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Telegraphic Transfer

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A Telegraphic Transfer (TT) is an electronic transfer of funds directly credited to a beneficiary’s overseas bank account. A choice of more than 130 currencies is offered – click here for more details.

  • In most cases a TT is the quickest way to send funds abroad (a TT will normally take two to three business days to reach the beneficiary)
  • 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”
  • Download the Telegraphic Transfer Order Form
Order FormAsk MYCUCall 1300 655 116
  What details do I need to send 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 totally out of MYCU'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

  Available currencies
United Arab Emirates Dirham Saudi Arabian Riyal
Canadian Dollar Solomon Islands Dollar
Swiss Francs Swedish Krona
Danish Krone Singapore Dollar
Euro Dollar Thai Baht
Fijian Dollar Tonga P'anga
Hong Kong Dollar British Pound
Japanese Yen United States Dollar
Norweigian Krone Vanuatu Vatu
New Zealand Dollar Western Soma Tala
Papua New Guinea Kina French Pacific Franc
Philippine Peso South African Rand
  Important information

In order to send your TT, you must complete all sections of the order form. Please note:

  • You must enter full street addresses (PO Box addresses are not acceptable)
  • Payments to all European, and certain other, countries require an International Bank Account Number (IBAN) – this may be obtained from the beneficiary
  • No symbols can be used in the beneficiary name (e.g. “&”, “/” etc)

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 My Credit Union. 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 My Credit Union Limited 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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