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24 May 2022 - Update on contact centre wait times: Recently our customers have been experiencing unusually (and unacceptably) long waiting times when calling our contact centre. We apologise for this inconvenience and are taking important steps to improve. Read more here.

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2022-04-28 10:05 am
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Bank transfers and times

Find out about bank transfers and how long it takes to transfer money between banks.

What’s on this page

How long does it take to transfer money?

To Bank Australia accounts in Australia

Transfers are processed immediately and are available straight away.

To other banks in Australia

Nowadays, many transfers between Australian banks happen using Osko – you'll see the symbol when you do your transfer. Osko payments typically transfer in less than a few minutes. 

Other payments (not Osko) are generally available on the next business day. Noting that if you make the payment after business hours, it could take an extra day (depending on the other bank’s processing times, too). 

International bank transfers

The timeframes vary depending on the banks at the other end of the transfer. Read about our international transfer service.

Daily transaction limits


  • Internal transfers – $50,000 (to yourself or another Bank Australia customer)
  • External transfers – $2,000
  • International transfers – $2,000

EFTPOS, bills and ATMs

  • BPAY – $10,000 ($2,000 via phone banking)
  • ATM/EFTPOS cash withdrawal – $1,000
  • payWave (under $100) – $1,000
  • In-store purchases (insert card, select CR, and enter PIN) – up to the balance of the account

Transactions made by speaking with us on the phone or at a branch have higher limits.


Want to change your daily transaction limit?

Contact us to make a one-off or permanent change to your transaction limits.

Need help?

Send us a secure message in the app or internet banking

or call us.