There are lots of reasons why you might send or receive money overseas. You may have purchased a property, be buying supplies for your business, or perhaps a relative sent you some cash to celebrate your birthday. Whatever the case, our Telegraphic Transfer service, powered by Convera, is a quick and cost-effective way to move money around the world.

Telegraphic Transfers are sometimes known as TTs, wire transfers or international money transfers. Our services allow you to send over 130 different currencies direct to a beneficiary’s bank account in over 200 countries and territories. In most cases, the funds will take no longer than two or three business days to arrive at the destination bank1.

Why use a Telegraphic Transfer?

Telegraphic Transfers can also offer exchange rate transparency. When you initiate an outgoing Telegraphic Transfer, in foreign currency rather than Australian dollars, you will know from the outset what the exchange rate is. So, if you’re sending money overseas, you will know how much you are paying in Australian dollars, and how much will reach your beneficiary in their local currency .

What’s more, our Telegraphic Transfer service is powered by Convera which has one of the largest global networks of bank accounts. This means we aim for your funds to reach its destination in the most efficient way possible, which helps reduce the amount of fees deducted from the transaction, especially when sent in the local currency of the receiving country2.

How do I send a Telegraphic Transfer?

Sending a Telegraphic Transfer is easy. For transfers 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*.

To transfer more than $5,000, you will need to complete a Telegraphic Transfer form which you can send to us via your Online Banking or by dropping into your nearest branch.

1 While funds are typically delivered in two to three business days, exotic currencies or some countries may take longer to deliver. Please note there are no delivery period guarantees. Delays may be experienced with allocation of funds to the beneficiary account by the beneficiary bank

2 In some cases, intermediary or beneficiary banks might deduct a fee which is outside of our control.

*Transfer fees apply. See our Fees and Charges brochure for more information

Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305 ("Qudos Bank”) has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services. The relationship relating to the services described (other than Drafts) is solely between you and Qudos Bank. Qudos Bank has arranged for Drafts to be offered directly to you by Convera. If you are seeking to acquire Drafts, it is important for you to consider the Product Disclosure Statement (“PDS”) and any other relevant Convera documents before you decide whether or not Drafts are the right financial product for you. The Drafts PDS is available from Qudos Bank or on the Compliance & Legal section of the Convera website (

Any advice provided by Qudos Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Convera does not give you any advice, general, personal or otherwise. Qudos Bank has a revenue share arrangement with Convera, where Qudos Bank receives a percentage of the foreign exchange margin revenue and fee revenue (where applicable) for the relevant foreign exchange or payment service.  See Qudos Bank’s Financial Services Guide for more detail. Fees and charges and terms and conditions apply. It is important for you to consider the relevant terms and conditions and Qudos Bank's Financial Services Guide and Fees & Chargers brochure before you decide whether or not this financial product is right for you.

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