Currency Services – Telegraphic Transfer Receiving

 

TELEGRAPHIC TRANSFER

Receive money from overseas safely and securely.

Border Bank can assist you when receiving payments from overseas in a foreign currency. We can help you determine the best way to handle these payments and provide the services to deposit them into your Border Bank Account.

In general, the quickest and most convenient way for someone to send you funds from overseas is via a Telegraphic Transfer.

If you’re receiving a large amount of money, we recommend you request a Telegraphic Transfer for security and speed.

Receive Money

What do I need to do to receive money to my account?

Please Note: You will need to complete these 5 steps on every occasion you are receiving money.

1. Click on the link below – Receive money from overseas.

2. Choose the country you are receiving funds from.

3. Complete the relevant information in the online form and submit.

4. You will be then presented with the PDF deposit instructions. Please save it for your reference and email it to your payee/ follow payment instructions.

5. Ask the sender to :

    • present these instructions to their bank when sending the payment to you;
    • deposit the amount into the dedicated account as stated in the instructions in local currency and not in AUD;
    • instruct bank teller to include the “Payment Notes” in the bank’s reference field as specified in the PDF deposit instructions;
    • please request your remitter (sender) email you a copy of the bank transfer receipt showing the date, amount and transaction number. This information maybe of assistance in locating the transaction (if required).

Receive Money

Important Information

Police Bank has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfer. The relationship relating to the services described is solely between you and Police Bank. Fees and charges may apply, please refer to the terms and conditions issued by Police Bank. Any advice provided by Police Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.

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