Westpac Bank FX at a glance
Westpac is one of the largest banks in Australia, offering a range of financial products and services including personal and business banking, wealth management, and investment services. The bank was established in 1817 and has a long history of serving the Australian community.
How do Westpac transfer exchange rates compare?
Westpac bank allows its customers to buy and sell a range of major and minor currencies for international travel, trade, and investment.
Sending or receiving international transfers to or from your Westpac bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
Transfers to Cambodia, Ghana, Indonesia, Laos, Mexico, Pakistan, Philippines, Thailand, and Vietnam are only available for amounts AUD $1,000 and above, or the foreign currency equivalent value.
Westpac Bank does allow you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
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The table below shows Westpac Australian dollar (AUD) exchange rates with the percentage of margin being charged from the market mid-rate when they were published.
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Mon Aug 15, 2022 17:05 AEST |
Note that the above carded rates from Westpac do not include any special BER deals that we have negotiated with some providers. To find these deals you can use the above exchange rate comparison tool.
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