How to transfer a large amount of money with Bank of Melbourne in 2025

Money know-howRemittance
19 May 2025
3 mins read
Written by

Transferring large amounts of money, whether domestically or internationally, is streamlined and secure with Bank of Melbourne. Offering competitive exchange rates, transparent fees, and reliable processing, the bank ensures your high-value transactions are handled with utmost care and efficiency.

What are the limits for large money transfers with Bank of Melbourne?

Bank of Melbourne imposes specific daily limits to safeguard your funds:

  • Domestic Transfers: The default daily limit for transferring funds to third-party accounts is AUD 5,000, which can be increased up to AUD 100,000 per payee. ​
  • International Transfers: A cumulative daily limit of AUD 50,000 applies to transfers made to international accounts via Internet Banking. ​
  • Osko®/PayID Payments: Limited to AUD 5,000 per transaction. ​

To adjust your daily limits, you can do so within Internet Banking or the mobile app by entering your Secure Code.

Is Bank of Melbourne safe for large transfers?

Yes, Bank of Melbourne employs robust security measures to protect your funds during large transfers. These include:

  • Multi-Factor Authentication (MFA): Adds an extra layer of security to your online banking sessions.​
  • 24/7 Fraud Monitoring: Continuously monitors transactions for any unusual activity.​
  • Secure Encryption Protocols: Ensures that your data is transmitted securely over the internet.​

Additionally, the bank provides guidelines to help you protect your access credentials and offers a fraud money-back guarantee, reimbursing customers for any unauthorised transactions, provided they promptly report the incident and have not contributed to the loss.

How to make large transfers with Bank of Melbourne?

Here’s a step-by-step guide to making a large transfer:

  1. Log In: Access your account via Internet Banking or the Bank of Melbourne mobile app.​
  2. Navigate to Transfers: Select the ‘Transfers, Payments & BPAY’ menu.​
  3. Choose Transfer Type: For international transfers, select ‘Overseas Transfers’.​
  4. Enter Details: Input the recipient’s information and the amount to transfer.​
  5. Verify Identity: Authenticate the transaction using your Secure Code.​
  6. Confirm and Send: Review the details and confirm the transfer.​

Note: To initiate international transfers, please complete the ‘Internet Banking – Request to Authorise/Cancel Overseas Telegraphic Transfer Access’ form. Access will be granted within two working days upon submission.

How long do large transfers take with Bank of Melbourne?

Transfer MethodETA
Domestic TransfersSame day to 1 business day
Osko®/PayID PaymentsNear-instantaneous
International Transfers1–3 business days

What’s the maximum transfer limit with Bank of Melbourne?

Transfer MethodBank of Melbourne Maximum Transfer Limit
Domestic TransfersUp to AUD 100,000 per payee per day
Osko®/PayID PaymentsAUD 5,000 per transaction
International TransfersAUD 50,000 per day

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

united states of america flag
USD
Please enter amount
All currencies
united states of america flag
united states of america
USD
india flag
INR
Please enter amount
All currencies
india flag
india
INR

Our rates

Our rates

Payment by

Fees Fees and exchange rates vary by sending amount, currency, payment method, and receiving country. Please change these parameters to view the applicable fees.

You save

Transfer time Estimated transfer time may vary based on the currency selected, payment method, and bank timings.

First time transfer?

Get a special FX rate on your transfer! Send between USD 1 and USD 3,000 today.

T&Cs apply

calculator promo icon large transfer promo icon

Need to send over 25,000 USD? Enjoy special discounts. Learn more




Sources

The information provided is for general guidance only and may vary based on your location and transaction details. Please check Bank of Melbourne’s official website for the latest policies and limits.

Send money with ease
Scan to get the app.
Download the app.
QR code image
About Instarem

Instarem stands at the forefront of international money transfer services, facilitating fast and secure transactions for both individuals and businesses. Our platform offers competitive exchange rates for popular currency pairs like USD to INR, SGD to INR, and AUD to INR. If you're looking to send money to India or transfer funds to any of 60+ global destinations, Instarem makes it easy for you. We are dedicated to simplifying cross-border payments, providing cutting-edge technology that support individuals and businesses alike in overcoming traditional fiscal barriers normally associated with banks. As a trusted and regulated brand under the umbrella of the Fintech Unicorn Nium Pte. Ltd., and its international subsidiaries, Instarem is your go-to for reliable global financial exchanges. Learn more about Instarem.

Explore more articles

How Lovet improved payment speed and cashflow planning with Instarem 
Customer stories

How Lovet improved payment speed and cashflow planning with Instarem 

This article covers: The Company  The Challenges  The Solution  The Results  Ready to simplify your…

How Instarem supports Airserve Marine Travel’s global operations with faster, smarter cross-border payments 
Customer stories

How Instarem supports Airserve Marine Travel’s global operations with faster, smarter cross-border payments 

This article covers: The company  The challenges  The solutions  The results  Ready to simplify your…

How to buy gold online?
Money know-how

How to buy gold online?

This article covers: How to buy gold online?  Where to buy gold online?  Best place…

Cost of living in Indonesia – single, family & student
Career

Cost of living in Indonesia – single, family & student

This article covers: Overview of cost of living in Indonesia  Do you know?  A glance…

Jobs in Indonesia: Leading companies hiring right now
Career

Jobs in Indonesia: Leading companies hiring right now

This article covers: Why Indonesia?  Top employers to watch in 2025  What should expats know…

What is the Indonesian code number?
Expat life

What is the Indonesian code number?

This article covers: Overview  What is the Indonesian code number?  What is the area code…

How to buy USDT (Crypto)?
Money know-how

How to buy USDT (Crypto)?

This article covers: What is Tether USDT? Where to buy USDT: Best platforms   Things to…

From high fees to high touch: How TRUVI transformed global payments with Instarem
Customer stories

From high fees to high touch: How TRUVI transformed global payments with Instarem

This article covers: The company The challenges The solution The results Looking ahead Ready to…

OFX Business vs Airwallex Business: Which is better for your business?
Business

OFX Business vs Airwallex Business: Which is better for your business?

This article covers: OFX Business vs Airwallex Business: Key Features OFX Business vs Airwallex Business…

Revolut Business vs WorldRemit Business: Which is better for your business?
Business

Revolut Business vs WorldRemit Business: Which is better for your business?

This article covers: Revolut Business vs WorldRemit Business: Key Features Revolut Business vs WorldRemit Business…

close icon
Select location
Australia flag
Australia
Austria flag
Austria
Canada flag
Canada
Global flag
Global
France flag
France
Germany flag
Germany
Hong Kong flag
Hong Kong
India flag
India
Ireland flag
Ireland
Japan flag
Japan
Malaysia flag
Malaysia
Netherlands flag
Netherlands
Singapore flag
Singapore
United Kingdom flag
United Kingdom
close icon
Select a language
English (EN)
close icon

Change location and language

You are on our United States of America website. Select below to change to another location.

Save changes