NAB international transfers: fees, exchange rates, and how it works

Migratio Editorial · Last updated 23 July 2026

TL;DR: NAB charges a flat fee for outgoing international transfers via NAB Internet Banking, plus an exchange rate margin of approximately 2–5% above mid-market. NAB offers a pre-arrival account opening service for new migrants, similar to CBA. Transfer costs are broadly in line with the other Big Four banks and higher than specialist providers for most corridors.

NAB (National Australia Bank) is one of the Big Four and offers international transfer services through its online banking platform. Like CBA, NAB also offers a pre-arrival account opening service for new migrants, making it one of two banks commonly used by migrants arriving in Australia for the first time.

Fee structure

NAB charges a flat fee for outgoing international transfers. Online transfers through NAB Internet Banking are typically cheaper than in-branch transfers (NAB). The exchange rate margin follows the Big Four pattern — typically 2–5% above mid-market, varying by currency and amount.

The total cost structure (flat fee plus exchange rate margin) makes NAB comparable to CBA, ANZ, and Westpac for international transfers. The exchange rate margin is the dominant cost component, particularly for larger transfers.

Pre-arrival account opening

NAB offers a pre-arrival account opening programme similar to CBA's. New migrants can open a NAB transaction account before arriving in Australia by providing passport and visa details online. The account allows pre-arrival fund transfers and provides a functioning debit card on arrival.

This service makes NAB (alongside CBA) one of the two most commonly used banks for new migrants. The choice between NAB and CBA for pre-arrival accounts is largely one of personal preference, branch proximity, and account features — the international transfer costs are broadly similar.

How to send

Through NAB Internet Banking, provide the recipient's bank details, SWIFT code, amount, and purpose. NAB displays the rate and fee before confirmation. Transfers are processed via SWIFT and take one to five business days.

NAB also offers international transfers through its NAB Connect platform for business customers, with different fee structures and features.

Comparison with specialist providers

NAB's total transfer cost is higher than specialist providers for most corridors. On a AUD 5,000 transfer, the difference between NAB and Wise is typically AUD 80–200, with the gap widening for larger amounts.

NAB's value for migrants lies in its pre-arrival service and everyday banking relationship, not in the competitiveness of its international transfer pricing.

Frequently asked questions

Does NAB offer pre-arrival account opening?

Yes. NAB's pre-arrival programme allows new migrants to open an account before arriving in Australia. Check NAB's website for eligible visa types and the application process.

What is NAB's SWIFT code?

NAB's SWIFT/BIC code is NATAAU3303M.

How long does a NAB international transfer take?

One to five business days for most corridors. Transfers to major banking centres tend to be at the faster end.

Is NAB cheaper for international transfers than CBA?

The costs are broadly comparable. Both charge a flat fee plus an exchange rate margin. Compare the total delivered amount for your specific corridor rather than the flat fee alone.

Can I use NAB for receiving international transfers?

Yes. Provide the sender with your BSB, account number, NAB's SWIFT code, and your name. Some account types may attract an incoming wire fee.

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