Transferring funds overseas
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We can help you transfer funds worldwide by arranging an International Money Transfer (telegraphic transfer) to any nominated overseas bank account. Transfers are sent in the currency of the destination country and they are a quick method of sending funds overseas. You can only send a currency other than the one used in the destination country if the recipient has an account in the other currency.
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International Money Transfers offer a number of advantages:
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- More secure than sending a payment by means such as a cheque.
- Funds reach their destination quickly – usually within 48-72 hours.
- Cleared funds are provided to the recipient as soon as they are credited to their account.
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Care needs to be taken if the transfer is for the payment of goods or services. Frequently, the receiving bank will take a fee from the funds transferred and the recipient will not receive the full amount.
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Transferring funds from overseas to your EECU account
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We can also receive International Money Transfers from overseas for depositing funds into an EECU account. Simply arrange it with your overseas bank/financial institution. They will need the following information for identifying EECU and your account:
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| | | National Australia Bank
255 George Street
Sydney NSW 2000 Australia
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| BSB/Bank Code
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| | | | | | Your EECU details must be included
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| | For final credit to (enter your full name and membership number) |
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Please note that an IBAN is NOT required for Australian banks
| Provide EECU with details of the sender, date and amount of the remittance when it has been sent. This allows us to monitor the receipt of the funds.
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