Telegraphic Transfers

What is a Telegraphic Transfer (TT)?

A Telegraphic Transfer (also known as a “Wire”) is an electronic transfer of funds directly credited to a beneficiary’s overseas bank account. A choice of more than 130 currencies is offered - click here for more details.

Why should I use a TT?

  • In most cases a TT is the quickest way to send funds abroad (a TT will normally take two to three business days1 to reach the beneficiary’s bank), and is a reliable way to send funds to a bank account internationally.
  • Sending a TT in the beneficiary’s currency is usually more cost effective and helps ensure the funds are credited more quickly, as the payment can go “straight through”.

What details do I need to send a TT?

  • You will need to provide full details of the beneficiary’s bank account, including the bank’s SWIFT code and, for some countries the IBAN (International Bank Account Number).
  • To comply with Australian Government regulations, including Anti Money Laundering (AML), you must also provide the beneficiary’s full street address and details on the purpose of the transfer.
  • Please note that TTs are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees are out of Geelong Bank and Western Union Business Solutions control. Given that a network of banks is used to complete your Telegraphic Transfer, the time it takes for your payment to be credited cannot be guaranteed.

Sending money overseas? Use internet banking to send money to more than 200 countries and territories.

Our International Telegraphic Transfer service, available via online banking lets you easily and reliably send money overseas to over 200 countries and territories, in more than 130 different currencies.

If you can’t make it into a branch, or need to send money outside of business hours, you can easily make an International Telegraphic Transfer (TT) using our online banking service via your computer, laptop, tablet or smart phone.

Please take extra care with your transfer as Western Union Business solutions and / or their affiliates and / or their agent Ford Co-operative Credit Society Ltd accept no liability whatsoever for any delay, mistake, misinterpretation of instruction or omission which may occur with this Telegraphic Transfer.

Note: If you require a limit greater than $2,500 then email during business hours requesting an increase (maximum transfer is capped at $10,000 AUD plus fee).

To send a Telegraphic Transfer:

  1. Login to internet banking
  2. Select “international transfer” from the payments heading
  3. Complete mandatory fields i.e. account to transfer funds from and reference details
  4. Select new recipient 
  5. Select the country the recipient is from in the drop down box
  6. Enter either the amount of foreign currency or AUD amount to be converted
  7. Recipient bank account details are required – note: different countries require different fields to be completed
  8. Enter recipients personal details
  9. From the additional details section select the reason for the transfer and a message for the recipient if required
  10. Select next
  11. A summary page of the transaction is displayed 
  12. If correct select ok to complete
  13. Your receipt will be displayed. Enter finish or new transaction if you have another payment to make.

1. This is not a delivery guarantee. Some currencies may take longer to process than others.

An Inward Telegraphic Transfer (also known as an “Inward Wire”) is an electronic transfer of funds directly credited to your account. Each currency that can be received has its own payment instructions form (known as a “Standard Settlement Instruction”). To arrange an Inward Telegraphic Transfer all you have to do is forward a copy of the appropriate Standard Settlement Instructions to the overseas sender; they in turn provide these instructions to their bank when sending the payment.

Disclaimer: Geelong Bank has appointed Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092), trading as Western Union Business Solutions (“WUBS”) to assist in facilitating some foreign exchange products and services. Other financial products and services (including Telegraphic Transfers) are provided to you by Geelong Bank. Please note that fees, charges and terms and conditions apply and may vary depending upon the product or service. It is understood that payment is made at the senders risk.

Western Union Business solutions and/or their affiliates and/or their agent Ford Co-Operative Credit Society ABN 74 087 651 456 trading as Geelong Bank accept no liability whatsoever for any delay, mistake, misinterpretation of instruction or omission which may occur with this Telegraphic Transfer.

This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.

WUBS is an operating division of the Western Union Company.


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