*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.
Click here to view the Fee for Telegraphic Transfers in foreign amounts
Drafts
Drafts are like an international bank cheque, made out to the beneficiary in their local currency. You can send them in the mail so they're ideal if you want to enclose the payment with a card or letter. Drafts are also a good option if you don't have the beneficiary's bank account details. Drafts are available in a wide range of currencies.
International Transfers (to Horizon)
Otherwise known as SWIFT/IPEX/RTGS
When someone wishes to transfer money from overseas to a Horizon account quickly, the preferred method of transfer is SWIFT or IPEX or RTGS. The information needed by the transferor will be as follows:
*Swift Code: CUSCAU2S - when sending a SWIFT from Europe or the UK use CUSCAU2SXXX if the sending institution requires an 11 digit SWIFT code.
Beneficiary Bank: Cuscal Limited
IBAN : 802 124 Account Number (E.g. 802 124 999999999)
**BSB: 802 124
*Account Number: Member number / account number of beneficiary
Account name: Account name of beneficiary
**Institution Name: Horizon Bank
Institution Address: 27 Stewart Street, Wollongong NSW 2500 Australia
Email Address: info@horizonbank.com.au
(Note: Some institutions may not require address or email. BSB and Institution Name are preferred. The minimum requirement is normally BSB or Institution Name.
If the initiating FI doesn’t have a BSB field, then the BSB and account/member number should be loaded in the account number field - preferably with a space between the BSB and account/member number).
