Suncorp Bank International Transfers: Fees, Limits and the Overnight Restriction

How to send an international transfer

Suncorp's own page describes the process: "If you are already an Internet Banking customer and have a security token, you are ready to go. To make a payment, login to Internet Banking. Once you are in, simply select Transfer Money and then click International Money Transfer." A Security Token is a stated requirement for sending an international payment through Internet Banking.

You can also transfer by visiting a Suncorp Bank branch in person, which Suncorp offers as the alternative channel for anyone without a security token set up, or who wants to discuss a negotiated rate (covered below).

Fees

Suncorp's own wording is direct: "No Suncorp Bank fee applies to International transfers via Internet Banking. However, fees and charges may be imposed by the overseas bank or intermediary bank, resulting in receipt of a lesser amount than that originally sent." A branch transfer costs $30, with the same intermediary-fee caveat attached.

How the exchange rate is set

Suncorp doesn't publish a margin percentage on the page fetched for this article. It does offer a negotiated rate as a separate option: "If you have over AUD $20,000 to transfer and would like a negotiated exchange rate, visit your local branch." That's Suncorp's own in-branch dealing option for larger transfers, distinct from the standard online rate.

Limits — get the direction right

This is the figure that's easy to misread. Suncorp's own page states: "Limits — Branch: No Limit / Internet Banking: Up to $50,000 per day and AUD $100,000 within a 48 hour period. $20,000 limit applies for single online Telegraphic Transfer between 6.00pm and 8.00am AEST Monday to Friday (with exception to public holiday closures)."

Read plainly: the general Internet Banking ceiling is $50,000 a day and $100,000 across 48 hours. The lower $20,000 figure is not a smaller everyday cap sitting underneath that — it's a restriction that applies only overnight, from 6pm to 8am AEST on weekdays. During the day, on weekdays or on a weekend, the $50,000/$100,000 limits are what apply. A summary that says '$20,000 at any time, $50,000 during business hours' has the two figures the wrong way around.

Currencies and timing

Suncorp lists 19 available currencies for international money transfers: AUD, CAD, CHF, DKK, EUR, FJD, GBP, HKD, INR, JPY, NOK, NZD, PGK, PHP, SEK, SGD, THB, USD and ZAR — Suncorp notes this list is "subject to change without notice." You can also choose to send in Australian dollars and let the receiving bank convert it.

Suncorp's page doesn't publish a specific delivery estimate or a clock cut-off time on the pages fetched — if timing for a particular currency or destination matters, that's worth confirming directly with Suncorp rather than assuming a standard turnaround.

One piece of context worth knowing: Suncorp Bank's own page states that ANZ "acquired Norfina Limited (ABN 66 010 831 722) (Suncorp Bank) on 31 July 2024," and that Suncorp Bank product terms "may" be varied over time to match a similar ANZ product, with notice given if that happens to your product.

Receiving money into a Suncorp Bank account

Suncorp's own page states there's no fee to receive an international payment: "No Suncorp Bank fee applies" to receive, though "fees and charges may be imposed by the overseas bank or intermediary bank, resulting in receipt of a lesser amount than that originally sent."

Suncorp's SWIFT code is METWAU4B (still carrying the bank's legacy Metway Bank prefix) and its BSB is 484-799. Suncorp also notes it doesn't have an IBAN — like every Australian bank, it uses a BSB and account number instead, and the sender's bank may ask for a SWIFT code in place of an IBAN.

When a specialist provider works differently

If a transfer needs to move outside Suncorp's 6pm–8am overnight window without being capped at $20,000, or you want a negotiated rate without a branch visit, a specialist provider is a structurally different option. OFX, for example, publishes a flat AU$15 fee on transfers under AU$10,000 (with a stated AU$250 minimum) and runs its whole process online, without an overnight restriction of this kind.

Is Suncorp's $20,000 international transfer limit a daily cap?

No. Suncorp's general Internet Banking limits are $50,000 a day and $100,000 within 48 hours. The $20,000 figure applies only to a single online Telegraphic Transfer made overnight, between 6pm and 8am AEST on weekdays.

Does Suncorp charge a fee for international transfers?

No Suncorp fee applies to an Internet Banking transfer. A branch transfer costs $30. Either way, an overseas or intermediary bank may still deduct its own fee, which can reduce the amount the recipient receives.

What is Suncorp Bank's SWIFT code?

METWAU4B. Suncorp's BSB for receiving international payments is 484-799.

Can I get a better exchange rate at Suncorp?

Suncorp offers a negotiated exchange rate for transfers over $20,000 if you visit a local branch. No margin percentage is published for standard online transfers.

Is Suncorp Bank still separate from ANZ?

Suncorp Bank (Norfina Limited) was acquired by ANZ Group on 31 July 2024, according to Suncorp's own page. Suncorp Bank continues to operate its products, though terms may be varied over time to match a similar ANZ product, with notice given if that happens.