Sending an International Payment

You can now use Regional Australia Bank's Internet Banking to reliably and conveniently send money overseas to more than 200 countries and over 40 different currencies.

What is a Telegraphic Transfer (TT)?

A Telegraphic Transfer (also known as a “Wire”) is an electronic transfer of funds directly credited to a beneficiary’s overseas bank account. A choice of more than 130 currencies is offered..

Why should I use a TT?

  • In most cases a TT is the quickest way to send funds abroad (a TT will normally take one to two business days to reach the beneficiary)3.
  • Sending a TT in the beneficiary’s currency is usually more cost effective and helps ensure the funds are credited more quickly, as the payment can go 'straight through'2.

What details do I need to send a TT?

You will need to provide full details of the receiver’s bank account, including their IBAN (International Bank Account Number) if they are in Europe. To comply with Australian Government regulations you must also provide the beneficiary’s full street address.

The list of details you will require include:

  • Beneficiary Bank Full Name
  • Beneficiary Bank Full Address
  • Account Number
  • Beneficiary's Full Name
  • Beneficiary's Residential Address
  • Purpose (Reference)

You may also need to provide some additional information when sending a Telegraphic Transfer to the following countries:

  • Europe: International Bank Account number (IBAN) – the IBAN incorporates the bank, sort code and account number
  • United Kingdom: IBAN
  • New Zealand: Bank code
  • Malaysia: National ID number or Company number
  • USA: ABA or routing code

How do I send a TT?

Internet banking

If this is your first time sending an international payment you will first need to enable international payments and one-time password. Please call 132 067 to enable this functionality. 

When you have enabled international payments in your Internet Banking simply go to 'Pay & Transfer' > 'International Payments'. Log into Internet Banking now.

Visit a Branch

You will be able to complete a TT at any of our branches. Click here to find a branch

Please Note: TT’s are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees are out of Regional Australia Bank and Western Union Business Solutions control. Given that a network of banks is used to complete your telegraphic transfer, the time it takes for your payment to be credited cannot be guaranteed.

How does a Draft work?

A Draft is like a bank cheque made out in a foreign currency. It’s another way for you to make payments and settle a transaction overseas, especially if you don’t have the receiver’s electronic bank account details. Drafts can be sent overseas via mail and are available in a wide range of currencies.

Why should I use a Draft?

  • Access to more than 25 currencies. Click here for more details.
  • Can be enclosed with letters or invoices and forwarded direct to the payee
  • Should your Draft go missing in transit, upon your notification, Western Union Business Solutions will normally be able to put a stop on it and issue a replacement. Conditions apply – See Drafts Product Disclosure Statement.
  • Offers security around payment – Drafts are a non‑negotiable instrument and can only be credited to the payee’s bank account, unless the payee has endorsed the draft.

What transfer details do I need to supply?

  • For us to arrange the draft you will need to provide us the details of the person you’re sending the money to (beneficiary).
  • Person’s full name
  • Person’s full street address
  • Any special instructions for the transfer
  • Currency and amount

How do I arrange a Draft?

Foreign exchange calculator

Planning some travel or need to send money overseas? Our partners, Western Union, have a foreign exchange calculator to give you indicative exchange rates and costs for all major foreign currencies.


This service is provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”) under its agreement with Regional Australia Bank Ltd and WUBS is the issue of the product or service referred to.

2 Western Union Business Solutions processes over 25 currencies fee-free however some exotic or other currencies may attract fees. In some instances, intermediary banks may levy additional fees and/or charges.

3 Payments are usually received by the beneficiary bank within 2 to 3 business days after receipt of funds by WUBS in accordance with payment instructions. There is no delivery period guarantee. Some currencies may take longer than others to process.

Any product or service described here is provided by Regional Australia Bank. Regional Australia Bank has entered an agreement with Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092) (“WUBS”), to engage WUBS’s services in fulfilling these products or services. WUBS is an operating division of the Western Union Company.

Fees and charges may apply, depending upon the product or service. Full terms and conditions are available here. The relationship relating to the product or service is solely between you and Regional Australia Bank. WUBS does not give any advice, general, personal or otherwise. Any advice provided, is provided by Regional Australia Bank 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.