Did you know you can send money overseas from your Qudos Bank account to an overseas bank account via electronic transfer (telegraphic transfer). Qudos Bank has teamed up with Western Union Business Solutions to bring you this efficient and economical service.

Benefits of a Telegraphic Transfer:

  • Send money to over 200 countries/territories in more than 130 currencies.
  • A direct and efficient way of payment to the recipient's bank account.

What is the exchange rate?

To calculate today's foreign exchange rate, use Western Union's Foreign Exchange Rates calculator for an estimate. 

How do I send money via Telegraphic Transfer?

You can arrange a Telegraphic Transfers less than $5,000 yourself through Online Banking, for a fee2.

Online Banking

Select 'International Transfer/Pay' then 'International Transfer' and follow the prompts

Online Banking portal showing Transfer/Pay and then International Transfer

Qudos Bank App

Select 'Pay' then 'International' in the menu

We can help you arrange Telegraphic Transfers over $5000 for a fee2. The details of the person you are sending to will be needed before completing the form:

  • recipient's full name (Note: must be full name, no initials)
  • recipient's full street address (PO Box address not accepted)
  • bank's name
  • bank's full street address (including country)
  • bank's code (sort code, SWIFT address, or routing number)
  • recipient's bank account number
  • IBAN^ (if applicable).

** Further information may be required for some countries**


How to apply to send a Telegraphic Transfer:

Download and complete our Telegraphic Transfer Form, you can return the form by:

How long will the funds take to arrive?

The funds will usually arrive to the destination bank within 2-3 business days1. Please note some currencies may take longer than others to arrive.

If you need to send money overseas, Qudos Bank can arrange a foreign currency International Bank Draft to be posted to a nominated address1.

How do they 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 if you don't have the electronic bank account details. Drafts can be sent overseas via the mail and are available in a wide range of currencies.


Benefits of Drafts:

  • Access to over 25 currencies
  • They can be enclosed with letters or invoices and forwarded direct to the payee
  • A draft can be an economical method of transferring funds to a specific company or person overseas
  • A draft provides security of payment as it is a non-negotiable instrument and can only be credited to the payee’s bank account, unless the payee has endorsed the draft


What 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).

How to apply for a draft:

Next steps

Helpful Tips and Guides


Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305 ("Qudos Bank”) has entered into contractual arrangements with Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092) trading as Western Union Business Solutions (“WUBS”), to assist it in fulfilling certain foreign exchange and payment services. The relationship relating to the services described (other than Drafts) is solely between you and Qudos Bank. Qudos Bank has arranged for Drafts to be offered directly to you by WUBS. 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 Drafts are the right financial product for you. The Drafts PDS is available from Qudos Bank or on the compliance section of the WUBS website (http://business.westernunion.com.au).

Any advice provided by Qudos Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. WUBS does not give you any advice, general, personal or otherwise. Qudos Bank has a revenue share arrangement with WUBS, where Qudos Bank receives a percentage of the foreign exchange margin revenue and fee revenue (where applicable) for the relevant foreign exchange or payment service.  See Qudos Bank’s Financial Services Guide for more detail. Fees and charges and terms and conditions apply. It is important for you to consider the relevant terms and conditions and Qudos Bank's Financial Services Guide and Fees & Charges brochure before you decide whether or not this financial product is right for you.

1. Funds are usually received by the beneficiary bank within 2 to 3 business days however delays may be experienced with allocation of funds to the beneficiary account by the beneficiary bank. There is no delivery period guarantee. Some currencies may take longer than others to process.

2. For the Transfer Fee please see our Fees & Charges brochure or call us on 1300 747 747 for more details.

^ 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.