What to do if you lose your credit card
If you’re receiving regular or one-off foreign currency payments to a Heritage bank account, our Inward Telegraphic Transfer service may be the ideal solution. If you have an active Heritage account, simply complete the online form and provide the details to the sender to receive the money directly into your account.Download the full list of currencies available
What is an Inward Telegraphic Transfer?
An Inward Telegraphic Transfer (also known as an “Inward Wire”) is an electronic transfer of funds directly credited to your account from an overseas remitter.
In most cases a telegraphic transfer is the quickest way to receive funds from abroad. A telegraphic transfer will normally take four business days to be credited to your account, although this can never be guaranteed.
How does an Inward Telgraphic Transfer work?
The remitter should send the funds in their own currency, and Western Union Business Solutions will convert them into Australian Dollars before forwarding to Heritage for credit to your account. Funds can be received in a range of currencies.
Download the full list of currencies available.
Please note that Heritage Bank and Western Union Business Solutions do not apply a fee. However, in some instances intermediary banks may levy a fee.
Why should I ask my sender to send money via this service?
You are not charged a beneficiary deduct fee, so you will receive the full amount of your incoming payment. Please note that Heritage and Western Union Business Solutions do not apply a fee. However, in some instances intermediary banks may levy a fee.
The transaction is completed as a local transfer.
Senders can be confident that their payments are being handled by foreign exchange specialists with reliable systems ready to deliver their payments fast.
How do I receive an Inward Telegraphic Transfer to my account?
Can I negotiate the exchange rate for the transfer?
When will the money be available in my account?