How do I arrange an outward Telegraphic Transfer?

< Return to Telegraphic Transfers FAQs

When you’re sending money overseas it’s easy with a Telegraphic Transfer. It's a fast and secure way to make international payments almost anywhere in the world.

The benefits of an outward Telegraphic Transfer include:

• Transfers received in a specified currency
• Certainty about when the payment is received
• More secure than physical payment options such as cheques or drafts
• Include a brief message as part of the payment transaction
• An affordable way of transferring a large amount of funds overseas

To request an outward Telegraphic Transfer, simply visit a branch or login to Internet Banking to complete an outward Telegraphic Transfer request. You will need to provide your residential address and the residential address for the receiver, as well as details of the account that the funds will be transferred to. This includes:

Beneficiary Bank Full Name
Beneficiary Bank Full Address
Account Number
Beneficiary's Full Name
Beneficiary's Residential Address
Purpose (Reference)

You may also need to provide some additional information when sending a Telegraphic Transfer to the following countries:

Europe: International Bank Account number (IBAN) – the IBAN incorporates the bank, sort code and account number
United Kingdom: IBAN
New Zealand: Bank code
Malaysia: National ID number or Company number
USA: ABA or routing code

Please note:

In processing a Telegraphic Transfer, we only rely on the bank account number and beneficiary bank details you provide. We do not rely on the bank account name.
It is a requirement under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 that identification is collected when sending a Telegraphic Transfer. If you are not an existing Auswide Bank client who has been previously identified, it will be necessary to produce acceptable forms of identification.
Funds cannot be transferred directly to an overseas credit card account. You may be able to arrange to pay a credit card bill if you send the funds to the suspense account of the overseas bank's card division.
Telegraphic Transfers are not available to the following countries: Afghanistan, Angola, Cuba, India, Iran, Libya, Myanmar (Burma), Nauru, North Korea, Seychelles, Sudan, Syria, Russia.
Telegraphic transfers are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.