Telegraphic transfers in Bendigo Bank

Bendigo Bank offers telegraphic transfers (TTs) for both personal and business customers, enabling secure international payments in over 25 currencies. Whether you're sending funds abroad or receiving international payments, here's how you can initiate a TT and what to expect.

How to Make a Telegraphic Transfer

You can arrange a telegraphic transfer through the following methods:

• e-Banking: Log in to your Bendigo Bank e-banking account and navigate to the "Move Money" section to initiate a TT.
• Branch Visit: Visit your nearest Bendigo Bank branch to request a TT in person.
• Phone: Call Bendigo Bank's customer support at 1300 236 344 to arrange a TT over the phone.

Telegraphic Transfer Fees

When sending a telegraphic transfer, the following fees apply:

• Sending Fee: A fee of $30 AUD is charged for each outgoing TT.
• Receiving Fee: A fee of $2 AUD applies for payments received in AUD. For payments received in foreign currencies, a fee of $10 AUD applies.
• Additional Charges: Intermediary banks may deduct additional fees from the transferred amount.

These fees are outlined in the Schedule of Fees, Charges and Transaction Account Rebates.

Required Information for Telegraphic Transfers

To process a telegraphic transfer, you will need to provide the following details:

• Beneficiary's Name: The full name of the person or entity receiving the funds.
• Beneficiary's Address: The complete address of the recipient.
• Beneficiary's Bank Details: The name, address, and SWIFT/BIC code of the recipient's bank.
• Account Number: The recipient's account number where the funds will be deposited.

Processing Times

Telegraphic transfers are typically processed on the same business day if submitted before the daily cut-off time. Transfers submitted after the cut-off time or on weekends and public holidays will be processed on the next business day. Please refer to the Move Money page for specific cut-off times.

Foreign Exchange Rates

When sending funds in foreign currencies, Bendigo Bank applies a foreign exchange rate to convert the amount. The exchange rate used is the rate applicable at the time the transfer is processed. For an estimate of the exchange rate and the amount the recipient will receive, you can use the Foreign Exchange Calculator.

Contacting Bendigo Bank

If you encounter any issues or have questions about your telegraphic transfer, you can contact Bendigo Bank's customer support at 1300 236 344 or visit the Contact Us page on their website for more options.