Foreign Exchange - American Express

BankVic has an agency arrangement with American Express International Inc. to offer simple solutions for your foreign currency requirements. Whether you're going overseas for a shopping spree or sending money to a family member abroad for their birthday, there's a range of secure and convenient options to suit your needs.

With over 150 years of experience in foreign exchange, you can trust American Express with your foreign currency requirements. Benefit from their exceptional service and superior foreign exchange expertise as one of the most established and respected providers of foreign exchange, globally.

We recommend that you read the Financial Services Guide which tells you about the services we offer. 

Telegraphic transfers

Make quick and cost effective international payments in over 100 currencies. A telegraphic transfer (TT) is a secure, convenient and electronic means of depositing funds directly into your beneficiary's account in a specified currency, both overseas and within Australia. You should note that telegraphic transfers are not immediate - they can take anywhere between 5 and 7 working days to arrive, depending on the country.

2 easy ways to send a TT

  • Call 13 63 73 option 3
    9am - 4pm, Monday - Friday

  • Visit a branch
    9am - 4pm, Monday - Friday

You'll be required to provide the following information in order to process a TT with us:

  • Name of beneficiary
  • Address of beneficiary
  • Bank name
  • Bank address
  • International Bank Account Number (IBAN)
  • Sort code (Bank identifier number/BSB number)
  • Swift code (Bank identifier code)
  • Account number


Fees and charges

Fees and charges apply to telegraphic transfers. For full details, refer to our Fees & Charges (PDF). Please note the corresponding bank/s may also charge a handling and acceptance fee/s.

We recommend that you review the amount of money you are sending against the possible fees the corresponding financial institution may charge.

For more information, please refer to the Telegraphic Transfers Product Disclosure Statement PDS (PDF) and Fees & Charges (PDF), which is also available at our branch - or by calling 13 63 73.

Incoming telegraphic transfers

An incoming overseas deposit allows you to receive foreign currency converted into Australian dollars (AUD) into your account. You should note that telegraphic transfers are not immediate - they can take anywhere between 5 and 7 working days to arrive, depending on the country. Where an inbound transfer of AUD is received, a handling fee is applied by American Express (AMEX) of AUD$5. No fee is applied by BankVic.

How to receive an incoming TT

The easiest way for you to provide instructions to your overseas sender is to complete the American Express Inward TT instructions online form. After you submit the form, a PDF file will appear on your screen, containing all of the important information you'll need to process your transfer, including the SWIFT Code (or Bank Code). You can then save and email that PDF file to your overseas sender.

Please note that the exchange rate applied is the rate available to AMEX on the date and time AMEX receives the funds from the corresponding financial institution.  This rate cannot be set in advance and will be disclosed to you after the exchange has occurred.

Foreign currency drafts

Foreign currency bank drafts, commonly called drafts or foreign currency cheques, are simply bank cheques (drawn on a foreign bank) made to a recipient who can deposit the cheque directly into their own account.

Foreign currency bank drafts are issued in 16 major currencies and are an ideal secure payment method when you have small amounts to pay or you don't know the banking details of the person or beneficiary you need to send the money to.

2 easy ways to order foreign currency drafts

  • Call 13 63 73 option 3
    8am-7pm, Monday to Friday, 9am-5pm, Saturday

  • Visit a branch
  • 9:30am-4pm, Monday to Friday

When the draft is ready, it can be collected at any one of our branches, an American Express branch or mailed directly to you.


See our FAQ for detailed information about services offered by American Express Foreign Exchange Services.

BSB: 704 230

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