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Telegraphic Transfers Get money to someone overseas fast - any time, from anywhere

A telegraphic transfer (TT) is an electronic transfer of funds directly credited to a beneficiary’s overseas bank account.

A TT is usually the quickest way to send funds overseas - your money will normally reach the beneficiary within one to two business days. You can even do it free of charge if you process your own TT via Internet Banking, which is of course available 24 hours a day, 7 days a week.

We recommend that you arrange for a TT to be sent in the beneficiary’s currency, as this removes any need for further currency conversion, making it a quicker and cheaper process. 

International transfers – both in foreign currency and in Australian Dollars - may incur intermediary bank fees which are not charged by Credit Union SA and will reduce the amount of funds received by the recipient.

When transferring to an overseas account there are a few countries and regions that need extra information to make the payment:

  • Europe: International Bank Account Number (IBAN)

  • United Kingdom: Bank Sort Code or IBAN

  • New Zealand: BSB and account number

  • China: A reason for sending funds

  • Malaysia: National ID number.


Choose from a range of major currencies - over 130 available

Transfer funds directly to an overseas bank account in over 130 currencies. You can even arrange it through Internet Banking.

Quick transfer window - just 48-72 hours


No fees for TTs processed online

However, a fee does apply for staff-assisted transfers requested in our branches and over the phone.

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Telegraphic Transfers are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 40409, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Credit Union SA Ltd ABN 36 087 651 232 AFSL 241066. Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the product issuer. The Internet Banking facility to send Telegraphic Transfers is provided by Credit Union SA. This is general information only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.

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