ANZ large amount transfers. How do they work

As an ANZ customer transferring money in small, everyday amounts is typically a straightforward and simple process. Whether sending some birthday money overseas, paying a bill or simply reimbursing a friend for lunch, these transfers often pose no issues.

But what if you need to transfer a particularly large amount of money to an account in Australia or overseas? In this guide, we’ll take a look at the limits, fees and key watchpoints for sending large transfers with ANZ. From $5000 to $50,000 or more we’ve covered what's involved so you know what to expect.

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What is considered a large transfer at ANZ?

ANZ does not specify what they consider to be a large transfer. However, their maximum daily limits of AUD$25,000 for domestic transfers¹ and overseas transfers² indicate that anything over this is viewed as ‘large’ or needing additional assistance or approval.

Can you send large transfers with ANZ?

Yes, while there are limitations and conditions on how much you can send, ANZ does facilitate larger volume transactions. We will go into further detail regarding what this looks like below.

Transfer limits with ANZ?

The standard transfer limits with ANZ are AUD$1,000 daily within Australia and up to AUD$10,000 for overseas.¹ ²

These online transfer limits can be increased via the ANZ App, Internet Banking or by phone, however, you’ll need to have voice ID set up or use the ANZ shield app to do this.¹

• The maximum limit for domestic transfers via the app or internet banking is AUD$25,000 per day¹
• For overseas transfers in the app or online the maximum daily limit is also AUD$25,000²

ANZ does not specify upper limits for in-branch transfers. However, they do state that there is no transaction limit on international money transfers made from your account when using their phone banking service.²

What if I need to send more than these limits?

ANZ advises that for domestic money transfers that exceed the limits permitted online, you can visit a branch or call their contact centre for assistance.³

For international payments that exceed permitted transfer limits online, as touched on above, you’ll need to look into phone banking. Alternatively, contacting ANZ’s support centre or attending in-branch for assistance is recommended.

ANZ large transfer fees

Domestically, there are no fees advertised with ANZ for transfers that fall within the permitted limits. For large transfers within Australia and overseas, the following fees will be applied:

As seen on21 October 2024

NB: Payments to Cook Islands, Fiji, French Polynesia, Kiribati, New Caledonia, Papua New Guinea, Samoa, Solomon Islands, Timor Leste, Tonga and Vanuatu may have different fees applied.² Additionally, while corresponding bank fees may also apply, ANZ offers to absorb these in some instances.¹

Please refer to the ANZ website for more details.

How to make a large amount transfer with ANZ?

For any transfer up to AUD$25,000 within Australia you can make this via the ANZ App or Internet Banking and following the prompts. If you do not have Voice ID set up or the ANZ Shield App installed, you will need to do this first.¹

For large volume transfers within Australia that exceed AUD$25,000, you’ll either need to visit an ANZ Branch or call the contact centre. You’ll need to complete a Domestic Telegraphic Transfer Form, agree to the terms and conditions and undergo an ID check to finalise the transfer.³

Currently, international payments cannot be made via the app and must be made online. For amounts up to AUD$25,000 only you’ll need to¹:

1. Log in to Internet Banking
2. Select Payments from the top menu and choose International services (if it's your first transfer, you'll need to register and agree to terms and conditions)
3. Select Transfer funds overseas
4. Choose the account the money is coming from
5. Choose an existing payee or add a New payee
6. Enter the payment details (full name, address, account number, IBAN/SWIFT/BIC code)
7. Follow the prompts to finish your payment.

Again, you will need to have the ANZ Shield App installed to finalise this. For sending more than this overseas, you will need to use ANZ Phone Banking or visit an ANZ branch in person.

How long do large transfers take with ANZ?

For domestic transfers, even those made through an assisted in-branch service can sometimes be received the same day, especially if going to another ANZ account. However, processing delays can occur particularly if sending to a new account or one with another bank.³

For international transfers, transfers are processed overnight on bank business days. Exactly how long it will take to be received by the overseas bank will depend on their policies and systems.¹ Typically, this is between 2 to 3 days.

Any transfers initiated on weekends or public holidays will not be processed until the next business day, so always factor this into any expectations for transfer timelines.

What if your payment is on hold

Occasionally you may see a transfer or payment you have initiated sitting on hold, there can be various reasons for this with the most common being related to security.

If you notice your payment is on hold, this could be due to ANZ wanting to verify that the requested transfer is legitimate. Typically these holds do not extend beyond 24 to 48 hours and where any concerns are present the bank will usually call you to check the details as needed.

Is ANZ safe for large transfers?

One of Australia’s Big Four banks, ANZ is considered a very safe option for facilitating large transfers.

Utilising high-level fraud detection technology, multi-factor authorisation tools and ongoing account monitoring, ANZ takes several steps to keep your money safe.⁵

Are there any legal limitations on how much I can transfer?

No, unlike ANZ, Australia’s financing regulator and specialist financial intelligence unit, AUSTRAC places no limits on how much money you can transfer at any one time.

Whether domestically or overseas, they also require no reporting or declarations whenever funds are moved via a bank or remittance service provider.⁵

Keep in mind

Ready to transfer a large sum abroad or within Australia? Here are some final things to be mindful of:

• If transferring overseas, be sure to check the exchange rate being used and how this will affect the amount you are sending
• Different fees apply based on how you send money with ANZ and where you are sending it to, in most instances you can reduce these by managing the transfer yourself online
• For international transactions correspondent or intermediary bank transfer fees may also apply to your transaction
• For security purposes, it is wise to consider lowering any raised limits once your large transfer has been finalised
• As with most banks, ANZ only allows international transfers to specific countries so always check your destination is approved before deciding if this is the right option for your needs

Contacting ANZ

To speak with ANZ regarding a large money transfer either in Australia or to an overseas account, you can do so via:

• 13 13 14 or at
• +61 3 9683 9999 if calling from overseas

Existing customers may also utilise the ANZ App for fast and secure support where preferred.

Send money the Wise way

Send money with Wise and you get the mid-market exchange rate, which means no surprise mark-up on your currency conversions. Fees are clear and shown upfront.

Wise is a specialist in sending large amounts overseas, securely. The added bonus is that with a sliding fee scale, the more you send, the more you save. The exchange rate is always based on the mid-market rate.

In Australia, Wise is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL number 513764).

It’s super easy to arrange a payment with Wise. Once your account is approved, you can set one up in minutes, without the need to visit a physical branch in person.

Join over 16 million customers currently enjoying Wise. It’ll only take a few minutes to register and see what’s inside.

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Please see Terms of Use and product availability for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

This article is purely for general information purposes and is not to be taken as financial advice. We recommend that you obtain independent financial advice before making any form of decision.

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