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Home / Banking / Travel / Telegraphic Transfers

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A telegraphic/ international transfer (also known as a 'wire') is a secure electronic transfer of funds directly into an overseas bank account.

  • Payments normally received within 3-5 business days
  • Quick and easy
  • Payments in more than 130 currencies to 200 countries and territories
  • Sending a Telegraphic Transfer in the beneficiary’s currency is usually more cost effective and helps ensure the funds are credited more quickly to their account.

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  What details do I need to send a Telegraphic Transfer?

To send a Telegraphic Transfer provide to your local branch the full details of the beneficiary's bank address and bank account, including their IBAN (International Bank Account Number) if they are in Europe. You will also need the beneficiary's full street address.

If you can't make it into a branch or wish to transfer out of business hours, you can also send a telegraphic transfer within your secure online banking session via your computer or laptop. Register for this option via your branch and then simply log into your account, go to the Transfer tab and select 'International Transfer'. The country specific information and ‘help text’ will guide you through your transfer from start to finish. Please note, the amount you are currently able to transfer via Online Banking is AUD $5000.

 

  What details do I need to receive a Telegraphic Transfer?

To receive a Telegraphic Transfer (receive funds from someone overseas), you will need to quote the following to them:

Beneficiary Bank Cuscal Limited, 1 Margaret Street, SYDNEY NSW 2000 AUSTRALIA
Cuscal Limited SWIFT Code: CUSCAU2SXXX
Domestic Bank/Branch identifier (BSB): 802-298
Credit Union Name: Northern Inland Credit Union
Beneficiary Account Number: Your Membership account number
Beneficiary Name: Your Membership account name
Intermediary Bank SWIFT Code*: NATAAU3303M (NAB) or CHASAU2X (JP Morgan Sydney)

Processing charges will be debited off the received amount going to your account; please refer to the Fees & Charges product fact sheet.
* the Intermediary Bank Swift Code is used if the foreign bank does not have a relationship with an Australian Bank or cannot convert the monies to Australian dollars prior to sending it. The JP Morgan Sydney Intermediary Swift Code is used if the foreign bank banks with JP Morgan for their AUD account, otherwise the NAB Intermediary Bank Swift Code should be used.

 

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  Queries or Concerns?
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Important Information:

The financial products referred to in this communication are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Northern Inland Credit Union. Fees & Charges and Terms & Conditions apply.

It's important for you to consider the relevant WUBS documents before you decide whether or not a financial product is right for you. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.

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 that are deducted from the beneficiary amount, are out of our control.

This communication has been prepared solely for informational purposes and does not in any way create any binding obligations. The relationship relating to the financial products referred to in this communication are solely between you and the Financial Institution. No representations, warranties or conditions of any kind, express or implied, are made in this communication.