An Inward Telegraphic Transfer (TT) is an electronic transfer of funds to your account from an overseas party.

In most cases, an Inward TT is the quickest way to receive funds from abroad.

Receiving payments from overseas?

With our Incoming International Payments Service powered by Western Union Business Solutions, you can receive money directly into your nominated bank account from almost anywhere in the world, in over 35 currencies.

Transactions to and from Russia and Belarus are suspended until further notice: Due to the recent developments in Ukraine, our partner Western Union Business Solutions has suspended all transactions to and from Russia and Belarus until further notice. Please contact us if you have any queries about this change.

Why use our Incoming Payments service over SWIFT payments?

  • SWIFT transactions typically incur fees on incoming payments
  • SWIFT payments can take up to 60 days to clear.

Follow the simple steps to receive your money from overseas:

  • Credit Union SA members can simply visit Western Union Business Solutions
  • Complete the relevant information in the online form and submit
  • You will be then presented with the deposit instructions. Please save these for your reference and email them to your payee and ask them to follow the payment instructions.

You’ll need to advise the person sending the money that these instructions must be presented to their bank when sending the payment to you, and:

  • To deposit the amount into the account as stated in the instructions in local currency (e.g. if they are in the US, they make payment in US dollars)
  • Ensure that “Payment Notes” are included in the bank’s reference field, as specified in the deposit instructions.

Your payment will normally be received within two to three days of it being sent, providing there are no unforeseen delays.

Received a foreign currency cheque?

If you have received a foreign currency cheque, our foreign cheque conversion service is flexible and convenient. Funds are held in your account and usually become available to access after 30 business days.

No beneficiary deduct fees

We do not charge beneficiary deduct fees1

Timely and reliable

Funds are usually received in full in 2- 3 business days2

Exchange rate guarantee

Lock in a competitive exchange rate for 72 hours3

Local currency

Your sender can pay you in their local currency, you can still receive in AUD.



Payments may be sent via a network of correspondent and/or intermediary banks. In some instances, such banks may charge a small handling fee, which is out of the control of Western Union Business Solutions or Credit Union SA.


Funds are usually received by the beneficiary’s bank within 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery guarantee as some currencies may take longer than others to process.


Periodic comparisons are made against publicly available rates for comparable services from 4 Australian Banks. Funds must be received by Western Union Business Solutions within 72 hours of the rate quote in accordance with payment instructions for the rate guarantee to be honoured.


Western Union Business Solutions is a business unit of The Western Union Company. In Australia, Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092) (“WUBS”) is the issuer of the financial products (if any) referred to in this communication. A product disclosure statement is available for each of the financial products that WUBS issues (if any) and can be obtained by visiting Before you decide to acquire a financial product from WUBS you should read and consider the relevant product disclosure statement. This communication has been prepared solely for informational purposes and does not in any way create any binding obligations on either party. Relations between you and WUBS shall be governed by the applicable terms and conditions provided to you before you trade. No representations, warranties or conditions of any kind, express or implied, are made in this communication. This communication is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject WUBS and/or its affiliates to any registration or licensing requirement within such jurisdiction.