Telegraphic Transfers

You can send money overseas from your G&C Mutual Bank account to an overseas bank account via our International Payments Service, otherwise known as a telegraphic transfer (TT) or electronic transfer “Wire”.

How do I send a TT?

You can easily make a TT using Online Banking. Simply log on, go to “Payments” tab and select “International Transfers”. The country specific information and ‘help text’ will guide you through your transfer from start to finish.

Alternatively, you can contact our Member Service team or visit one of our Service Centres.

Funds are usually received within 2-3 working days¹ and you can send the funds in your beneficiary’s local currency.

Send money overseas now through Online Banking.

What details do I need to send a TT?

To send money overseas using a TT, you will need:

• The full name of your beneficiary
• The full details of the beneficiary’s bank account, including their IBAN² (International Bank Account Number) if they are in Europe.
• The beneficiary bank’s code (sort code, SWIFT address, or routing number)³

To comply with Australian Government regulations, you must provide the beneficiary’s full street address.

G&C Mutual Bank has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services.  The relationship relating to the services described is solely between you and G&C Mutual Bank. Fees and charges may apply, please refer to the terms and conditions issued by G&C Mutual Bank. Any advice provided by G&C Mutual Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. 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.

1. 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.

2. 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.

3. 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.