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International Payments

Did you know that you can send money from your bank account to an overseas bank account via our International Payments Service, otherwise known as a “Telegraphic Transfer” or “Wire”. With our International Payments Service, you can send money to 200 countries and territories in over 130 currencies. Benefits to you:

  • Timely and reliable1
  • Cost-effective; you can potentially save money by sending in your beneficiary’s local currency2
What you need to send money overseas:

You will need to provide the full name of your beneficiary and full details of the beneficiary’s bank account, including their IBAN3 (International Bank Account Number) if they are in Europe.

To comply with Australian Government regulations, you must provide the beneficiary’s full street address. Include beneficiary bank’s code (sort code, SWIFT address, or routing number)2

Our everyday accounts are designed for everyday spending, whenever and wherever you are.

Foreign Draft*

A Draft is a cheque made out to your nominated recipient in a specified single currency. It’s another way for you to make payments and settle a transaction overseas.

Drafts are convenient if you do not have the recipient’s bank account details.

Potential benefits to you:
  • Send a Draft via mail
  • Drafts are available in different types of currencies
When might you use a Draft?
  • When you don’t know the recipient’s bank account details
  • When you want to send a payment by mail with a letter, card or invoice
Things to note:
  • Drafts are non-negotiable and can only be credited to the beneficiary’s bank account.
  • In certain circumstances, Drafts can be stopped if missing in transit. Western Union Business Solutions may be able to place a stop on the Draft and issue a replacement. Conditions apply.

Talk to us about the options available for you to send money overseas from any one of our branches or over the phone, by calling us on 13 19 87, visiting one of our branches, or contacting us online.

From our blog

Here's some information for you:
Newcastle Permanent Building Society Limited ACN 087 651 992, Australian Financial Services Licence/ Australian Credit Licence 238273 (NPBS) has entered into contractual arrangements with Western Union Business Solutions (Australia) Pty Limited ACN 150 129 749; AFSL 404092 (WUBS), a business unit of The Western Union Company, for the following foreign exchange and payment services:
- To assist NPBS in fulfilling Telegraphic Transfers and Foreign Cheque Conversion services, where NPBS is the provider of the services;
- To offer Drafts (foreign currency cheques) directly to NPBS members.
Please note that fees, charges and terms and conditions apply and may vary depending upon the financial product. Fee details can be found in our Foreign Currency and International Services Schedule. NPBS receives fee commissions for arranging Drafts. Full details can be found in our Newcastle Permanent Financial Services Guide.
Any advice provided by NPBS 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. 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.
*If you are seeking to acquire Drafts, it is important for you to consider the Product Disclosure Statement (PDS) (available also from any branch of NPBS) before you decide whether or not that financial product is right for you.
More information on services:
International Payments (Telegraphic Transfers):
1. Funds are usually transferred from your account by the next business day. The beneficiary bank will then allocate the funds to the beneficiary’s account. There is no delivery time guarantee. Some currencies may take longer than others to process.
2. 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.
3. 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.