NAB International Transfer Fees: What NAB's Own Site Actually Says

NAB's own fee page, the $5,000 default online limit, its state-based SWIFT codes, and why the exchange rate — not the $0 or $30 fee — decides what an international transfer really costs. Figures as at September 2026.

Read the full guide, with official sources →

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Chapters

  1. 0:00 NAB's fee: $0 or $30. Neither is the real cost.
  2. 0:15 NAB's fee depends on currency, not just channel
  3. 0:31 $5,000 default daily limit online
  4. 0:46 The real cost: the exchange rate NAB quotes you, not the fee
  5. 1:00 On $10,000: a 1% margin = $100
  6. 1:15 NAB Connect (business): $0 conversion, $20 same-currency
  7. 1:27 NAB has a state-based SWIFT code, not just one
  8. 1:38 Arriving soon? NAB opens the account once you're here
  9. 1:55 Compare NAB's quoted rate to mid-market before you confirm
  10. 2:09 Where to read more

Transcript

NAB charges you either 0 dollars or 30 dollars for an international transfer. Neither number is the real cost — here's what NAB's own site actually says, and what it leaves out.

NAB's own page states it directly: no fee for a foreign-currency transfer through NAB Internet Banking or the app. Send the same amount in Australian dollars instead, and the fee is 30 dollars. In branch, it's 30 dollars either way.

There's a limit too. NAB's own site states the default daily limit for an international transfer through NAB Internet Banking is 5,000 dollars. Need to send more? NAB directs you to call 13 22 65.

The 0 or 30 dollar fee is not the full cost. Like every major bank, NAB builds a margin into the exchange rate it quotes you — and it doesn't publish that margin as a percentage anywhere on its fee pages.

That margin is charged on the whole amount. On a 10,000 dollar transfer, a 1 percent margin costs 100 dollars. A 3 percent margin costs 300 dollars. Neither shows up as a line-item fee.

Running a business? NAB Connect charges 0 dollars for an international payment with currency conversion, but 20 dollars for a payment sent in the same currency, like AUD to AUD.

Receiving money into a NAB account? NAB actually publishes several SWIFT codes, not one — a preferred code plus a separate code for each state.

One thing to know if you're arriving soon. NAB lets you start an application online before you arrive, but the account isn't opened until you're in Australia and finish it in a branch. If you need an account working the day you land, check which bank will open one before arrival.

So before you send a large amount through NAB, compare the rate it quotes you against a mid-market rate lookup for the same currency pair — that gap, not the $0 or $30 fee, decides whether NAB is actually a good deal.

The full guide, with the official sources, is on migratio.com.au. The link is in the description.

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