NAB BANK AUD vs GBP/EUR EXCHANGE RATES
Compare NAB Bank AUD currency transfer options to/from Australia. You can beat NAB Bank exchange rates when making an Australian dollar money transfer or overseas payment, save time, money and get the best deal.
| NAB Bank | AUD to GBP | AUD to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.511 to £0.513 | €0.597 to €0.599 |  |  | |
| TorFX | £0.512 | €0.598 |  | | |
| Wise | £0.513 to £0.514 | €0.599 to €0.6 |  | | |
| NAB Bank | £0.498 | €0.582 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
NAB Bank International Money Transfers
International currency transfers to or from your NAB Bank account in Australian dollars, UK pounds, the euro, US dollars and many other popular currencies will involve a margin or exchange rate of around 3.5% and additional bank transaction or commission fees may apply.
NAB international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – NAB Bank
Sending foreign currency to or from your NAB Bank account in Australia needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Australian dollars (AUD) using NAB Bank services would have a transaction exchange rate margin of around 3.5% – or $3,500 AUD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 AUD in total, which is a large saving over the bank service.
NAB Bank – Other Useful Information
International money transfers from NAB Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing NAB Bank account holder to use their services. NAB Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, NAB Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
NAB Bank, Australia – About
NAB Bank (also known as the National Australia bank) was created in 1858 and is considered one of the major banks in Australia, operating over 700 local banking branches. NAB also provides banking and financial services through numerous brands including MLC and UBank in Australia, Clydesdale Bank and Yorkshire Bank in the United Kingdom, Bank of New Zealand and Great Western Bank in the United States.
NAB Bank branch finder
Find NAB Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest NAB branches in your search area results.
Contact NAB Bank from abroad
You can find answers to everyday banking questions at NAB online. If you can’t find the answer you’re looking for, you can call them from outside Australia on +61 3 8641 9083
NAB Bank – Head office address
NAB Bank – 500 Bourke St, Melbourne, VIC 3000, Australia
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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