INCOMING INTERNATIONAL PAYMENTS SERVICE

Receiving payments from overseas?

With our Incoming International Payments Service powered by Western Union Business Solutions, you can receive money directly into your nominated bank account from almost anywhere in the world, in over 35 currencies.

Benefits to you:

  • We do not charge beneficiary deduct fees.[1]

  • Timely and reliable – funds are usually received in full in 2- 3 business days[2]

  • Exchange rate guarantee. Lock in a competitive exchange rate for 72 hours[3]

  • Your sender can pay you in their local currency, you can still receive in AUD

Why use our Incoming Payments service over SWIFT payments?

  • SWIFT transactions typically incur fees on incoming payments

  • SWIFT payments can take up to 60 days to clear.

Notes:

  1. Payments may be sent via a network of correspondent and/or intermediary banks. In some instances, such banks may charge a small handling fee, which is out of the control of WUBS or Transport Mutual Credit Union.

  2. Funds are usually received by Transport Mutual Credit Union within 2-3 business days, funds will then be allocated to your nominated account. There is no delivery period guarantee. Some currencies may take longer than others to process.

  3. Periodic comparisons are made against publicly available rates for comparable services from 4 Australian Banks. Funds must be received by Western Union Business Solutions within 72 hours of the rate quote in accordance with payment instructions for the rate guarantee to be honoured.

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Disclaimers:

© 2019 Western Union Holdings Inc. All rights reserved.

Western Union Business Solutions is a business unit of The Western Union Company. In Australia, Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092) (“WUBS”) is the issuer of the financial products (if any) referred to in this communication. A product disclosure statement is available for each of the financial products that WUBS issues (if any) and can be obtained by visiting https://business.westernunion.com/en-au/compliance-legal/compliance. Before you decide to acquire a financial product from WUBS you should read and consider the relevant product disclosure statement. This communication has been prepared solely for informational purposes and does not in any way create any binding obligations on either party. Relations between you and WUBS shall be governed by the applicable terms and conditions provided to you before you trade. No representations, warranties or conditions of any kind, express or implied, are made in this communication. This communication is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject WUBS and/or its affiliates to any registration or licensing requirement within such jurisdiction.

 

Ongoing review and monitoring of your strategy

As you progress through life, your circumstances and goals change. It is important that you regularly review your plan with your financial planner to ensure that it continues to be relevant.

Why choose Transport Mutual Credit Union?