Sending an International Payment

Sending an International Payment

You can now use Regional Australia Bank's Internet Banking to reliably and conveniently send money overseas to more than 200 countries and over 40 different currencies.

Sending Money via Telegraphic Transfer

What is a Telegraphic Transfer (TT)?

A Telegraphic Transfer (also known as a “Wire”) is an electronic transfer of funds directly credited to a beneficiary’s overseas bank account. A choice of more than 130 currencies is offered.


Why should I use a TT?

  • In most cases a TT is the quickest way to send funds abroad (a TT will normally take one to three business days to reach the beneficiary)1.
  • Sending a TT in the beneficiary’s currency is usually more cost effective and helps ensure the funds are credited more quickly, as the payment can go 'straight through'2.


What details do I need to send a TT?

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.

The list of details you will require include:

  • Beneficiary Bank Full Name
  • Beneficiary Bank Full Address
  • Account Number
  • Beneficiary's Full Name
  • Beneficiary's Residential Address
  • Purpose (Reference)

You may also need to provide some additional information when sending a Telegraphic Transfer to the following countries:

  • Europe: International Bank Account number (IBAN) – the IBAN incorporates the bank, sort code and account number
  • United Kingdom: IBAN
  • New Zealand: Bank code
  • Malaysia: National ID number or Company number
  • USA: ABA or routing code


How do I send a TT?

Internet banking

If this is your first time sending an international payment you will first need to enable international payments and one-time password. Please call 132 067 to enable this functionality.

When you have enabled international payments in your Internet Banking simply go to 'Pay & Transfer > International Payments'. Log into Internet Banking now.

Visit a Branch

You will be able to complete a TT at any of our branches. Click here to find a branch.

Please Note: 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 Regional Australia Bank and Convera's control. Given that a network of banks is used to complete your telegraphic transfer, the time it takes for your payment to be credited cannot be guaranteed.

Have you registered to make international payments?

Call us now to register to make a Telegraphic Transfer via your Internet Banking

Disclaimers

1

Payments are usually received by the beneficiary bank within 1 to 3 business days after receipt of funds by Convera in accordance with payment instructions. There is no delivery period guarantee. Some currencies may take longer than others to process.

2

Regional Australia Bank has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfers. The relationship relating to the product or services described is solely between you and Regional Australia Bank.

Fees and charges may apply, depending upon the product or service. Full terms and conditions are available here. Convera does not give any advice, general, personal or otherwise. This information has been provided without taking into account of your objectives, financial situation or needs. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.