Telegraphic Transfers

Do you need to send money overseas or receive an international payment from family, friends or business suppliers? QBANK can facilitate sending and receiving money around the world for transactions of any amount, in a quick, reliable and affordable way. Powered by Convera, you can transfer money to 200 countries, in more than 130 currencies via Telegraphic Transfer.


Online International Transfers

You can use our desktop internet banking service to send money overseas reliably and conveniently. Simply login to internet banking via your desktop computer, laptop or tablet and go to Transfer Funds, then International Transfers and follow the instructions.

If you require assistance, please contact our Member Service Team on 13 77 28 Monday to Friday 8:45am – 4:30pm.

Please be aware that in order to use our internet banking service for online International Transfers you will need to enable SMS One Time Passwords for added security.


Frequently Asked Questions

An outward Telegraphic Transfer (also known as a "Wire") is an electronic transfer of funds directly credited to a beneficiary's overseas bank account. A choice of more than 130 currencies is offered.

In most cases a TT is the quickest way to send funds abroad. In addition, a TT is an economical way to send large amounts of money. The option of sending to 200 countries and territories is available.

You can use internet banking to complete an overseas funds transfer (see above) or complete a Telegraphic Transfer Request form which can be found here.

An International Transfer will usually take two to three business days to reach the beneficiary, although this does depend on the banks involved, the currency and country.

TT's are sent via a network of correspondent banks which sometimes levy a small handling charge on your payment. Any such fees are beyond QBANK and Convera control.

Sending a TT in the beneficiary's currency is usually more cost effective and helps ensure the funds are credited more quickly, as the payment can go "straight through". In addition, you generally receive greater certainty on your payment i.e. you effectively “lock-in” the exchange rate and know exactly how much is being transferred.

If you send an outward TT in AUD you may not know what a foreign bank will charge and what foreign exchange rate they will apply. Hence, it may not be possible to find out how much will be credited to the beneficiary’s account.

For these reasons we generally suggest sending funds in Australian Dollars only if the beneficiary holds an AUD account with the overseas bank. In all other cases, we suggest funds should be sent in the beneficiary’s (i.e. payee’s) local currency.

If you pay for a TT by credit card it may be difficult to determine how much it will ultimately cost you after foreign exchange and other fees are applied to your transaction by the correspondent banks. You will only find out when you see the final cost on your credit card statement.

You will need to provide your full name and residential address. You will also need to provide full details of the beneficiary including name, residential address, receiving bank and bank account. In some cases confirmation of the payment purpose and/or other details may be required.

A special International Bank Account Number (IBAN) is required for transfers to the UK and  Europe.   This may be obtained from the beneficiary.  

In order to send a TT, you must complete all sections of the order form.  Please enter full street addresses (PO Box addresses are not acceptable).  No symbols can be used in the beneficiary name.

An Inward Telegraphic Transfer (also known as an "Inward Wire") is an electronic transfer of funds directly credited to your account from an overseas remitter. In most cases, a TT is the quickest way to receive funds from abroad taking usually two to three business days to be credited to your account depending on the network of banks involved.

The remitter should send the funds in their own currency, and Convera will convert these into Australian Dollars before forwarding to QBANK for credit to your account. Funds can be sent in a range of currencies.

  • Better value for you - you are not charged a beneficiary deduct fee, so you will receive the full amount of your incoming payment.
  • Better value for senders - the transaction is completed as a local transfer.
  • Peace of mind - you can be confident that their payments are being handled by foreign exchange specialists with reliable systems ready to deliver payments fast.
  • Wide range of currencies.
  1. Fill out this form
  2. Choose the country you are receiving funds from.
  3. Complete the relevant information in the online form and submit.
  4. You will then be presented with the PDF deposit instructions. Please save it for your reference and email it to your payer to follow payment instructions.
  5. Ask the sender to present these instructions to their bank when sending the payment to you. As stated in the instructions, ask to deposit the amount into the dedicated account in local currency and not in AUD.


Contact Us

QBANK has entered into certain contractual arrangements with Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092) trading as Convera whereby Convera assists in fulfilling certain foreign exchange and payment services offered by QBANK to its customers. QBANK receives a rebate from Convera in relation to the relevant foreign exchange and payment service.

International Telegraphic Transfer terms and conditions apply.