How do I transfer money overseas?
To transfer money to someone overseas you will need the following information;
- Transfer amount and required currency
- Beneficiary name
- Beneficiary address (full street address is mandatory)
- Bank sort code/SWIFT address/chips/routing number
- Beneficiary account number
- IBAN (this is mandatory for transfers sent to the United Kingdom or European Union)
- Bank name
- Full bank address (full street address is mandatory)
- Any special instructions
To process your payment through Internet Banking, simply select ‘Transfer/Pay’ from the main menu, followed by ‘International Transfer’. The default daily limit for this service is $1,050AUD. This limit can be increased to a maximum limit of $10,050, simply contact us on 13 25 85 or by one of the below options for assistance.
- From Internet Banking, select ‘Services’ in the top menu, then ‘Secure Mailbox’. Please be aware that you will require a Secure SMS or VIP Token code to access Secure Messages.
- If you have a Telephone Access Passcode, please call us on 13 25 85.
- Visit a branch in person with identification.
Alternatively you can visit a branch or call 13 25 85 to have a consultant process your International Transfer for a $25 fee.
What details do I need to provide if someone is transferring me money from overseas?
We currently offer an incoming payment service through Western Union. This service allows the sending bank to transfer the funds as a domestic transfer, from their account to a local Western Union account.
To arrange your payment you can complete the online form. This form will provide you with the payment details, and a print friendly copy of the transfer instructions for the sending bank
Your incoming payment will take approximately 3 business days to credit your account, and will be available to you immediately. A $4.00 fee will be debited to cover incoming international payment charges.
Alternatively you can provide the following details;
Bank name: Beyond Bank
Bank address: 100 Waymouth St Adelaide SA 5000
SWIFT Code: CUSCAU2SXXX
Branch No: 805-022
Account No: Your membership number
Account Name: Your name
IBAN: This is our BSB 805-022 followed by your membership number, as one number.
An incoming international payment incurs a fee of $8.00. Please also be aware that third party fees may be charged by intermediary financial institutions.
How long does it take to process an International Money Transfer?
Your incoming international payment will usually take 4 - 5 business days to credit your account and will be available to you immediately. It can take up to 10 days in total.
What is my bank’s (BIC) or SWIFT code?
What’s an international transaction fee?
For payments processed via Internet Banking the fee charged is $15.00. For payments processed by our Member Contact Centre or local Branch the cost will be $25.00 if sent in the foreign amount or $55.00 if sent in Australian Dollars. Please also be aware that third party fees may be charged by intermediary financial institutions for both outgoing in coming transfers.