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If you want to send money overseas with the Bank of Sydney, you have two options: online or in-person. Here are some details about the fees, rates and transfer time for each option:
Online: You can use the internet or mobile banking service of the Bank of Sydney to send money online. You will need to provide the recipient's bank details, such as the SWIFT code, IBAN, account number, name and address. The fees for online transfers are $20 for amounts up to $10,000 and $32 for amounts above $10,000. The exchange rates are updated daily and you can check them on the Bank of Sydney website. The transfer time may vary depending on the destination country, the currency and the availability of funds. It may take up to five business days for the money to reach the recipient's account.
In-person: You can visit a Bank of Sydney branch and fill out an application form to send money in-person. You will also need to provide the recipient's bank details and a valid ID. The fees for in-person transfers are the same as online transfers, but you may also incur additional charges from the intermediary and beneficiary banks. The exchange rates are also updated daily and you can check them at the branch. The transfer time may be faster than online transfers, but it may also depend on the branch's cut-off time, the destination country and the currency.
