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Re: INTERNATIONAL TRANSFER

Posted by LyndsC LyndsC
Message 9 of 13 900 Views

Hi @BlueSky, I'm just looking into this for you with our online banking team and will let you know as soon as I have the information Smiley Happy

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Re: When we transfer in AUD online, does it mean the money will NOT be converted automatically?

Posted by LyndsC LyndsC
Message 10 of 13 897 Views

Hi @BlueSky, I have responded to your other post and am looking into this for you. I will let you know as soon as I have the answer. Thanks!

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Re: When we transfer in AUD online, does it mean the money will NOT be converted automatically?

Posted by LyndsC LyndsC
Message 11 of 13 887 Views

Hi @BlueSky, I have spoken with our online banking team and been advised that when you transfer funds in AUD, it will depend on the receiving bank as to whether they will automatically convert the funds. While we can certainly send the funds in AUD, we can't actually stop the bank receiving the funds from converting them to their local currency upon arrival. It would be best to check with the bank you are sending funds to, to find out if they accept AUD. Thanks!

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Re: When we transfer in AUD online, does it mean the money will NOT be converted automatically?

Posted by BlueSky BlueSky
Message 12 of 13 884 Views

I have transferred money in AUD to that account before.  I did it at a BankWest store (I have ticked the box "Do not convert" in the form) and the overseas account indeed accepts AUD as it is an AUD currency account.  What I need to confirm is that when I do int'l transfer online and transfer in AUD, will BankWest automatically convert the money to local currency unless I indicate NOT to convert?  And where can I indicate Not to convert online?

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Re: When we transfer in AUD online, does it mean the money will NOT be converted automatically?

Posted by LyndsC LyndsC
Message 13 of 13 868 Views

In this case @BlueSky, if you transfer the funds in AUD we will not automatically covert the funds. If the account is an AUD account, it's unlikely that the receiving bank would covert them, however I can't speak for another bank and you would need to check with them to be certain.

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