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Use telegraphic transfers and drafts to send money to or from overseas.
Currency converter
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| A telegraphic transfer is the electronic transfer of money from Westpac to an overseas bank. |
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| Features of a telegraphic transfer |
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funds are usually available within 1-3 working days; no waiting for funds to clear* |
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funds go to the overseas bank so they can’t go missing |
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sent funds are traceable |
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money is electronically transferred directly to the recipient’s bank account. |
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| *For some countries, such as India and Pakistan the receiving bank may issue and post a bank cheque to effect payment to the recipient account. In these cases, it is likely to be more than 3 working days and could be as long as three weeks before the funds are available. |
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| We recommend that you check with the beneficiary first as it may be quicker to post a bank draft directly to them. |
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| To send a telegraphic transfer |
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visit your nearest branch |
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| You will need to bring with you |
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the bank and branch details of where the money is going |
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the recipient’s account number |
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the branch identifier if available i.e. sort code, BSB number, FW number or IBAN number. |
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| Sending a telegraphic transfer |
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you must have cleared funds for the amount to be sent |
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there is a $25 charge to send a telegraphic transfer |
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there may be additional charges deducted from the proceeds by the receiving bank. |
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| If you are currently overseas or unable to visit your nearest Westpac branch, you can make this request in writing to your Westpac branch. Please email us or call us on +64 9 912 8000 (7am - 11pm, 7 days a week. International toll charges apply) and we’ll provide you with the contact details for your branch and full instructions on how to make inbound or outbound Telegraphic Transfers. |
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| Note: Funds transferred must be sourced from a Westpac account that you have authority to make withdrawals from. |
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| Please instruct the initiating bank to send the money directly to |
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Westpac Banking Corporation
Wellington
New Zealand |
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| The SWIFT code for Westpac New Zealand is WPACNZ2W. |
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| The account name and full account number of the account to receive the funds must be included for processing. |
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| Account number should be formatted as follows |
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Bank and branch number, seven digit account number and two digit account suffix
e.g. 03-XXXX-XXXXXXX-XX |
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| A draft is a bank cheque made out in the name of the person you want to pay, in the currency you choose. We give you the draft and you send it. |
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| Features of a draft |
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can be used to pay for goods, overseas bills, or to send money overseas when there's no hurry and you want to keep costs down |
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designed to be a safe and affordable way to transfer money anywhere in the world—all major currencies are available |
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cannot be made out, or exchanged, for cash |
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only the person you name on the draft can receive value for it |
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no expiry date, but can be stopped if lost or stolen. |
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| To buy a draft |
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visit your nearest branch |
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| The price for a draft is $25 and you must have cleared funds for the amount you want to send. |
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