Receiving Funds From Overseas

Heritage offers two options for receiving money from another country into Australia. Each method has its advantages and depending on your circumstances. The time-frame for receiving funds from overseas is dependent on the country and financial institution the funds are being processed from.

Inward Telegraphic Transfers

If you’re receiving regular or one-off foreign currency payments, this may be the ideal solution. When you’re bringing money across from another country, transaction charges from the banks can take a big chunk out of your payment. Instead of saying goodbye to your cash, you can choose an easy way to receive your payment at a much lower cost.

Real Time Gross Settlement

Funds can be sent from an overseas financial institution directly to a Heritage account via Real Time Gross Settlement (RTGS).

The financial products (Drafts and Telegraphic Transfers) referred to in this communication are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Heritage Bank Limited ABN 32 087 652 024 AFSL 240984 (Heritage).

Fees and charges and terms and conditions apply.

It's important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you.

A Draft PDS is available for each financial product issued by WUBS from Heritage or on the compliance section of our website

Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.

This communication has been prepared solely for informational purposes and does not in any way create any binding obligations. The customer relationship relating to the financial products referred to in this communication are solely between you and Heritage.

No representations, warranties or conditions of any kind, express or implied, are made in this communication.

Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the issuer of the financial products referred to in this communication.

We do not provide advice about this product based on any consideration of your personal objectives, financial situation or needs.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.