You can send money overseas from your G&C Mutual Bank account to an overseas bank account via our International Payments Service, otherwise known as a telegraphic transfer or electronic transfer “Wire”. Funds are usually receive within 2-3 working days1 and you can send the funds in your beneficiary’s local currency.
If you can’t make it into a Service Centre, or need to send money overseas on the fly, you can easily make a TT using Online Banking. Simply log on, go to “Payments” tab and select “International Transfers”. The country specific information and ‘help text’ will guide you through your transfer from start to finish.
You will need to provide the full name of your beneficiary and full details of the beneficiary’s bank account, including their IBAN^ (International Bank Account Number) if they are in Europe.
To comply with Australian Government regulations, you must provide the beneficiary’s full street address.
Include beneficiary bank’s code (sort code, SWIFT address, or routing number)**
Western Union Business Solutions is a business unit of The Western Union Company. In Australia, Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092) is the provider of certain foreign exchange and payment services and products to Financial Institutions.
This communication has been prepared solely for informational purposes and does not in any way create any binding obligations on any person. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
G&C Mutual Bank has engaged Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092) (“WUBS”) to assist with International Payments. Western Union Business Solutions is a business unit of The Western Union Company.
Please note that fees, charges and terms and conditions apply and may vary depending upon the financial product.
1. Funds are usually received by the beneficiary’s bank in 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery guarantee. Some currencies may take longer than others to process.
**Please note that International Payments are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
^ IBAN is used in some countries to uniquely identify a customer’s bank account. An IBAN is necessary for payments being sent from Australia to an IBAN mandatory country.