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Bendigo Bank international money transfers

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Bendigo Bank

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Summary

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 15 currencies, offering convenient and secure worldwide transactions.

In this guide

  • Review
  • Details
    • Product details
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Details

Product details

Product Name Bendigo Bank
Pay By Bank transfer, Cash, Phone banking
Receiving Options Bank account
Customer Service Phone, Live chat, In person
Maximum Transfer Amount $30,000
Number of Currencies 19

Bendigo Bank exchange rates

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.

How does Bendigo Bank compare to other providers

1 - 25 of 25
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Limited time offer: Earn up to 125,000 bonus Qantas Points as a first-time converter. Ends 30 April 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
Airwallex
Within minutes
$0
Streamline global payments in 60+ currencies. Send & receive securely in 150+ countries, with fast settlements & competitive rates. Simplify book-keeping & manage everything in one place.
TorFX Business Transfers
24 hours
$0
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.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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Minimum transfer amount and available countries

The default maximum limit for telegraphic transfers via Bendigo Bank is $30,000, 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

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 live chat, with the customer care centre open 8am to 8pm Monday to Friday and 9am to 4pm Saturday and Sunday.

The registration and transfer process

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.

The good and bad of using Bendigo Bank

Pros

  • Convenient. If you’re already a Bendigo Bank customer, it’s easy to access the telegraphic transfers service and send money overseas.
  • 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.

What other products and services does Bendigo Bank offer?

  • Foreign exchange calculator and rates. Check the latest exchange rate and calculate your international currency transactions using these handy tools.
  • Foreign cash. Stock up on cash in over 30 currencies for your next trip abroad.
  • Bank drafts. Forward money to an overseas beneficiary using this secure payment method.
  • Travellers cheques. Travellers cheques offer a safe and secure way to carry money while overseas.
  • Multi-currency Cash Passport. Lock in an exchange rate before you go and spend money in up to 10 currencies with this handy card.
  • Travel Insurance. Take out competitive travel insurance cover for domestic and international trips.

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