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.

  • 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 information needed to make an international money transfer.

International direct credits

International direct credits are a great way to send money overseas to family and friends because the full amount you send will arrive in the account you send the money to, with no fees for the recipient i.e. what you send is what they get. This makes them different to telegraphic transfers, where banks may deduct processing fees.

Please note: With an international direct credit, you can’t include information to appear on the recipient’s bank statement e.g. invoice number, a message, reference number. Direct credits cannot be sent to a credit card and may not be suitable to send money to an overseas business.

  • 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.

  • Can only be made to a bank account, and not to a credit card.

  • Only available to accounts in the UK in GBP, Australia in AUD and Canada in CAD.

There are three ways to send a direct credit:

View fees for making a direct credit.

View information needed to make an international money transfer.