Need to get money to or from overseas?
Australian Military Bank and Convera provide solutions to help you manage your international payments. You can send money from your bank account to an overseas bank account to 200 countries and territories in over 130 currencies. Not only can you send money overseas via your Online Banking, but you can also receive money directly into your nominated bank account from almost anywhere in the world.
Timely and reliable
Track your payments
Cost-effective
Need to send money overseas?
Did you know that you can send money from your bank account via Online Banking to an overseas bank account via our International Payments Service, otherwise known as a “Telegraphic Transfer” or “Wire”.
With our International Payments Service, you can send money to 200 countries and territories in over 130 currencies.
Benefits to you:
- Funds are normally credited within 2-3 business days1
- No surprise overseas bank fees**
- Cost-effective; you can potentially save money by sending in your beneficiary’s local currency**
Login now to Online Banking to send money >
View our Fees and Charges Schedule >
Before you send money overseas:
You will need the full name of your beneficiary and full details of the beneficiary’s bank account, and depending on the country you are sending money to the following:
- IBAN (International Bank Account Number) which is used in some countries to uniquely identify a customer’s bank account. An IBAN is necessary for payments being sent from Australia to an IBAN mandatory country.Your beneficiary will need to supply this information often found on a bank statement or by contacting their bank directly.
- SWIFT (Society for Worldwide Interbank Financial Telecommunication), or
- BIC (Bank Identifier Code).
- Plus the beneficiary’s full street address
Disclaimers:
Australian Military Bank has entered into contractual arrangements with Convera Australia Pty Ltd ABN 24 150 129 749 and AFSL 404092. (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfer. The relationship relating to the services described is solely between you and Australian Military Bank. Fees and charges may apply, please refer to the terms and conditions issued by Australian Military Bank. Any advice provided by Australian Military Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
1 Funds are usually received by the beneficiary’s bank in 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery guarantee. Some currencies may take longer than others to process.
** Please note that International Payments are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
Receiving money from overseas
With our Incoming International Payments Service provided by our partner Convera, you can receive money directly into your nominated bank account from almost anywhere in the world, in over 35 currencies.
Benefits to you:
- We do not charge beneficiary fees. 1
- Timely and reliable – funds are usually received in full in 2- 3 business days. 2
- Exchange rate guarantee. Lock in a competitive exchange rate for 72hours. 3
- Your sender can pay you in their local currency, you can still receive in AUD.
How to receive money using Convera
Click on the online form.
- Choose the country you are receiving funds from.
Complete the relevant information in the online form and submit.
You will be then presented with or sent the PDF deposit instructions. Please save it for your reference and email it to your payee/ follow payment instructions.
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 may be of assistance in locating the transaction (if required).
Disclaimers:
Australian Military Bank has entered into contractual arrangements with Convera Australia Pty Ltd ABN 24 150 129 749 and AFSL 404092. (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfer. The relationship relating to the services described is solely between you and Australian Military Bank. Fees and charges may apply, please refer to the terms and conditions issued by Australian Military Bank. Any advice provided by Australian Military Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
1 Payments may be sent via a network of correspondent and/or intermediary banks. In some instances, such banks may charge a small handling fee, which is out of the control of Convera or Australian Military Bank.
2 Funds are usually received by Australian Military Bank within 2-3 business days, funds will then be allocated to your nominated account. There is no delivery period guaranteed by Australian Military Bank. Some currencies may take longer than others to process.
3 Periodic comparisons are made against publicly available rates for comparable services from 4 Australian Banks. Funds must be received by Convera within 72 hours of the rate quote in accordance with payment instructions for the rate guarantee to be honoured.
Receiving Foreign Cheques?
If you have received a cheque in a foreign currency, you can have it converted into Australia Dollars and deposited into your Australian bank account. 1
Typically, personal, bank, company or government foreign currency cheques can be converted from over 8 currencies including USD, AUD, NZD, CAD, GBP, Euro, HKD, SFD.
Cheques are processed as either:
- Cash Letters
- Collection basis
The amount of the cheque determines if it is to be processed as a cash letter or collection.
Need more information? Talk to us today on 1300 13 23 28.
Things to note:
- At the time of the cheque being converted from the foreign currency and deposited into your account, we will deduct any applicable fees.
- Foreign Cheques can take up to 8 weeks or more to clear
- Exchange rate is determined once the credit is received
Do you need funds quicker?
As an alternative, ask the person sending you money, to send to you via our Incoming International Payments service.
This option may save you money in fees and help you to get the money within 2-3 business days. 2
Disclaimers:
Australian Military Bank has entered into contractual arrangements with Convera Australia Pty Ltd ABN 24 150 129 749 and AFSL 404092. (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfer. The relationship relating to the services described is solely between you and Australian Military Bank. Fees and charges may apply, please refer to the terms and conditions issued by Australian Military Bank. Any advice provided by Australian Military Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
1 In some instances intermediary banks may levy additional fees and / or charges. This is beyond the control of Convera.
2 Funds are usually received within 2 to 3 business days after receipt of funds by Convera in accordance with payment instructions. There is no delivery guarantee as some currencies may take longer than others to process.
