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Telegraphic Transfer

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Send money overseas with a Telegraphic Transfer

  • Send funds via My ViewPoint (MVP) Internet Banking
  • Available in a wide range of currencies
  • Quick and easy

A telegraphic transfer is an electronic credit of funds into an overseas bank account. Transfers are available in a wide range of currencies.

Transfers are sent via a network of correspondent banks. 

If you want some guidance when sending a Telegraphic Transfer via My ViewPoint (MVP) Internet Banking please see our International Payments Guide.

If the funds are needed urgently, a telegraphic transfer is normally your best money transfer option.

LCU takes its Anti Money Laundering & Counter Terrorism responsibilities very seriously. As a result, you must provide us with an address of the sender and receiver of your transfer, as well as all the account details you want to send the funds to. A new requirement is that, for all transfers to European countries, you must tell us the IBAN (International Bank Account Number) of the receiver.

  Additional information

Questions?

If you have any questions, please contact us.

© 2021 Western Union Holdings Inc. All rights reserved.
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) (“WUBS”) is the issuer of the financial products (if any) referred to in this communication. A product disclosure statement is available for each of the financial products that WUBS issues (if any) and can be obtained by visiting https://business.westernunion.com/en-au/compliance-legal/compliance. Before you decide to acquire a financial product from WUBS you should read and consider the relevant product disclosure statement. This communication has been prepared solely for informational purposes and does not in any way create any binding obligations on either party. Relations between you and WUBS shall be governed by the applicable terms and conditions provided to you before you trade. No representations, warranties or conditions of any kind, express or implied, are made in this communication. This communication is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject WUBS and/or its affiliates to any registration or licensing requirement within such jurisdiction.
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.
Laboratories Credit Union Ltd has entered into arrangements with Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092), trading as Western Union Business Solutions (“WUBS”) whereby WUBS offers Drafts directly to our members. Other financial products are provided to you by us. We have appointed WUBS to assist in facilitating some financial products. Please note that fees, charges and terms and conditions apply and may vary depending upon the financial product. If you are seeking to acquire Drafts, it is important for you to consider the Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not that financial product is right for you.
Any advice provided is general in nature and does not take into account your personal objectives, financial situation or needs. WUBS does not give you any advice, general, personal or otherwise. Any advice provided, is provided by us or your adviser. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication. WUBS is a business unit of the Western Union Company.
 

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