rate is not a forecast of the future direction of the exchange rate.

Limit Orders

A Limit Order is a very flexible tool that you can use to nominate a target rate that you are hoping to convert at and then let us monitor the market for this rate without you having to be in front of a computer at all times. You can change or withdraw the Limit Order until it has been triggered. Once it has been triggered it becomes a legally binding agreement by both parties.

Regular International Payments

Regular International Payments provides a quick and simple way to make recurring international payments. Regular payments are available in 17 currencies and can be set up to recur every fortnight, monthly or quarterly. Simply set up a transfer plan that suits your needs and leave the rest to us.

Process

Simply a better deal

To use IMT is easy. All your client need to do is follow our streamlined process which ensures simple transactions at excellent rates and low fees:

  1. Register with Macquarie International Money Transfers (Macquarie IMT)
  2. Login and request a live (and dealable) rate
  3. Confirm the rate, deal and payee details with Macquarie IMT
  4. Make payment to Macquarie IMT for the value of the sold currency
  5. Macquarie IMT transfers the funds to the nominated beneficiary

What currencies do we transfer?

AED United Arab Emirates Dirham INR Indian Rupees SAR Saudi Riyal 
AUD Australian Dollar  JPY Japanese Yen SBD Solomon Islands Dollar 
BHD Bahraini Dollar  KRW South Korean Won SCR Seychelles Rupee 
BND Brunei Dollar  KWD Kuwaiti Dinar SEK Swedish Kroner 
CAD Canadian Dollar LKR Sri Lanka Rupee SGD Singapore Dollar 
 CHF Swiss Franc MAD Moroccan Dirham THB Thai Bath 
CNY Chinese Yuan Renminbi MXN Mexican Peso TOP Tonga Pa anga 
CZK Czech Koruna MYR Malaysian Ringgit TRY Turkish Lira 
DKK Danish Kroner NOK Norwegian Kroner TWD Taiwanese Dollar 
EUR Euro NZD New Zealand Dollar USD United States Dollar 
FJD Fiji Dollar OMR Omani Rial VEF Venezuelan Bolivar  Fuerte
GBP British Pound PEN Peruvian Nuevo Sol VND Vietnamese Dong 
HKD Hong Kong Dollar PGK Papa New Guinea Kina VUV Vanuatu Vatu 
HUF Hungarian Forint PHP Philippine Peso WST Samoan Tala 
IDR Indonesian Rupiah PKR Pakistan Rupee XPF French Polynesian Franc
ILS Israeli Shekel PLN Polish Zloty ZAR South African Rand 

Please be aware that we do not deal in cash or travelers’ cheques, accept payment by credit card, cash or cheque. The minimum transfer size is A$2000 or equivalent. There is no obligation or cost to register. Check out our live rates and compare them with the rate you currently receive.

Frequently asked questions

What is the background of International Money Transfers?

The International Money Transfers service was launched in November 2007. The service is provided by OzForex Pty Ltd. 

OzForex was founded in April 1998 in Sydney by Matt Gilmour. Matt is a senior figure in the Australian foreign exchange industry having held senior management positions with several financial institutions. Matt recognised that the needs of individuals and smaller companies using foreign exchange services were being poorly served and created OzForex to address those needs. OzForex has grown steadily in this time and is now one of the largest non-bank foreign exchange providers in Australia. 

OzForex is a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group.

How can I refer clients to International Money Transfers service?

Simply ask the client to register at www.internationalmoneytransfers.com.au/register.asp, and set up a  unique "International Money Transfers" Username and Password.

Can I refer my clients who are not Macquarie clients?   

Yes, you can refer anybody to International Money Transfers it’s not reserved for existing Macquarie clients. Simply ask them to go to www.internationalmoneytransfers.com.au to register. 

How do my clients access the International Money Transfers service?

Simply click the login button above or go to www.internationalmoneytransfers.com.au , and login in with their unique "International Money Transfers" Username and Password.

What is the process for dealing with International Money Transfers?

Using the International Money Transfers service is simple;

  1. Register on the website and then login.
  2. An Accredited Macquarie IMT Dealer will call your client to discuss your transfer(s) and make sure the system is set up correctly for your needs.
  3. Clients Login to get a quote on live exchange rates, add beneficiary details and book deals.
  4. deal is confirmed and client transfer the funds to Macquarie IMT.
  5. We send the converted funds to clients nominated account.

When buying currency through International Money Transfers when do funds need to be paid to International Money Transfers?

You will need to initiate the transfer the same day as you book your deal with us. Depending on how you transfer the funds, Macquarie IMT will usually receive the funds within 1-3 days. Macquarie IMT will only send the payment once they have received your cleared funds.

How do customers pay funds to International Money Transfers?

You can transfer funds to Macquarie IMT via BPAY, Internet transfer, or at your bank's branch. Macquarie IMT maintains accounts in all major currencies, ensuring you can transfer funds quickly to us. In the UK you can use the CHAPS (1 day) or BACS (3 days) systems to send funds to our account.

Does the deal expire if the client cannot get the funds to Macquarie IMT within the set time frame?

No, the deal does not expire after a certain period of time. The deal is booked and legally binding from the time of confirmation.

What are Forward Contracts and who can use them?

Forward contracts reduce your exchange rate risk by letting you lock in an exchange rate now even though the actual funds transfer won't take place until a later date. Both corporate and private customers can use forward contracts. Forward contracts require a 5-10% deposit, based on the amount being transferred and are not a forecast of the future direction of the exchange rate.

What are Limit Orders and who can use them?

A Limit Order is a very flexible tool that you can use to nominate a target rate that you are hoping to convert at and then let us monitor the market for this rate. Customers leave such orders with us to take advantage of exchange rate movements that occur when they may not be able to monitor rates themselves or during overnight markets.

What are Regular International Payments?

Regular International Payments provides a quick and simple way to make recurring international payments. Regular payment plans can be set up to recur every second week, monthly or quarterly. Simply set up a transfer plan that suits your needs and leave the rest to us.

Which currencies do you offer for Regular Payment plans?

Currencies currently offered are: AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, JPY, MXN, NOK, NZD, PLN, SEK, SGD, USD and ZAR.

How do I set up a Regular Payment plan with International Money Transfers?

Call us today and one of our dealers will offer you a quote and a payment plan according to your needs.

What happens if the exchange rate changes after the deal has been booked with Macquarie IMT?

The exchange rate is locked-in and legally binding from the time of confirmation. Even if the market moves after that point it will not affect the exchange rate booked in.

My client is not comfortable using the Internet, can they still deal through International Money Transfers?

 No, International Money Transfers is an internet based service only. If you would like to execute via telephone, please call Macquarie IMT in Australia on 1300 797 494.

Who can use the International Money Transfers Payments Service?

Companies and individuals who wish to send money in a foreign currency to a person or company in another country can use the International Money Transfers service. The recipient of the transfer must have a bank account in the other country that funds can be paid into.

My client is a private client, can they use the service to send money overseas?

 Yes. Private clients can convert money to foreign currency and send it electronically by telegraphic transfer to an account overseas. If they decide to send a telegraphic transfer, they will need to provide us with details of the account they are sending money to i.e. the beneficiary. Your client can do this on the system by selecting the "Add Beneficiary" tab and then adding the name and bank account details of the person or company they are sending money to.

Is a telegraphic transfer, a wire and a TT the same thing?

Yes. Essentially, this is a means of electronically making payments between banks and is more efficient than 'drafts', which is a paper based system. The Macquarie International Money Transfers service does not support drafts.
If a client is  sending a telegraphic transfer (TT) it is important that they provide accurate details of the recipient's banking details. The account name and account number must be correct and we also need either the recipient's bank address and/or the beneficiary's bank Swift/ABA/Sort Code.

What are Swift codes, ABA & IBAN numbers and Sort Codes?

The SWIFT system is a secure messaging system that allows financial institutions to instruct each other on payments and accounts that they hold with each other. Sometimes it is sufficient to provide a branch code, such as a BSB code in Australia, or Sort code in the UK. In America they have ABA codes or routing numbers. In Europe, they use an IBAN number. These codes allow the Macquarie IMT operations team to accurately identify the bank and branch where your money is being sent.

More contact information

Australia

Local Call: 1300 797 494
Fax: +61 2 8667 8080  
Email

Visit us
Level 9
10 Bridge St
Sydney NSW 2000

Mail
PO Box 1800
Royal Exchange NSW 1225

United Kingdom

Local Call: 1300 797 494
Intl: +44 207614 4100
Fax: +44 207 614 4180
Email

Visit/ Mail
2nd Floor
48-54 Moorgate
London EC2R 6E 

Canada

Freecall: 1800 6800 750
Intl: +1 416 644 5640
Fax: +1 416 644 5648
Email 

Visit/ Mail
Level 10
20 Toronto Street
Toronto ON,
M5C 2B8

International money transfers

Simply a better deal, whatever the colour of your money

> Register now  or   Log in

Quick links

Contact us

Australia

Call: 1300 797 494

Fax: +61 2 8667 8080

Email