First Option Credit Union

Telegraphic Transfer

Do you want to buy an overseas property but are unsure as to how you can make the payment form here? Maybe you need to send wages to employees working abroad? Or simply want to send funds to a family member or friend living overseas.

Telegraphic transfers are an easy way to send large amounts of money overseas quickly. A normal transfer takes approximately 72 hours. This enables you to respond swiftly to a special deal or financial agreement efficiently and with confidence.

How do they work?

In simple terms, a telegraphic transfer transmits funds electronically to an overseas bank account in a specified currency. Funds are deposited directly into the payee's bank account where they can be easily accessed by the payee.

Available Currencies

Currency Currency
United Arab Emirates Dirham Saudi Arabian Riyal
Canadian Dollar Solomon Islands Dollar
Swiss Francs Swedish Krona
Danish Krone Singapore Dollar
Euro Dollar Thai Baht (Govt. Restrictions)
Fijian Dollar New Turkish Lira
Hong Kong Dollar Tonga P'anga
Japanese Yen British Pound
Mexican Peso United States Dollar
Norwegian Krone Vanuatu Vatu
New Zealand Dollar Western Soma Tala
Papua New Guinea Kina French Pacific Franc
Philippine Peso South African Rand

Why use a Telegraphic Transfer?

  • You get certainty about when the payment was received
  • Payments can be made between local and overseas organisations or people
  • You can send a payment in most major currencies
  • Generally faster than drafts
  • They are an economical and secure way of sending a large amount of money overseas

Apply

Apply for a Telegraphic Transfer apply

Questions?

If you have any questions, please contact us enquire