Buying property or paying staff in foreign countries? Sending funds to family members overseas? Telegraphic Transfers let you send money electronically directly to overseas accounts.
Telegraphic transfers are an easy way to send large amounts of money overseas quickly. Through our partnership with American Express, you are able to send payments to most countries in the world in over 100 different currencies.
A normal transfer takes between 48 and 72 hours. This enables you to respond to a special deal or financial agreement swiftly, efficiently and with confidence.
How do they work?
In simple terms, a telegraphic transfer transmits funds electronically to an overseas bank account in a specified currency. Funds are deposited directly into the payee's bank account where they can be easily accessed by the payee.
Why use a Telegraphic Transfer?
- You get certainty about when the payment was received
- Payments can be made between local and overseas organisations or people
- You can send a payment in most major currencies
- Generally faster than drafts
- They are an economical and secure way of sending a large amount of money overseas
American Express is the product issuer of the foreign exchange products.Please refer to the relevant (Travellers Cheques/Telegraphic Transfers) Product Disclosure Statement (PDS) or Disclosure Document (DD). The information contained in this document has been prepared without taking into account your objectives and financial situation or needs. You should request an American Express Financial Services Guide and read the PDS and/or DD and consider the appropriateness of International Payments and Travellers Cheques in relation to your individual requirements. American Express International, Inc. (ABN 15 000 618 208, AFSL No. 237996). Incorporated with limited liability in Delaware USA. ® Registered Trademark of American Express Company.