Telegraphic transfers are a simple payment solution for you to settle accounts with your overseas trading partners.
Telegraphic transfers (TT).
This is an electronic payment that can be credited directly to the recipient's bank account quickly. Funds are usually available within one to three working days1.
The payment is well-protected and the funds are traceable should the overseas recipient claim they didn't receive the payment.
You can purchase and send a telegraphic transfer1 from any Westpac branch, or from one of our online channels:
- Westpac One® online banking - for individuals or small business/sole traders
- Business Online - for small/medium businesses
- Corporate Online - our online banking service for corporate and institutional customers.
You can receive funds via a telegraphic transfer. The SWIFT code for inward telegraphic transfers to Westpac New Zealand is WPACNZ2W.
Things you should know.
1 Funds transferred must be sourced from a Westpac account that you have authority to make withdrawals from.
Westpac Banking Corporation, NZ Branch is the provider of the products and services described on this page and is responsible for the provision of those products and services. International payments may be subject to charges by overseas banks. Westpac has no control over these charges, which are subject to change and can be substantial. Westpac is not liable for any of these charges and commissions, which are the responsibility of the account holder. No member of the Westpac group accepts any liability for losses suffered as a result of converting currencies and any exchange risks from the conversion of currencies is the responsibility of the account/deposit holder.