Key Facts and Figures
- NAB is one of Australia’s largest banks, headquartered in Melbourne, with origins in the 19th century and a broad retail, business and institutional franchise across Australia and New Zealand.
National Australia Bank
National Australia Bank (NAB) offers standard bank‑to‑bank international money transfers from Australia to over 50 countries, including Pacific Island destinations reachable via correspondent banks, with fees that depend on channel and currency and FX margins added to the rate.
Mission Statement
NAB’s corporate purpose is to back customers to “get more out of life” and support communities and businesses; international payments, including remittances to the Pacific, [...]
NAB’s corporate purpose is to back customers to “get more out of life” and support communities and businesses; international payments, including remittances to the Pacific, sit within its wider offering of everyday banking and trade‑related services.
Core Services
NAB provides international money transfers via the NAB app and internet banking or via branches, allowing payments from Australian accounts to overseas bank accounts. In [...]
- NAB provides international money transfers via the NAB app and internet banking or via branches, allowing payments from Australian accounts to overseas bank accounts.
- In addition to outward transfers, NAB receives overseas payments into Australian accounts and offers foreign‑currency accounts and FX dealing for business and institutional clients engaged with Pacific trade.
Fees and FX Rates
For outward transfers made using the NAB app or internet banking and sent in a foreign currency, NAB currently advertises $0 transfer fee; if sent in Australian dollars, [...]
- For outward transfers made using the NAB app or internet banking and sent in a foreign currency, NAB currently advertises $0 transfer fee; if sent in Australian dollars, the fee is $30, and branch‑initiated transfers are also $30 per transfer.
- NAB adds an FX margin to the mid‑market rate, so even when the transfer fee is $0 the total cost includes this spread; receiving banks and intermediaries in Pacific countries may also deduct their own fees, reducing the amount received.
Q and A Selection
Q: How long do transfers take to the Pacific? A: NAB states that international funds transfers are usually received by the beneficiary’s bank within about [...]
Q: How long do transfers take to the Pacific?
A: NAB states that international funds transfers are usually received by the beneficiary’s bank within about 72 hours, though onward crediting in the destination country and any compliance checks can add extra delays.
Q: How do you send a transfer?
A: Customers log in to the NAB app or internet banking, select “International payment,” choose the destination country and currency, enter the recipient’s name, address, bank, account details and SWIFT/BIC, review the FX rate and fees, and confirm.
Q: Who pays other charges?
A: NAB explains that overseas banks involved in processing the payment may charge fees that are either deducted from the principal or billed separately, which is why the recipient may receive less than the amount sent.
User Testimonaials
Independent review sites and fee comparisons describe NAB’s IMT service as convenient and straightforward for existing customers, especially when using the app with $0 foreign‑currency [...]
- Independent review sites and fee comparisons describe NAB’s IMT service as convenient and straightforward for existing customers, especially when using the app with $0 foreign‑currency transfer fees, but note that its FX margins can make it more expensive overall than low‑cost specialist remitters.
- Broader commentary on remittances to the Pacific indicates that many senders use banks like NAB for reliability and familiarity while cost‑sensitive users compare NAB against other providers using tools such as SaverPacific.
Compliance and Legal Info
National Australia Bank Limited is an authorised deposit‑taking institution regulated by Australian authorities. Natioanl Australia Bank offers its services under the company number ABN 12 [...]
- National Australia Bank Limited is an authorised deposit‑taking institution regulated by Australian authorities.
- Natioanl Australia Bank offers its services under the company number ABN 12 004 044 937 and Australian Financial Services Licence (AFSL) and Australian Credit Licence number 230686.
- These banking and financial‑services licences cover NAB’s international money transfers as part of its overall banking activities; there is no separate, public IMT‑only licence number for Pacific transfers. For compliance purposes, NAB is typically cited as “National Australia Bank Limited ABN 12 004 044 937, AFSL and Australian Credit Licence 230686,” with additional identifiers such as company number 004 044 937 and BIC NATAAU33XXX where relevant.