Telegraphic Transfers (TT) 

 

A Telegraphic Transfer (TT) allows you to electronically send funds directly into your beneficiary's account in a specified currency. This is the preferred method to make large value international payments as they are processed quickly, cost-effectively and securely in over 200 countries and territories.

Sending a TT

To send a TT1, you will need to complete and return the Telegraphic Transfer Order Form to fx@tmbl.com.au or contact your closest branch who will facilitate the payment for you. You will be required to provide the following information in order to process a TT with us:

  • Your street address
  • Beneficiary's name and street address
  • Beneficiary's bank account details

Receiving a TT

If you are looking to transfer funds from overseas to an Australian Mutual Bank account via Telegraphic Transfer, simply visit the 'International Funds Transfer Portal' button below which will direct you to a Convera web page containing an online form. Fill in all relevant details via the online form and hit 'submit'.

After you've submitted the form, you will then be presented with the PDF deposit instructions which you can save for your reference and send to the funds sender.

Please ask the funds sender to present the PDF instructions to their bank when sending the payment to you. The amount will need to be transferred into the dedicated Convera account as stated in the PDF instructions in local currency and not in AUD. The bank teller will need to include the “Payment Notes” in the bank’s reference field as specified in the PDF deposit instructions.

If you are looking to transfer funds from a country not listed on the International Funds Transfer portal above, you will be required to use the details below for your Transfer:

  • BENEFICIARY BANK: Cuscal Limited 1 Margaret Street Sydney NSW 2000 Australia
  • CUSCAL LIMITED SWIFT CODE: CUSCAU2SXXX
  • DOMESTIC BANK/BRANCH IDENTIFIER (BSB) and CUSCAL CLIENT NAME: 802 084 Australian Mutual Bank
  • BENEFICIARY ACCOUNT NUMBER: Account number (maximum of nine digits)
  • BENEFICIARY NAME: The name of the beneficiary
  • INTERMEDIARY BANK: You must contact the sending institution for the intermediary bank swift code by advising them that the funds will be sent on to Cuscal.

 

Please Note: International transfers via swift to your Australian Mutual Bank account must be sent in Australian currency only. If a swift transfer is sent in a foreign currency, it will be returned. International swift transfers may be processed to your account via Osko.

Enquiry Details

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Footnotes:

1. Teachers Mutual Bank Limited ABN 30 087 650 459 (The Bank) has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services offered by The Bank to its members. The relationship relating to the services described is solely between you and The Bank. The Bank has a revenue share arrangement with Convera, where The Bank receives a percentage of the foreign exchange margin revenue and transaction fee revenue (where applicable) for the relevant foreign exchange or payment service. Please refer to our Financial Services Guide and Fees and Charges, available on our website at australianmutual.bank or by calling us on 13 61 91 to request a copy or by visiting a branch.