Leave site

We are updating our Terms and Conditions for Mortgage Offset Accounts, effective 4 January 2022. Find out more

Close button
2021-11-30 2:45 pm
Close button

Moving money

How do you move money around and are there daily transaction limits? Learn how long it takes (it’s fast) and see links to international transfers, cash and cheques, and mobile payments.

What’s on this page

How to move money

These are the main ways you can do your banking:


Internet banking




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.

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). 

Mobile payments

To get started, add your new Bank Australia card details to the digital wallet on your mobile, smartwatch and other compatible wearables.

Read more about mobile payments.

International transfers

You can make an international transfer in the app and internet banking, or by calling us or visiting a branch. 

For transfers over $2,000, you must have the Symantec VIP app installed. You will also need to contact us

Bank Australia uses Western Union Business Solutions, a division of The Western Union Company, to receive and send international transfers. 

Depositing cash and cheques

You can deposit cash or cheques at any Bank Australia branch or Post Office using your Visa Debit card.

Or you can mail cheques to:

Bank Australia, Reply Paid 507, Moe, VIC, 3825

(Please include a note with your account details.)

Need help?

Send us a secure message in the app or internet banking  

Or call us