A telegraphic transfer allows you to electronically send funds directly into an overseas account.
It is the preferred method to make large value international payments as they are processed quickly, cost-effectively and securely in over 100 currencies.
How to send a telegraphic transfer
You just need to provide us with the following information and we will facilitate the payment for you:
- Your street address
- Recipient's name and street address
- Recipient's bank account details
Contact us to arrange your telegraphic transfer today.
How to receive a telegraphic transfer
Receive foreign currency from an overseas account with our dedicated service that provides indicative incoming exchange rates and the acceptance of over 10 currencies.
An incoming overseas deposit allows you to receive foreign currency into your account, converted into Australian Dollars (AUD).\
Notes to the person sending you money:
- It is essential to include 'For further credit (full member name and number)' in the payment notes.
- When sending funds in a currency other than AUD, please advise the sending financial institution that the transfer must remain in the same currency and NOT converted - this can also be included in the payment notes. Queenslanders Credit Union will arrange the conversion to AUD through our partners at American Express.
For further information please refer to the Product Disclosure Statement (PDS). The information contained in this document has been prepared without taking into account your objectives, financial situation or needs. You should read the PDS and consider the appropriateness of International Payments in relation to your individual requirements. International Payments are arranged through American Express International, Inc. (ABN 15 000 618 208, AFSL No. 237996). Incorporated with limited liability in Delaware, USA. ®Registered trademark of American Express Company.