Sending Money Overseas

Did you know you can send money overseas from your Qudos Bank account to an overseas bank account via electronic transfer (telegraphic transfer). Qudos Bank has teamed up with Western Union Business Solutions to bring you this efficient and economical service*.

Benefits of a Telegraphic Transfer:

• Send money to over 200 countries/territories in more than 130 currencies.
• A direct and efficient way of payment to the recipient's bank account.

How do I send money via Telegraphic Transfer?

Transferring less than $5,000
To transfer less than $5,000, you can send a Telegraphic Transfer yourself by accessing the International Transfer tab in Online Banking and following the easy step-by-step instructions.

Transferring more than $5,000 
If you want to transfer more than $5,000, we can arrange your Telegraphic Transfer for a fee² if you provide us with the below details of the person you're sending the money to (the recipient):

• recipient's full name (Note: must be full name, no initials)
• recipient's full street address (PO Box address not accepted)
• bank's name
• bank's full street address (including country)
• bank's code (sort code, SWIFT address, or routing number)
• recipient's bank account number
• IBAN^ (if applicable).

** Further information may be required for some countries**

Once you have these details ready, you can apply for a Telegraphic Transfer by sending us a Secure Mail through Online Banking, or by completing the Telegraphic Transfer Form and returning the form by:

• emailing to tt@qudosbank.com.au
• posting to Qudos Bank, Locked Bag 5020, Mascot NSW 1460
• faxing to 02 4889 2090
• dropping it into your nearest branch.

How long will the funds take to arrive?
The funds will usually arrive to the destination bank within 2-3 business days¹. Please note some currencies may take longer than others to arrive.

Calculate today's foreign exchange rate

If you need to send money overseas, Qudos Bank can arrange a foreign currency International Bank Draft to be posted to a nominated address¹.

How do they work?
A draft is like a bank cheque made out in a foreign currency. It’s another way for you to make payments and settle a transaction overseas if you don't have the electronic bank account details. Drafts can be sent overseas via the mail and are available in a wide range of currencies.

Benefits of Drafts:

• Access to over 25 currencies
• They can be enclosed with letters or invoices and forwarded direct to the payee
• A draft can be an economical method of transferring funds to a specific company or person overseas
• A draft provides security of payment as it is a non-negotiable instrument and can only be credited to the payee’s bank account, unless the payee has endorsed the draft

What details do I need to supply?
For us to arrange the draft you will need to provide us the details of the person you're sending the money to (beneficiary).

• Person's full name
• Person's full street address
• Any special instructions for the transfer
• Currency and amount

How to apply for a draft?

• Send us a secure email from within online banking
• Fill in the application form and drop it into your nearest Qudos Bank branch
• Fax us the transfer details to: 08 9477 4739