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Home» Personal» Trading» International money transfers» International money transfers

International money transfers

Simply a better deal, whatever the colour of your money

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Features & benefits
More information
FAQs

Features and benefits

Whether you’re emigrating, buying a holiday home or purchasing goods from overseas, you can make significant savings on your transactions using our international money transfer service.

Foreign currency transfers
Highly competitive exchange rates
24 hour online service
Secure, seamless dealing
Convert more than 50 currencies

More information

Simplified process

We have a streamlined process to ensure simple transactions:

Register with Macquarie International Money Transfers* (Macquarie IMT)
Login and request a live (and dealable) rate
Confirm your rate, deal and payee details with Macquarie IMT
Transfer payment to Macquarie IMT
Macquarie transfers your funds to the beneficiary

What currencies do we transfer?

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

Please be aware that we do not deal in cash or travellers 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.

Exchange rate tables

Check out foreign currency "inter-bank" rates relevant to very large transactions

Exchange rate tables

Frequently asked questions

How do I access the International Money Transfers service?

Simply click the login button above, or go to http://www.internationalmoneytransfers.com.au , and login in with your 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;

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

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.

When I buy currency through International Money Transfers when do I need to pay my funds to International Money Transfers?

You will need to initiate the transfer the same day as you book your deal with us. 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.

Does the deal expire if I 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 happens if the exchange rate changes after I booked the deal 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 you have booked in.

I am not comfortable using the Internet, can I 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, on 0845 686 1950 in the UK and on 0800 161 868 in NZ.

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.

In June 2007 OzForex became a subsidiary of Macquarie Equities Limited (ABN 41 002 574 923), a Macquarie Group company.

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.

I am an individual, can I use the service to send money overseas?

Yes. You can convert money to foreign currency and send it electronically by telegraphic transfer to an account overseas. If you decide to send a telegraphic transfer, you will need to provide us with details of the account you are sending money to i.e. the beneficiary. You 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 you 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 you are sending a telegraphic transfer (TT) it is important that you provide accurate details of the recipient's banking details. The account name and account number must be correct and you also need to provide us with 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.

International money transfers

Simply a better deal, whatever the colour of your money

> Register now or Log in

Contact us

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1300 797 494

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Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice contained in this website and before making any investment decision we recommend that you consider whether it is appropriate to your situation and seek appropriate financial, taxation and legal advice. We recommend that you read our Financial Services Guide before deciding whether to obtain financial services from us. If an offer document is available for a product referred to on this site, you should read it before making any investment decision. Information on this website is intended for residents of Australia only.

Except for Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

The International Money Transfers ("IMT") service is provided by OzForex Pty Ltd, ABN 65 092-375-703, ("OzForex") Australian Financial Services Licence No. 226484,

OzForex is a subsidiary of Macquarie Equities Limited, ABN 41 002 574 923 ("MEL"), Australian Financial Services Licence No. 237504. A copy of MEL Financial Services Guide is available here.If you use the IMT service, OzForex will pay MEL a referral fee, and MEL's representatives commission. These benefits may be based on a percentage of OzForex's fees and margins in relation to transactions you conduct using the IMT service. For further details, refer to OzForex Financial Services Guide.

Please be aware that OzForex has a referral agreement with MEL pursuant to which OzForex is paid a referral fee by MEL in relation to term deposit clients referred by OzForex . The referral fee is a trailing commission of 0.25% per annum calculated on the average daily balance of term deposits.