A telegraphic transfer (also known as a “wire”) is an electronic transfer of funds directly credited to a beneficiary’s overseas bank account. A choice of more than 130 currencies is offered.

Sending a telegraphic transfer

In most cases a TT is the quickest way to send funds abroad (a TT will normally take one to two business days to reach the beneficiary).

Sending a TT in the beneficiary’s currency is usually more cost effective and helps ensure the funds are credited more quickly, as the payment can go “straight through”.

What you'll need

You will need to provide full details of the receiver’s bank account, including their IBAN (International Bank Account Number) if they are in Europe.

To comply with Australian Government regulations you must also provide the beneficiary’s full street address.

Please note that TTs are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees are totally out of Queensland Country Bank and Western Union Business Solutions control. Given that a network of banks is used to complete your telegraphic transfer, the time it takes for your payment to be credited cannot be guaranteed.

Transferring funds with a Telegraphic Transfer

If you have decided that a TT is the payment method for you, simply call into your local Queensland Country Branch today and our friendly staff will help you.

Costs and fees

Service Price
Telegraphic transfer in foreign currency $30.00 per transfer
Telegraphic transfer in AUD $50.00 per transfer
Trace $80.00*

* Traces will be conducted free of charge unless it becomes known that funds were credited to the beneficiary account prior to the trace being requested.


  • Cost effective and fast
  • Transfer in more than 130 currencies
  • Usually sends in 1-2 days
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The fine print

The financial products referred to in this section of the site are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Queensland Country Bank Limited ABN 77 087 651 027 AFSL/Australian Credit Licence 244533. Fees & Charges and Terms & Conditions apply.

It’s important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A PDS is available for each financial product issued by WUBS from your Financial Institution or on the compliance section of our website. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.

This communication has been prepared solely for informational purposes and does not in any way create any binding obligations. The relationship relating to the financial products referred to in this communication are solely between you and the Financial Institution. No representations, warranties or conditions of any kind, express or implied, are made in this communication.

Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the issuer of the financial products referred to in this communication.