If you’re looking for a safe and easy way to send money from Australia to an overseas recipient, Bendigo Bank’s telegraphic transfer service is worth considering.
Available to eligible Bendigo Bank customers, the service offers fast international transfers in over 25 currencies, offering convenient and secure worldwide transactions.
Bendigo Bank and Adelaide Bank both began life as building societies and today look after the financial needs of more than 1.5 million customers around Australia. A top 60 ASX-listed company, the bank offers a wide variety of financial products and services.
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Send a money transfer with a Bendigo Bank transaction account
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Bendigo Bank offers fast and simple international money transfers with competitive exchange rates based on the market rate. Rates are updated regularly in line with changes to market conditions, and you’ll be able to view the available exchange rates for international telegraphic transfers through your Bendigo Bank e-banking account once you have registered for the transfer service.
How much does it cost to transfer money with Bendigo Bank?
The fee you pay when sending money overseas with Bendigo Bank varies depending on whether or not you are a shareholder. For shareholders, telegraphic transfers sent overseas or within Australia attract a fee of $15, while non-shareholders will need to pay a $30 fee for the same transaction.
Fees are also payable when you receive a money transfer - $2 if the transfer is received in Australian Dollars, or $10 for payments accepted in a foreign currency.
Minimum transfer amount and available countries
The default maximum limit for telegraphic transfers via Bendigo Bank is $15,000, however different transfer limits may apply depending on your circumstances.
Bendigo Bank offers transfers to destinations worldwide, so contact the bank for a full list of the countries to which you can send money. Online transfers are available in the following currencies:
Australian Dollar
Canadian Dollar
Swiss Franc
Danish Kroner
Euro
Fijian Dollar
Great British Pound
Hong Kong Dollar
Indian Rupee
Japanese Yen
Norwegian Krone
New Zealand Dollar
Philippine Peso
Swedish Krona
Singapore Dollar
Thai Baht
United States Dollar
South African Rand
In addition, you can send the following currencies via Bendigo Bank by visiting your nearest branch:
What types of transfers can you carry out with Bendigo Bank?
Bendigo Bank allows to types of transfers:
One-off payments. You can send a fast and secure one-off transfer to destinations around the world.
Recurring payments. You also have the option of setting up a recurring payment weekly, fortnightly or monthly. You can enter a start and end date for your transfers, request for payments to end once a specified amount has been transferred, or set up payments indefinitely.
If you experience a problem with a transfer or ever need any assistance, Bendigo Bank offers customer contact and care seven days a week. You can get in touch with the bank via phone or email, with the customer care centre open 8am to 8pm Monday to Friday and 9am to 4pm Saturday and Sunday.
You’ll need to be a Bendigo Bank customer in order to send a telegraphic transfer, so contact the bank to find out which of its accounts are eligible to use this transfer service. If you already have an account in place, you’ll need to phone 1300 BENDIGO (236 344) to register for the telegraphic transfer service.
You’ll then be able to send telegraphic transfers from the Bendigo Bank e-banking portal. Simply sign in, select the ‘Telegraphic Transfer’ option and enter the details of your transfer. You’ll need to specify:
Who you are sending the money to, including their bank account details
The payment currency
The amount you wish to send
When you would like the transfer to take place
After clicking ‘Make Payment’, you’ll be able to review the details of your transfer and enter any reference information. If you’re ready to send the transfer, click ‘Continue’ to complete payment.
Convenient. If you’re already a Bendigo Bank customer, it’s easy to access the telegraphic transfers service and send money overseas.
Supported currencies. With support for more than 25 currencies, Bendigo Bank offers transfers to a wide range of destinations.
Recurring payments. If you need to make regular overseas payments, you can easily set up a recurring payment plan through the e-banking portal.
Cons
Cheaper transfer options are available. The $30 transfer fee for non-shareholders isn’t as affordable as transaction fees from other providers, while specialist money transfer companies usually offer better exchange rates than banks.
A $30 fee applies to international telegraphic transfers for non-shareholders, while shareholders are charged a $15 fee.
Yes. During the transfer process you can enter the desired transfer amount in either Australian Dollars or the payment currency.
You can monitor the status of your telegraphic transfer by logging into your Bendigo Bank e-banking account.
The best way to find an affordable deal on international transfers is to compare the exchange rates and fees of a range of providers at finder.com.au
Bendigo Bank offers fast, safe and secure transfers when you need to send money overseas. Compare your transfer options at finder.com.au to find the bank or specialist provider that offers the right deal for you.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
TorFX guarantees to match any competitor's exchange rate. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
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