How to transfer a large amount of money with Bank First in 2025
This article covers:
- What are the limits for large money transfers with Bank First?
- Is Bank First safe for large transfers?
- How to make large transfers with Bank First?
- How long do large transfers take with Bank First?
- What’s the maximum transfer limit with Bank First?
- Why is Instarem a better choice for large money transfers?
Sending large amounts of money across borders can be complex, but Bank First makes it simple and secure. With competitive exchange rates, transparent fees, and reliable processing, you can send high-value transfers with peace of mind.
Whether for business, investments, or personal reasons, Bank First ensures your money reaches its destination safely and efficiently.
What are the limits for large money transfers with Bank First?
Bank First imposes specific daily limits for various transfer types to ensure security and compliance:
- Standard External Transfers: AUD 5,000 per day
- Osko/NPP Payments: AUD 5,000 per day
- BPAY: AUD 10,000 per day
- International Online Transfers: AUD 2,000 per day
- Total Combined Daily Limit: AUD 22,000 per member, regardless of the number of authorised signatories
To increase these limits, you can log into Internet Banking, navigate to Settings > Daily Transaction Limits, and adjust as needed. Note that higher limits may require additional security verification and approval.
Is Bank First safe for large transfers?
Bank First employs multiple security measures to protect your funds during large transfers. These include multi-factor authentication (MFA), 24/7 fraud monitoring, and the use of firewalls and encryption to safeguard your internet banking activities. Additionally, Bank First provides guidelines to help you protect your access cards and security codes.
How to make large transfers with Bank First?
Here’s a step-by-step guide to making a large transfer with Bank First:
- Sign up or log into your Bank First Internet Banking account.
- Navigate to the ‘Pay’ section and select the appropriate transfer type (e.g., Standard External Transfer, Osko, BPAY, or International Transfer).
- Enter the transfer details, including the recipient’s information and amount.
- Choose your payment method, such as a bank transfer.
- Verify your identity if required for high-value transactions.
- Confirm and send. Track your transfer in real-time through the Bank First Internet Banking platform.
For international transfers exceeding AUD 2,000, you must complete an International Funds Transfer form and submit it to Bank First for processing.
How long do large transfers take with Bank First?
| Transfer Method | ETA |
|---|---|
| Standard External Transfers | 1–2 business days |
| Osko/NPP Payments | Near-instantaneous |
| BPAY | 1–2 business days |
| International Online Transfers | Up to 3 business days |
What’s the maximum transfer limit with Bank First?
| Transfer Method | Bank First Maximum Transfer Limit |
|---|---|
| Standard External Transfers | AUD 5,000 per day |
| Osko/NPP Payments | AUD 5,000 per day |
| BPAY | AUD 10,000 per day |
| International Online Transfers | AUD 2,000 per day |
| Total Combined Daily Limit | AUD 22,000 per member |
Why is Instarem a better choice for large money transfers?
- Exclusive discounts for large transfers – more money where it matters
- Fast, secure transfers you can trust
- Track your transfer every step of the way
- Personalised support from our dedicated large transfers team
- Extended rate lock-in for added peace of mind
Make large money transfers with Instarem
First time transfer?
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The information provided is for general guidance only and may vary based on your location and transaction details. Please check Bank First’s official website for the latest policies and limits.
