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Foreign Exchange

Inward payments Receive money from overseas

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.

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
  • 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.


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

View Foreign Exchange Rates

Local currency

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

Want to do more with your money?

Our Access Account is our fee free account with 24/7 banking, plus digital wallets including Google Pay™, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay™.

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

It’s always useful to have some local currency in your pocket. Choose from over 50 local currencies (subject to availability).

Call or visit us, or contact us online using our enquiry forms.

1Payments 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.

2Funds are usually received by Credit Union SA within 2-3 business days, funds will then be allocated to your nominated account. There is no delivery period guarantee. Some currencies may take longer than others to process.

3Periodic 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.