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Foreign Exchange

Telegraphic transfers Transfer funds directly to an overseas bank account

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 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.

View Foreign Exchange Rates

Fast and efficient

Quick transfer window, usually within 48-72 hours.

Great value for money

No fees are charged by Credit Union SA if you process your TT online.

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Send money to friends and family overseas in an affordable way, or use to settle overseas payments

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).

Read our FAQ to learn how to make a Telegraphic Transfer in your Internet Banking or Mobile Banking App.

Telegraphic Transfers 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 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.