Telegraphic Transfer – Receiving

Bank of Heritage Isle can assist you when receiving payments from overseas in a foreign currency. We can help you determine the best way to handle these payments and provide the services to deposit them into your Bank of Heritage Isle Account.

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.

What do I need to do to receive money to my account?

Please Note: You will need to complete these 5 steps on every occasion you are receiving money.

1. Click on the link below – Receive money from overseas through our partnership with Western Union Business Solutions.

2. Choose the country you are receiving funds from.

3. Complete the relevant information in the online form and submit.

4. You will be then presented with the PDF deposit instructions. Please save it for your reference and email it to your payee/ follow payment instructions.

5. Ask the sender to :

present these instructions to their bank when sending the payment to you;
deposit the amount into the dedicated account as stated in the instructions in local currency and not in AUD;
instruct bank teller to include the “Payment Notes” in the bank’s reference field as specified in the PDF deposit instructions;
please request your remitter (sender) email you a copy of the bank transfer receipt showing the date, amount and transaction number. This information maybe of assistance in locating the transaction (if required).

Receive money from overseas

Terms & Conditions

The issuer of the Telegraphic Transfers is Western Union Business Solutions (Australia) Pty Limited ABN 24 150 129 749 AFSL Number 404092 .

Please consider the following when requesting a TT:

Fees may be associated with this Telegraphic Transfer (TT) request and that in sending the TT, Border Bank uses correspondent, intermediary banks to forward and process the transfer request.
The correspondent, intermediary and beneficiary banks may impose their own additional fees which may be deducted from the amount received by the nominated Beneficiary.
The payment is undertaken at the sender’s risk and that Border Bank and/or their affiliates and/or their agents accept no liability whatsoever for any delay, mistake, misinterpretation of instruction or omission which may occur with this TT.

Western Union Business Solutions Terms and Conditions

What do I need to do to receive money to my account?

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