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International Services

Telegraphic Transfer

Do you need to send money overseas to family, friends or business suppliers? Do you want to receive an international payment from family members or your trading partners?

The Maleny Credit Union, in association with Western Union Business Solutions is the one-stop shop for international transactions of any size. We can facilitate sending and receiving money around the world in quick, reliable and affordable ways.

Send money to 200 countries in more than 130 currencies.

Multi-Currency Cash Passport

PROTECTED & CONVENIENT overseas or online, Cash Passport lets you access your money and pay in foreign currencies around the world.

The Multi-currency Cash Passport Prepaid MasterCard® is a chip and PIN protected travel money Card. Load multiple Currencies onto one easy to use Card.

For more information

Additional Information

Sending money overseas via Draft

Receiving money overseas via Foreign Cheque

If you have received a Draft/Cheque in a foreign currency, Maleny Credit Union, in association with Western Union Business Solutions will usually be able to convert it into Australian Dollars for credit to your account.

Typically, personal, bank, company or government foreign currency cheques can be converted (although money orders are not accepted). However, please note that some conditions do apply. Speak to a branch staff member for further information.

Cheques can be converted from a range of foreign currencies – click here for further details

 

How do I take money overseas?

Multi-Currency Cash Passport

Foreign Cash

Foreign cash in a range of over 30 currencies is available, with pick-up normally available within 2 working days. For added convenience, a choice of denominations is offered for most currencies.

Did you know…

  • Paying by credit card can actually increase the cost of your international bills?
  • It can be cheaper to send money to ‘exotic’ countries (such as Thailand or Malaysia) in their local currency?
Find out more

By sending a Telegraphic Transfer in the beneficiary’s currency you generally receive greater certainty on your payment – you can effectively “lock-in” the exchange rate, and know exactly how much is being transferred.

When you make a transaction in AUD you may not know what a foreign bank will charge and what foreign exchange rate they will apply, and hence it may be difficult to find out how much will be credited to the beneficiary’s account. We generally only suggest sending funds in Australian Dollars if the beneficiary holds an AUD account with the overseas bank; in all other cases, we suggest funds should be sent in the beneficiary’s (i.e. payee’s) currency.

When paying by credit card it may be difficult to find out how much it will cost you when the Foreign Exchange and other fees are applied to your transaction by the correspondent banks. You will find out when you see the final cost in your credit card statement.