Wire transfer is the fastest mode of receiving money in your Bank of Queensland (Australia) account from abroad. You can receive money into your Bank of Queensland account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Bank of Queensland

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Australia) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Bank of Queensland account, please provide the following wire instructions to the sending financial institution:

Bank Name:	Bank of Queensland
SWIFT BIC Code for Bank of Queensland:	For Bank of Queensland, this code is QBANAU4B
BSB Code:	124-001
Branch Name & Address:	Your bank branch name and address
Beneficiary Account Number:	Your complete Bank of Queensland account number (including leading zeros, if any)
Beneficiary Name:	The full name of your account as it appears on your statement
Beneficiary Address:	Your complete address

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Bank of Queensland account, You need to know the following information about the person or company receiving the money:
1. The recipient’s full name and address
2. The recipient’s IBAN or account number
3. Full bank name, address and the SWIFT/BIC code or Branch Number

Incoming Wire Transfer Fees for Bank of Queensland Australia

International Incoming Wire Transfer Fees for Bank of Queensland is as follows:

International Incoming Transaction Fee	Cost
International Money Transfers from Overseas	$10 per transaction

Outgoing Wire Transfer Fees for Bank of Queensland Australia

International Outgoing Wire Transfer Fees for Bank of Queensland is as follows:

International Outgoing Transaction Fee	Cost
International Money Transfers sent Overseas	$30 per transaction

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Bank of Queensland Australia

1. The Wire Transfer Cutoff Time for Bank of Queensland for both Incoming and Outgoing is processed from 10:30 am to 5 pm depending on currency or country.
2. Any requests received after cutoff time will normally be processed the next working day.