International money transfers

International money transfers make sending money to an overseas account simple and secure, and you've got two options to choose from.

International direct credits

International direct credits are a great way to send money overseas because the full amount you send will arrive in the account you send the money to, with no fees deducted. This makes them different to telegraphic transfers, where banks may deduct processing fees.

Features

  • The full amount you send will arrive in the account you send the money to
  • It takes three to five business days for the money to arrive, depending on the country you're sending the money to
  • If you regularly send money overseas to the same account, you can save time by saving the payee in internet banking
  • Can only be made to a bank account, and not to a credit card
  • Currently only available to accounts in the UK in UK£, Australia in AU$, and the United States in US$. Other countries will be available in the future.

There are three ways to send a direct credit:

View fees for making a direct credit

View details required by different countries for making international payments

Please note:

With an international direct credit, you can’t include extra information to appear in the recipient’s bank statement e.g. invoice number, a message, reference number.

When you send a direct credit to the US, your name won’t appear on the receiver’s bank statement. We strongly recommend that you contact the receiver to let them know the details of the payment so they can identify it on their statements. If you can’t do this, it might be better to make the payment by telegraphic transfer.

Telegraphic transfers

This is the fastest way to get money to an overseas account. The money should arrive in two to three business days for most countries, though the final delivery time is up to the recipient's bank.

Features

  • Money usually arrives within two to three business days of sending
  • reference details can be included with the payment so it can be easily identified in the recipient's bank statement
  • If you regularly send money overseas to the same account, you can save time by saving the payee in internet banking

Be aware that other banks involved in processing the transfer may deduct fees, so the full amount you send may not be credited to the recipient's account.

You can send a telegraphic transfer by:

View fees for making a telegraphic transfer.

View details required by different countries for making international payments