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An outward Telegraphic Transfer (TT) is a secure way to electronically transfer money internationally in a specified currency.
We also offer an inward Telegraphic Transfer service.
A TT is one of the quickest ways to send funds abroad and is ideal if funds have to reach an overseas recipient in a hurry. The remitter sends funds in their own currency, which is then converted into the destination's currency.
Bear in mind that the receiver must have a bank account, as they will be unable to collect the funds in cash.
You can place a TT in 130 currencies, for a full list please click here.
Please note: we do not recommend sending AUD TTs unless the funds are being sent to an overseas Australian Dollar bank account.
There are some restrictions as to which currencies TTs can be sent in to certain locations, eg. TTs cannot be sent in AUD to the USA, and only AUD can be sent to Vanuatu.
You are unable to send a TT to Afghanistan, Iran, Myanmar (Burma), Cuba, Iraq, North Korea, DR Congo, Libya and Syria.
To make a TT visit your local branch
|Outgoing (non $AUD)||$30|
|Trace Fee* (if applicable)||$80|
Sometimes a delay may occur in the beneficiary receiving their funds. This is generally because of an issue with one of the intermediary banks in the payment "chain", and is out of our control.
If the recipient has not received the money in their account after five business days, please call into your local Bank of us branch and we will place a trace on the transfer. Traces will be conducted free of charge unless it transpires that funds were credited to the recipient account prior to the trace being requested – in this case a fee of $80* will apply.
Please note:TTs are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees are totally out of Bank of us and Western Union Business Solutions control. Given that a network of banks is used to complete your telegraphic transfer, the time it takes for your payment to be credited cannot be guaranteed.
TTs are often credited into the recipient’s bank account minus any fees charged by intermediary banks, therefore it is possible that the recipient is looking for the wrong amount.
The financial products (Drafts and Telegraphic Transfers) referred to are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 40409, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Bank of us. Fees & Charges and Terms & Conditions apply.
It's important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A Draft PDS is available for each financial product issued by WUBS from any Bank of us branch or on the compliance section of our website http://business.westernunion.com.au/about/compliance/. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.