Western Union Business Solutions
International transfers anytime, from anywhere.
Quick, reliable, affordable
With more than 200 countries and territories, in over 130 currencies. Illawarra Credit union with Western Union Business Solutions facilitates sending and receiving money around the world.
Simple to do through Internet banking.
- Log onto Internet banking;
- Go to the Payments tab;
- Select International Transfers; and
- Follow the country specific information and prompts.
You can also
Inward Telegraphic Transfer (TT)
An Inward Telegraphic Transfer (also known as an Inward Wire) is an electronic transfer of funds directly credited to your account from an overseas remitter.
A TT will normally take 2-3 business days* to be credited to Illawarra Credit Union for your account, although this can never be guaranteed.
A Draft is like a bank cheque made out in a foreign currency.
Drafts are useful if you don’t have the beneficiary’s electronic bank account details.
Drafts can be sent overseas via mail and are available in a range of currencies.
Drafts are a non‑negotiable instrument and can only be credited to the named payee’s bank account unless the payee has endorsed the draft.
Foreign currency cheque conversion services. Western Union Business Solutions allows us to convert foreign cheques in a range of currencies, into Australian dollars.
Bring your cheque to one of our branches and we’ll do the rest.
The financial products referred to in this communication are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 40409, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Illawarra Credit Union. Fees & Charges and Terms & Conditions apply. It’s important for you to consider the relevant Product Disclosure Statement and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A PDS is available for each financial product issued by WUBS from Illawarra Credit Union or on the compliance section of the Western Union Business Solutions 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 relationship relating to the financial products referred to in this communication are solely between you and the Financial Institution. 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. Illawarra Credit Union ABN: 14 087 650 771 AFSL/Australian credit licence 245576 has entered into an agreement with Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”) to fulfill certain foreign exchange products and services that we offer to our members. Please note that (other than for Drafts), you are a customer of Illawarra Credit Union in respect of these products and services. The relationship relating to these services is solely between you and Illawarra Credit Union. Other fees, charges and terms and conditions apply.
Fees, charges and terms and conditions apply and may vary depending upon the product or service. Promotional campaigns may alter or waive fees, charges and terms and conditions on a temporary basis.
* Please note that TT’s are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
Illawarra Credit Union Limited ABN 14 087 650 771 AFSL/Australian credit licence 245576 has engaged Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092) (“WUBS”) to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfers. The relationship relating to the services (other than drafts) described is solely between you and Illawarra Credit Union Limited. WUBS does not give you any advice (general, personal or otherwise). Any advice provided to you is given by Illawarra Credit Union Limited. Western Union Business Solutions is a business unit of the Western Union Company.
1 Based on periodic comparisons against publicly available rates for comparable services from 4 Australian banks.
2 For incoming international payments, WUBS 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.
3 Funds are usually transferred by the next business day. The beneficiary bank will then allocate the funds to the beneficiary’s account. There is no delivery time guarantee. Some currencies may take longer than others to process.
Western Union Business Solutions’ does not process cheques denominated in New Zealand dollars. This applies to corporate cheques, bank cheques and foreign cheques or drafts.
Not a member?
Take a look at some of our accounts and join today.