ANZ Bank International Transfer Review: Australia and New Zealand

Overview

ANZ offers international money transfers to customers in both Australia and New Zealand, but the services are not identical. Australia and New Zealand have different ANZ legal entities, banking platforms, fee schedules, delivery information and card charges.

In Australia, eligible customers can send through the ANZ Plus app, ANZ Internet Banking or ANZ Phone Banking. ANZ Australia advertises transfers in more than 30 currencies to over 250 destinations and publishes route-specific arrival estimates.

In New Zealand, customers can send through ANZ goMoney, Internet Banking, by phone or at a branch. Digital international transfers have no ANZ transfer fee, although an upfront OUR Fee and charges from other banks may apply.

In both markets, the customer exchange rate forms part of the total cost. Compare the amount expected to reach the recipient rather than looking only at the visible transfer fee:

• Compare ANZ rates from Australian dollars
• Compare ANZ rates from New Zealand dollars

Best For

• Existing ANZ customers who want to send through familiar online or mobile banking.
• Australian customers who value route-specific arrival estimates and an upfront quote.
• New Zealand customers sending through goMoney or Internet Banking who want a $0 ANZ transfer fee.
• Payments on routes where ANZ covers standard correspondent-bank charges.
• Users who prefer using their everyday bank rather than opening an account with another transfer service.

ANZ may be less suitable when obtaining the lowest possible conversion cost is the main priority, when the recipient must receive an exact amount after every bank deduction, or when specialist currency tools and dealer support are required.

Pros and Cons

Pros

• $0 ANZ transfer fee is available through eligible digital channels in both Australia and New Zealand.
• Customers can use established ANZ mobile and online-banking services.
• Australia offers more than 30 currencies and over 250 advertised destinations.
• Australia provides route-specific estimated arrival times before payment.
• New Zealand customers can see any applicable OUR Fee before confirming a digital transfer.
• ANZ covers selected correspondent-bank charges in both markets.
• Upfront quotes show the applicable customer exchange rate.

Cons

• Australian and New Zealand products have different fees and conditions, despite sharing the ANZ brand.
• ANZ does not publish one standard FX-markup percentage for every route and transaction.
• Correspondent, intermediary or recipient-bank deductions may still apply.
• Australian AUD payments can cost up to A$32 depending on the channel.
• New Zealand phone and branch transfers cost NZ$15.
• Fast Australian arrival estimates apply only when route-specific requirements are met.
• New Zealand same-business-day processing is not a guarantee that the recipient will receive funds that day.

Fees Summary

ANZ Australia transfer fees

ANZ Australia covers correspondent fees for selected currency and destination combinations. Otherwise, ANZ provides an estimated correspondent fee in the quote. The recipient's bank may charge separately.

ANZ New Zealand transfer fees

ANZ New Zealand's OUR Fee is a processing fee under which ANZ covers fees charged by the correspondent banks it uses. The fee may apply to foreign-currency payments and to NZD payments sent overseas. Other intermediary or recipient banks may still make deductions outside ANZ's control.

Exchange Rates and Total Cost

ANZ uses a customer exchange rate when converting an international payment. That rate can differ from the mid-market rate used as a general market reference. Neither ANZ Australia nor ANZ New Zealand publishes one universal markup that applies to every currency, amount and channel.

ANZ Australia says ANZ Plus exchange-rate quotes are locked for eight minutes and Internet Banking quotes for ten minutes. ANZ New Zealand shows the applicable rate while the customer sets up the transfer; the rate and payment remain subject to processing rules and currency cut-off times.

For either market, compare:

1. The total AUD or NZD amount debited.

2. The foreign-currency amount ANZ expects to send.

3. Any correspondent or OUR Fee shown in the quote.

4. The recipient amount quoted by another bank or specialist service.

5. Whether another intermediary or recipient bank could deduct a charge.

A $0 digital transfer fee is useful, but a difference in the exchange rate can have a larger effect on a high-value payment.

How International Transfers Work

Australian customers can use ANZ Plus, Internet Banking or Phone Banking. New Zealand customers can use goMoney, Internet Banking, phone banking or a branch. Online New Zealand transfers through goMoney or Internet Banking must generally be between NZ$100 and NZ$50,000 equivalent.

Customers normally need the recipient's name and address, account details, and the receiving bank's SWIFT or BIC information. Some destinations require an IBAN, local clearing code or additional recipient information.

Review the market, destination, beneficiary details, exchange rate, recipient amount, bank fees and estimated timing before authorising the payment. Incorrect details can delay a transfer and may make recovery difficult.

Speed

ANZ Australia timing

ANZ Australia publishes currency-and-destination-specific estimated arrival times. Selected faster-payment routes may arrive in minutes when all eligibility requirements are met. Other major-currency routes are estimated in hours, while some standard payments may be shown as arriving within 48 hours.

Faster estimates currently cover selected transfers to destinations including New Zealand, India, the United Kingdom, the Philippines and parts of the Pacific. Currency, amount, recipient-bank and bank-detail conditions apply.

ANZ New Zealand timing

ANZ New Zealand says it aims to process an overseas payment request on the same business day when it receives the request before the relevant system and currency cut-off time. Requests received on a non-business day are processed on the next business day.

Processing by ANZ is not the same as delivery to the recipient. Intermediaries, currency availability, destination banking hours, compliance checks and the recipient bank can extend the overall time.

All arrival and processing times are indicative rather than guaranteed.

Supported Countries and Currencies

ANZ Australia advertises more than 30 currencies and over 250 destinations. Available destinations appear while entering the payment, and customers can also consult ANZ's foreign-exchange calculator.

ANZ New Zealand supports international transfers through its worldwide banking network. Available currencies and destinations, OUR Fee choices and local-detail requirements are presented while setting up the payment. In goMoney and Internet Banking, NZD can only be sent to the Cook Islands; other overseas payments are normally sent in a supported foreign currency.

Check the exact currency, destination, limits and beneficiary requirements in the relevant Australian or New Zealand service before relying on it for a time-sensitive payment.

Overseas Card Use

Card pricing is separate from international-transfer pricing and differs significantly between the two markets.

Australia

ANZ Plus charges a 3% international fee on transactions overseas or in a foreign currency. Its terms list an A$5 withdrawal fee at non-ANZ ATMs outside Australia, and an ATM operator may charge separately. ANZ's Australian consumer credit-card schedule currently lists a 3.5% overseas transaction fee.

New Zealand

ANZ New Zealand charges a 1.3% currency-conversion charge on personal Visa Debit and business debit or credit-card foreign transactions. ANZ does not charge its own overseas ATM fee for withdrawals from everyday and savings accounts, although the ATM owner may charge.

From 24 June 2026, ANZ New Zealand lists a 0% currency-conversion charge for its listed personal ANZ Visa credit cards. Customers should still check cash-advance interest, ATM-owner charges and the terms for their particular card.

Safety and Regulation

The ANZ entities are related but legally distinct.

• Australia: Australia and New Zealand Banking Group Limited has ABN 11 005 357 522, Australian Financial Services Licence 234527 and Australian Credit Licence 234527. It is an authorised deposit-taking institution under Australia's Banking Act.
• New Zealand: ANZ Bank New Zealand Limited is a New Zealand incorporated registered bank. Its disclosure statements are prepared under New Zealand banking legislation and Reserve Bank of New Zealand requirements.

Regulatory status and fraud controls do not remove payment risk. Independently verify unexpected changes to beneficiary instructions and be cautious when anyone pressures you to send urgently. International payments can be difficult to recover after processing.

ANZ vs Specialist Transfer Providers

ANZ's advantages in both markets are convenience for existing customers and access through familiar banking services. Australia adds detailed route-specific arrival estimates, while New Zealand offers no ANZ transfer fee through goMoney and Internet Banking.

A specialist transfer provider may quote a different exchange rate, fee structure or delivered amount. Compare the expected recipient amount rather than choosing solely because the visible transfer fee is $0.

Verdict

ANZ is a practical international-transfer option for existing customers in Australia and New Zealand, but users must apply the fee schedule and terms for their own market.

Australian customers benefit from broad advertised coverage, route-specific estimates and $0 transfer fees for eligible foreign-currency digital payments. New Zealand customers receive $0 ANZ transfer fees through goMoney and Internet Banking, with any applicable OUR Fee shown before payment.

In both countries, compare ANZ's final quote with at least one specialist provider. The exchange rate and uncovered bank deductions can matter more than the headline transfer fee, particularly for large payments.

Methodology

Best Exchange Rates reviewed official ANZ Australia and ANZ New Zealand information covering international-transfer channels, fees, exchange-rate quotes, correspondent charges, processing or arrival estimates, online limits, card costs and regulatory disclosures. Facts were checked on 14 July 2026. Pricing, coverage and timing can change, so confirm the live quote and terms for your market before transacting.

Sources

Australia

• ANZ Australia international money transfers
• ANZ Australia foreign exchange rates
• ANZ Plus international card fees
• ANZ Australia consumer credit-card fees
• ANZ Australia regulatory information

New Zealand

• ANZ New Zealand international money transfers
• ANZ New Zealand payment terms and processing
• ANZ New Zealand overseas card use
• ANZ New Zealand fees and charges
• ANZ Bank New Zealand disclosure statements

Affiliate Disclosure

Best Exchange Rates may receive a referral fee from some services shown in comparison tables. This does not change the rate you receive or the editorial assessment. ANZ is included for comparison; availability of a referral relationship may vary.

Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.