Introduction:
Sending money overseas can be a straightforward process, but it's important to be prepared before you initiate a transfer. Commonwealth Bank, Australia's largest bank, offers a variety of options for sending money internationally. Here are 4 things to keep in mind before sending money overseas with Commonwealth Bank.You need the recipient's details
The quickest way to send money overseas is using just your recipient’s mobile number. If you choose not to do this, you’ll need the following information before you can transfer money internationally:- Recipient’s name, their account name and home address
- The SWIFT or Bank Identification Code (BIC) of the recipient's bank. Sometimes you'll be asked for a BIC and sometimes a SWIFT – they’re the same thing
- Recipient’s International Bank Account Number (IBAN) or bank account number. Here's a list of countries and their IBANs.