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Telegraphic Transfer

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A Telegraphic Transfer (TT) (also known as a 'Wire') is an international transfer to an overseas bank account.

Telegraphic transfers are the most efficient method of sending funds abroad (usually takes one to two business days) and are also normally the more cost effective option.

Arrange TransferRequest a call

Telegraphic transfers are sent via a network of correspondent banks which sometimes levy a small handling charge on your payment. Any such fees are out of Orange Credit Union 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 can not be guaranteed.

Orange Credit Union is partnered with Western Union Business Solutions to deliver funds from overseas in the quickest and most convenient manner. 

  Arrange a Telegraphic Transfer
  • You will need to provide full details of the receiver’s bank account, including their IBAN (International Bank Account Number) if they are in Europe.
  • To comply with Australian Government regulations, you must also provide the beneficiary’s full street address.
  • Please note that TT’s are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees are out of Orange Credit Union's control. The time it takes for your payment to be credited cannot be guaranteed.
  • If you have decided that a TT is the payment method for you, complete a Telegraphic Transfer Order Form
  Things to remember
  • If you send a telegraphic transfer in Australian currency the fee can be higher.
  • Paying by credit card may actually increase the cost of your international bills.
  • When paying by credit card it may be difficult to find out how much it will cost you when the foreign exchange rate and other fees are applied to your transaction by the correspondent banks.
  • No symbols can be used in the beneficiary name (e.g. “&”, “/” etc) 
  • We are unable to send funds to certain countries - view our list of countries

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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 your Financial Institution. Fees & Charges and Terms & Conditions apply.

It's important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A PDS is available for each financial product issued by WUBS from your Financial Institution or on the compliance section of our website. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.

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.

Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the issuer of the financial products referred to in this communication.

 

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