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Additional things you should know about sending and receiving money from/to overseas
Overseas banks may impose their own fees and charges, or convert the currency of the payment. Bank of Sydney might not have any control over the fees, charges or foreign currency conversions imposed by these institutions. Any overseas financial institution handling charges will by default be borne by the recipient of the international payment and deducted from the payment amount, unless otherwise organised.
It’s possible that the overseas bank could convert the currency of the payment at an unfavourable exchange rate. You should inform the beneficiary that, if this occurs, they should consider rejecting the payment immediately so the payment can be unwound at the prevailing exchange rate.
If you don’t want the currency to be converted, please insert the words “Do Not Convert” in the description details free text box when you’re making an international payment.