American Express frequently asked questions

What foreign exchange services does BankVic offer?

Through our agency agreement with American Express, BankVic can offer our members a range of foreign exchange services, including:

  • Telegraphic transfers
  • Incoming telegraphic transfers
  • Foreign currency drafts

What is a telegraphic transfer?

A telegraphic transfer (TT) is a secure, convenient and electronic means of depositing funds directly into an account overseas. TTs are available in over 100 currencies.

What is a foreign currency draft?

A foreign currency bank draft can be issued in any of sixteen (16) major currencies and offers a secure way to send small amounts of money abroad.

BSB: 704 230

Tools & Resources