A Telegraphic Transfer is an international money transfer that allows you to send money to an overseas bank account in over 130 currencies. Funds are deposited directly into the payee’s bank account to be accessed easily by the payee. You could use a International Money Transfer to transfer money internationally to a family member or friend living overseas, buy overseas property from Australia or send wages or salaries to employees overseas.
How much does a Telegraphic Transfer cost to send money overseas?
There are two service options with different fees for sending money overseas with Heritage, online or in person/with a form.
Telegraphic Transfers sent online with our Mobile Banking App or Heritage Online in a Foreign Currency
In person/with a form
Telegraphic Transfers sent in AUD to a country with a different currency
|All payments sent in a Foreign Currency
~ Intermediary banks may charge fees independently of Heritage Bank.
How do I send money overseas with my Mobile Banking App?
How do I send money overseas through Heritage Online?
How long will it take to send money overseas with a Telegraphic Transfer?
What currencies can I use when I send money overseas?
|United Arab Emirates Dirham
|Hong Kong Dollar
|New Zealand Dollar
|Thai Baht (Govt. Restrictions)
|British Pounds Sterling
|United States Dollar
|South African Rand
We can also send Telegraphic Transfers in a range of minor currencies.
What details do I need to provide to send money overseas?
To send money overseas using a Telegraphic Transfer, you will need to provide your residential address and the residential address for the receiver, as well as details of the account that the funds will be transferred to.
The details must be clearly communicated and 100% accurate. Any errors may increase the time taken for your payee to receive funds. In some situations Heritage or Convera may require additional information to complete your transfer.
You will also need to provide some additional information when sending a Telegraphic Transfer to the following countries:
|International Bank Account number (IBAN) – the IBAN incorporates the bank, sort code and account number
|National ID number or Company number
|ABA or routing code