Inward Telegraphic Transfers

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.

Click here to receive money from overseas

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Download the full list of currencies available (pdf, 297KB)

Click here to receive money from overseas

(By clicking the above link you will be leaving the Heritage website.)

Frequently Asked Questions

 What is an Inward Telegraphic Transfer?

 How does it work?

 Why should I ask my sender to send money via this service?

 What do I need to do to receive money to my account?

 Can I negotiate the exchange rate for the transfer?

 When will the money be available in my account?

1Heritage is required by law to verify the identity of account holders/authorised signatories that use the Inward TT service. For further details of identification requirements see Identification Requirements Terms and Conditions.

2Western Union Business Solutions will hold a quoted exchange rate for 72 hours. The payment will need to reach WUBS's nominated account within this time for WUBS to honour the quoted rate.

3Western Union Business Solutions processes over 25 currencies fee-free however some exotic or other currencies may attract fees. In some instances intermediary banks may levy additional fees and/or charges.

4Payments are usually received by the beneficiary within 2 to 3 business days after reciept of funds by WUBS in accordance with payment instructions. There is no delivery period guarantee. Some currencies may take longer than others to process.

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 http://business.westernunion.com.au/about/compliance/.

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.