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International telegraphic transfers - Travel & foreign exchange

International telegraphic transfers

A Telegraphic Transfer (TT) is a secure and convenient electronic transfer of funds to a nominated overseas account at another financial institution.

Note: For information on how to send/purchase an International TT, please see relevant section below.

Key features

Convenience
International TTs are able to provide a secure transfer of foreign funds at competitive exchange rates or Australian Dollars.
Multiple currencies available

Through ANZ Internet Banking, ANZ offers more currencies than any other Australian bank1, which means you can send money to over 50 countries across the globe in the destination currency. For a full list of currencies available, please refer to International Services in ANZ Internet Banking.

International TTs are also available in a wide range of currencies through ANZ branches and ANZ Foreign Exchange Centres.

Sending an International TT

In order to send an international TT, you will need to provide the beneficiary’s name, address and account number, as well as the beneficiary’s bank details (including full branch address or the SWIFT BIC code).

For payments to Europe and the UK, you must also provide an International Bank Account Number (IBAN). For more information, please refer to our Frequently Asked Questions.

Receiving an International TT
To receive a TT from an overseas bank into your ANZ account in Australia, you will need to provide the overseas sender with your ANZ account name, your BSB (the first six numbers that appear before your account number) and account number and the Australian ANZ SWIFT Code (which is ANZBAU3M).

Who would use this product?

Individuals, small businesses and corporates who need to send foreign currency overseas in a timely and secure manner.

How to send an International Telegraphic Transfer

ANZ offers International TTs through a variety of channels.

What fees are involved?

Please refer to the ANZ Personal Banking General Fees and Charges (PDF 312 kB) document.

Receiving money from overseas

ANZ can assist you when receiving payments from overseas in Australian dollars or in a foreign currency. We can help you determine the best way to handle these payments and provide the services to clear them to your ANZ account(s).

In general, the quickest and most convenient way for someone to send you funds from overseas is via a Telegraphic Transfer. If you're receiving a large amount of money, we recommend you request a Telegraphic Transfer for security and speed. You will need to provide the sender with your account details (BSB and account number) and ANZ's SWIFT code (ANZBAU3M).

If you've received a foreign currency cheque, you may have it deposited into your ANZ account. Conditions and fees may apply.

Most international bank drafts coming into Australia will be in a foreign currency, but some may be in Australian Dollars. Drafts can generally be deposited into your ANZ account (although this process may take longer if the draft is in a foreign currency that needs to be returned to the country of origin for clearing). Fees may apply.

For further assistance, you can contact ANZ's dedicated International Payments Support Centre on 1800 681 683 (free call) or outside Australia on + 61 3 9277 2499 (call costs apply).

International payments FAQs

1. What is an International Telegraphic Transfer?

A Telegraphic Transfer (often abbreviated to TT) is an electronic transfer of funds to an overseas account at another financial institution.

Please refer to the International Telegraphic Terms and Conditions (PDF 68kB) document for the International Telegraphic Transfer application form.
2. What information is required to send an International Telegraphic Transfer?

To send an International Telegraphic Transfer, you will need to provide the beneficiary’s name, address and account number and the beneficiary bank details (including full branch address or the SWIFT BIC code).

For payments to Europe and the UK, you must also provide an International Bank Account Number (IBAN).
3. How can I send an International Telegraphic Transfer?

There are three convenient ways in which you can send your money overseas.

1. ANZ Internet Banking - International Telegraphic Transfers can be purchased online via the International Services tab in ANZ Internet Banking using an ANZ transaction account or ANZ credit card account.

To register for ANZ Internet Banking, you'll need a Customer Registration Number (CRN) and Telecode.

If you do not have a CRN and Telecode, please call 13 33 50 (International callers dial +61 3 9683 8833)  24 hours, 7 days a week.

Please refer to Internet Banking – transferring funds overseas FAQs for additional information.

2. ANZ Phone Banking - International Telegraphic Transfers can be purchased using an ANZ transaction account via ANZ Phone Banking.

To begin enjoying the convenience of ANZ Phone Banking, you will need:

  • a touch tone phone
  • one or more linked ANZ accounts
  • a CRN and Telecode.

To obtain your registration information, simply call 13 13 14 and a Customer Service Officer will be happy to assist you in getting started.

3. ANZ Foreign Exchange Centres - ANZ account holders can purchase International Telegraphic Transfers at ANZ Foreign Exchange Centres.

4. ANZ branches - International Telegraphic Transfers can be purchased using an ANZ transaction account or ANZ credit card at all ANZ branches.

Please refer to the International Telegraphic Terms and Conditions (PDF 68kB) document for the International Telegraphic Transfer application form.
4. How much does it cost to send an International Telegraphic Transfer?
5. When will the beneficiary receive payment?

The transfer should reach the beneficiary bank within three bank business days. It may take longer for the beneficiary bank to transfer the money into the beneficiary’s bank account.

ANZ is unable to guarantee this timeframe as there may be delays due to circumstances beyond ANZ’s control, including public/bank holidays.
6. What is an International Bank Account Number (IBAN)?

An IBAN is an International Bank Account Number that is used for International payments to countries in the European Union. It identifies a European Bank account and IBANs start with a two (2) letter country code and contain between sixteen (16) and thirty-four (34) letters and numbers. The length of an IBAN will differ depending on the country, but its length must be fixed for any given country.

With every payment to the European Union you must also supply the SWIFT (or BIC) address of the beneficiary bank. This identifies the head office of the beneficiary bank so your payment can be effected without delay.

If you do not have an IBAN or SWIFT BIC address, please request them from your beneficiary before proceeding with a Telegraphic Transfer.

The IBAN should be presented as a continuous string of alphanumeric characters i.e. GB29NWBK60161331926819

Lengths and formats of IBANs across Europe

When completing payment instructions, please ensure that the beneficiary’s IBAN corresponds in length to the IBAN length as indicated in the following example table:

European IBAN Formats – examples only
Country Number of characters Example of IBANs per country
France 27 FR1420041010050500013M02606
Germany 22 DE89370400440532013000
Italy 27 IT60X0542811101000000123456
Norway 15 NO9386011117947
Poland 28 PL27114020040000300201355387
Spain 24 ES8023100001180000012345
Switzerland 21 CH9300762011623852957
United Kingdom 22 GB29NWBK60161331926819
7. What is a SWIFT or bank identifier code (BIC) code?

A SWIFT (or BIC) code is the unique identification code of a particular bank. SWIFT codes are used when transferring money between banks for International Telegraphic Transfers.

Bank Identifier Codes are commonly known as SWIFT (or BIC) codes.

The ANZ SWIFT code is ANZBAU3M.
8. How do I obtain a SWIFT code?
The beneficiary’s bank can provide the appropriate SWIFT code in order to enable an International Telegraphic Transfer to reach the overseas account. Alternatively, SWIFT / Bank Identifier Codes can be looked up on the SWIFT website www.swift.com.
9. What is a routing number?
A routing number is a nine digit bank code used in the United States to identify a financial institution, it is also commonly known as an ABA or Fedwire number. Routing numbers are always nine (9) digits in length. You will need to request the routing number for your international transfer from the beneficiary.
10. What is anti-money laundering and counter-terrorism financing (AML/CTF)?
In December 2006, new anti-money laundering and counter-terrorism financing (AML/CTF) legislation was passed in Australia. This new legislation requires financial institutions to implement new policies, procedures and reporting standards to better identify, mitigate and manage risks associated with money laundering and terrorist financing activities.

1. True as at 01/05/09.

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.

ANZ recommends you read the Product Disclosure Statement and the Financial Services Guide before acquiring the product.

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