Foreign exchange
Need to send money overseas to family, friends, or business suppliers? Or maybe you're expecting an international payment from loved ones or partners?
At Coastline Bank, we make it simple and affordable to send and receive money to over 200 countries in more than 130 currencies. Whether you're helping family, growing your business, or managing your finances abroad, we've got you covered with a fast, reliable service you can trust.
Call our Customer Support Centre
1300 361 066
Visit us to exchange money
Send money overseas
At Coastline Bank, we make it simple and affordable to send and receive money to over 200 countries in more than 130 currencies. Whether you're helping family, growing your business, or managing your finances abroad, we've got you covered with a fast, reliable service you can trust.
Features & benefits
- Funds are normally credited within 2-3 business days1
- No surprise overseas bank fees**
- Cost-effective; you can potentially save money by sending in your beneficiary’s local currency**
Additional information
- You will need to provide the full name of your beneficiary and full details of the beneficiary’s bank account, including their IBAN^ (International Bank Account Number) if they are in Europe.
- To comply with Australian Government regulations, you must provide the beneficiary’s full street address. Include beneficiary bank’s code (sort code, SWIFT address, or routing number)**
Coastline has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services. The relationship relating to the services described is solely between you and Coastline. Fees and charges may apply, please refer to the terms and conditions issued by Coastline Credit Union Limited trading as Coastline Bank. Any advice provided by Coastline Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
1. Funds are usually received by the beneficiary’s bank in 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery guarantee. Some currencies may take longer than others to process.
**Please note that International Payments are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
^ IBAN is used in some countries to uniquely identify a customer’s bank account. An IBAN is necessary for payments being sent from Australia to an IBAN mandatory country.
Receive money from overseas
An Inward Telegraphic Transfer (also known as an “Inward Wire” ) is an electronic transfer of funds directly credited to your account from an overseas remitter. In most cases a TT is the quickest way to receive funds from abroad (a TT will normally take two to three business days to be credited to your account, although this can never be guaranteed). Funds can be received in a range of currencies. Click here to see the list.
Features & benefits
- No beneficiary deduct fee
- The transaction is completed as a local transfer
- Transaction is handled by foreign exchange specialists with reliable systems
- Wide range of currencies
Preparing to receive the funds
- Click ‘Receive money now’ button below
- Select the country you are receiving funds from
- Complete and submit the online form
- Save and email the PDF deposit instructions to the payee
Instructions for the sender
- Present the PDF deposit instructions to the payee’s bank
- Deposit the amount into the dedicated account as stated in the instructions in local currency and not in AUD
- Instruct bank teller to include payment note Coastline Bank in the bank’s reference field as specified in the PDF deposit instructions
Additional information
Coastline has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services. The relationship relating to the services described is solely between you and Coastline. Fees and charges may apply, please refer to the terms and conditions issued by Coastline Credit Union Limited trading as Coastline Bank. Any advice provided by Coastline Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
Exchange cash with Travelex
Coastline have partnered with Travelex to provide you with convenient access to foreign cash. Coastline Bank acts as agent on behalf of Travelex Limited ABN 36 004 179 953, AFSL 222444, who is the provider of foreign cash and currency exchange services.
Foreign exchange financial documents
Travel Money Card
Simply outsmart travel money. Load up to 11 currencies and use it at millions of locations worldwide everywhere Mastercard is accepted. Load, spend and top up your card on the go, so you’re always in control.
Features & benefits
- Free global Wi-Fi
- Safe & secure with 24/7 global assistance
- Emergency cash access
- Lock and load up to 11 currencies*
- Accepted at millions of locations worldwide^
- Manage your account online
Additional information
Disclaimer
Mastercard Prepaid Management Services Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Cash Passport™ Platinum Mastercard® (“Cash Passport”) in conjunction with the issuer, EML Payment Solutions Limited (“EML”) (ABN 30 131 436 532, AFSL 404131). You should consider the Product Disclosure Statement for the Cash Passport available at www.cashpassport.com.au before deciding to acquire the product. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you. The Target Market Determination for this product can be located at www.cashpassport.com.au. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.
*Lock-in your exchange rates means the exchange rate is locked in for the initial load only. The exchange rates for subsequent reloads will be set at the prevailing exchange rate at the time of the transaction.
^ Subject to any surcharge that may be imposed directly by merchants. Cash Passport is unable to be used for purchases related to gambling or adult entertainment. Currently Cash Passport cannot be used in the following countries and geographical regions due to sanctions that are currently in place: Crimea, Iran, North Korea, Sudan and Syria. If you attempt to use your card at merchants in any of these countries and geographical regions, your request will be declined. In addition, the ATMs and POS terminals are not owned or operated by the Issuer or MasterCard Prepaid Management Services Australia Pty Limited and the Issuer or MasterCard Prepaid Management Services Australia Pty Limited are not responsible for ensuring that merchants will accept the Card. For example, the Issuer and MasterCard Prepaid Management Services Australia Pty Limited cannot control when an ATM or POS terminal is due for maintenance or is faulty or if a merchant chooses not to accept the Card. In such cases, your Card may not function properly or be declined. For more information please see the Product Disclosure Statement at www.cashpassport.com.au (http://www.cashpassport.com.au).
+ Before you make a decision to acquire the card, please check www.cashpassport.com.au for the latest currencies supported.
% T&Cs apply. Customer must contact Customer service to report lost or stolen card. Emergency cash can be arranged up to the balance on your Cash Passport, subject to availability of funds at the approved agent location.
= T&Cs apply. Wi-Fi is provided by Boingo hotspots. Visit cashpassport.com.au and mastercard.boingo.com for more information.
General advice warning
This advice has been prepared without taking your objectives, financial situation, or needs into account. Before acting on this advice, you should consider whether it is appropriate for your circumstances. For more details, access the relevant Product Disclosure Statements, Target Market Determinations or Financial Services Guides under 'Important information' on our product pages.
All loan applications are subject to credit approval. Interest rates may vary, and fees and charges could apply.