How to transfer a large amount of money with Bankwest in 2025
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Sending large amounts of money across borders can be complex, but Bankwest 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, Bankwest ensures your money reaches its destination safely and efficiently.
What are the limits for large money transfers with Bankwest?
Bankwest sets daily international transfer limits based on your security settings:
- Default limit: AUD 0
- With Secret Questions: Up to AUD 5,000
- With SMS Code: Up to AUD 20,000
You can adjust your limit in Online Banking by navigating to Payments > Payment Limits.
For business accounts, the maximum limit per international transfer is AUD 100,000. To send more, contact Bankwest’s Business Customer Support Team.
Is Bankwest safe for large transfers?
Bankwest employs multiple security measures to protect your funds during large transfers. These include multi-factor authentication (MFA), 24/7 fraud monitoring, and secure encryption protocols.
Additionally, Bankwest provides guidelines to help you protect your access cards and security codes.
How to make large transfers with Bankwest?
Here’s a step-by-step guide to making a large transfer with Bankwest:
- Sign up or log into your Bankwest Online Banking account.
- Navigate to the ‘Payments’ section and select ‘Make a payment’.
- Choose ‘International transfer’ and enter the destination country.
- Enter the transfer details, including the recipient’s information and amount.
- Verify your identity if required for high-value transactions.
- Confirm and send. Track your transfer in real-time through the Bankwest app or website.
Ensure you have the recipient’s full name, address, account number, and the SWIFT/BIC code of their bank. Depending on the destination country, an IBAN may also be required.
How long do large transfers take with Bankwest?
| Transfer Method | ETA |
|---|---|
| Online Banking (Domestic) | 1–2 business days |
| Online Banking (International) | 3–5 business days |
| Business Online Banking (International) | 3–5 business days |
What’s the maximum transfer limit with Bankwest?
| Transfer Method | Bankwest Maximum Transfer Limit |
|---|---|
| Online Banking (Personal) | Up to AUD 20,000 per day |
| Online Banking (Business) | Up to AUD 100,000 per transfer |
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?
Get a special FX rate on your transfer! Send between USD 1 and USD 3,000 today.
The information provided is for general guidance only and may vary based on your location and transaction details. Please check Bankwest’s official website for the latest policies and limits.
