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
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