Our agency arrangement with Western Union Business Solutions (Western Union) allows you to transfer funds to an overseas account or organise a foreign currency cheque.
A telegraphic transfer allows you to transfer funds to an overseas bank account. Account holders and authorised signatories can organise to have a telegraphic transfer sent overseas by contacting us. We’ll provide you with an exchange rate.
Prior to conducting an international telegraphic transfer, you’ll need to provide us with the following information:
Each telegraphic transfer incurs a charge in addition to the amount you’re sending, and can take anywhere between 48 hours and 10 working days to arrive depending on the country. Refer to our Fees & Charges PDS (PDF) for further information.
You should note that telegraphic transfers are not immediate, they can take anywhere between 48 hours and 10 working days to arrive depending on the country.
A draft is a foreign currency cheque that allows you to post it anywhere in the world. Drafts can be issued in most countries and are payable at the counter of an overseas bank.
To organise a draft, please contact us. We’ll organise your draft in conjunction with Western Union.
Prior to requesting a draft, you’ll need to provide us with the following information:
Each draft incurs a charge in addition to the amount you’re sending and will be delivered via Express Post within Australia. Refer to our Fees & Charges PDS (PDF) for further information.
The information contained in this document is general and has been prepared without taking into account your objectives, financial situation or needs. You should read the Product Disclosure Statement (PDS ) and consider the appropriateness of international payments in relation to your individual requirements. BankVic is acting as an agent of Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092 (Western Union Business Solutions) in the provision of telegraphic transfers, drafts and foreign currency cheque conversion.
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