Telegraphic transfers

Essentials

Essentials

Fast convenient funds transfer with our new online service

Telegraphic transfers are electronic payments of cleared funds that are credited directly to a nominated bank account. It's a fast and reliable way for you to make international payments almost anywhere in the world.

Overseas payments online

Telegraphic transfers are now even faster because you have the convenience of our online Overseas Payments service. All you have to do is:

Sign in to Business Online Banking
Select 'Overseas' from the list of options and follow the simple steps.

Benefits

Online overseas payments can be made 24/7 ¹
You can monitor cleared funds credited to your account from the convenience of your home or office.

Did you know?

In 2011, Money Magazine has awarded Westpac the prestigious 'Business Bank of the Year" award for the fourth year in a row.

Things you should know

Credit facilities are subject to application and the Bank's normal lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the Terms and Conditions for all the products and services which do not have a Product Disclosure Statement are available on application.
1. Subject to system availability.
2. National and country holidays excepted

Foreign exchange Our FX experts have developed a comprehensive range of FX risk management solutions, designed to help you focus on your business.
- FX Transactions
  Can provide your business with full protection against unfavourable foreign exchange movements.
  
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- FX Forwards
  Can protect against unfavourable exchange rate movements and provide some ability to participate in favourable exchange rate movements.
  
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- FX Option
  In addition to protection against unfavourable movements, you can participate in favourable currency movements.
  
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- FX Asian Transactions
  Can protect your business against unfavourable Asian currency exchange rate movements.
  
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Cash flow management Make payments from your onshore and offshore accounts, receive customer payments and obtain electronic balance and statement information.
- Foreign currency accounts
  We provide a number of services for foreign currency accounts, including making payments from your on and offshore accounts.
  
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- Foreign currency overdraft
  We can support your import or export business by facilitating an onshore overdraft in most major currencies.
  
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- Telegraphic transfers
  If you need to make payments overseas, telegraphic transfers are a fast, convenient way to make sure your funds get to where they need to be.
  
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Export services The right export resources can help you manage the challenges and reap the rewards of exporting.
- Export documentary collection
  Let us manage your export documents - you’ll find this process is more cost effective than a documentary letter of credit.
  
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- Export documentary letter of credit
  We check that the terms and conditions of the documentary credit have been complied with, before forwarding documents to the buyer's bank.
  
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- Export collection negotiations
  We can provide post-shipment finance by negotiating (or buying) the bill of exchange for up to 100% of its face value.
- EFIC Export Working Capital Guarantee
  If you're a small to medium exporter, we can assist you with the general working capital you need.
  
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Import services A range of end to end solutions to help you better manage your importing and foreign currency payment needs.
- Import documentary collection
  We can help you with your import documentary collection. Our process is more cost effective than documentary credits and lets you devote more...
- Import documentary letter of credit
  A formal undertaking by Westpac to pay your supplier provided they meet the terms and conditions of the documentary credit.
  
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Westpac Trade Finance Our trade finance facilities offer attractive interest rates and are available in most major currencies.
- Westpac Trade Finance
  Trade finance is available for your business in most major currencies. Use our services to finance your shipment of goods.
  
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All international trade

International trade