Foreign Currency

The Bendigo Bank offers a range of foreign currency services, including solutions to transfer and safely carry cash overseas. They include: Telegraphic Transfers Online Telegraphic Transfers Foreign Cash Bank Drafts Travellers Cheques Foreign Exchange Rates - Approx 45Kb (Microsoft Excel) Call us on 1300366 666 or +61 3 5433 9339 (outside Australia).

Telegraphic Transfers

A Telegraphic Transfer is one of the quickest methods of transferring money overseas and within Australia. A message is forwarded by Bank Tele-Transmission to an overseas correspondent instructing them to pay a beneficiary a specified sum of money at the request of the Customer.

Fees:

• A $30 fee is charged for payment of funds to another institution, within Australia or overseas, by Telegraphic Transfer ($15 for shareholders).
• The corresponding bank may also charge a handling fee.
• A $2 fee is charged for acceptances of a payment by Telegraphic Transfer from another institution within Australia.
• A $10 fee is charged for acceptance of a payment by Telegraphic Transfer from an overseas institution.

Online Telegraphic Transfers

Telegraphic Transfers can be performed through Bendigo e-banking. To register for online Telegraphic Transfers phone us 1300 366 666.

Foreign Cash

It doesn’t matter where you’re going or how long you’re going for, it’s always good to have some of the local currency in your pocket when you arrive.

Talk to your nearest Bendigo Bank branch about our great rates and fast turnaround times on foreign cash – our friendly staff can then have your money ready for you before you leave.

Bank Drafts

A Draft is a foreign currency Bank Cheque drawn on an overseas bank.

Benefits:

• A Draft allows Customers to forward funds to an overseas recipient in a form which:
  • is acceptable in most countries
  • is in the recipient's currency (therefore does not require conversion)
  • does not incur delays in receiving funds (ie. clearance of Australian cheques).
• All currencies are available on request.

• A $10 fee will be charged for the purchase of a Bank Draft ($5 for shareholders).
• A $25 fee will be charged for placing a Stop Payment on a Bank Draft.

Travellers Cheques

Travellers Cheques are a safe way of carrying funds overseas or within Australia substituting for cash.

They are available in the following currencies:

• AUD
• CAD
• CHF
• EUR
• JPY
• USD
• UK

• Worldwide acceptance.
• May be cashed at banks, hotels, restaurants, airports, shops, etc.

• $10 AUD or 1.00% of AUD amount, whichever is greater, to purchase American Express Travellers Cheques.

• Commission-free for Bendigo Bank shareholders