Need to send money overseas?

The Mac has you covered when it comes to sending funds internationally. We can send funds via our Telegraphic Transfer service, powered by Convera to your beneficiary,

Did you know that you can send money from your bank account to an overseas bank account via our International Payments Service, powered by Convera, which is otherwise known as a Telegraphic Transfer or ‘wire’. You can send money to 200 countries and territories in over 140 currencies.

 

Benefits to you:
  • Funds are normally credited within 2.3 business days1
  • No surprise overseas bank fees2
  • 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 us with the full name of your beneficiary and full details of their 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. You also need to provide the beneficiary’s bank code (sort code, SWIFT address or routing number)2

1 Funds are usually received by the beneficiary’s bank in 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery 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.

The Mac (Macarthur Credit Union Ltd) has appointed Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092), trading as Convera to assist in fulfilling certain foreign exchange and payment services. These services are provided to you by The Mac.

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.