International Money Transfer Online

Send money overseas anytime, from anywhere!

A convenient international bank transfer service available through Horizon’s Online Banking.

You can use Horizon’s Online Banking service to reliably and conveniently send money overseas to more than 200 countries and territories, in over 130 different foreign currencies.

If you can’t make it into a branch, or need to send money overseas on the fly, you can easily make an International Telegraphic Transfer (TT) using Online Banking via your computer or laptop. The funds will be in the currency of the country to which you are sending.

Simply log on to Online Banking, go to the Payments tab and select International Transfer. The country specific information and ‘help text’ will guide you through your transfer from start to finish.



As an added security measure you must be registered for SMS One Time Password in Online Banking. This means that every transfer attempted on your account will require a code (that is sent to your mobile phone) to be entered before the transfer can commence. To register for SMS One Time Password log onto Online Banking and choose Setup Security Options.


What is a Telegraphic Transfer (TT)?

A Telegraphic Transfer (also known as a “Wire”) is an online money transfer of funds directly credited to a beneficiary’s overseas bank account. A choice of more than 130 currencies is offered.


Why should I use a TT?

  • In most cases a TT is the quickest way to send funds abroad, and is a reliable way to send funds to a bank account internationally. Whilst we can typically deliver funds to beneficiary banks in 2-3 business days (non-exotic currencies) beneficiary banks can sometimes take up to 5 business days to credit those funds to the applicable beneficiary account. It would be reasonable to provide for 10 business days for exotic currencies to be credited to beneficiary accounts. Please note there are no delivery period guarantees.
  • Sending a TT in the beneficiary’s currency is usually more cost effective and helps ensure the funds are credited more quickly, as the payment can go “straight through” – use the drop down below for more details.
  • You will need to provide full details of the beneficiary's bank account, including their IBAN (International Bank Account Number) if they are in Europe.
  • To comply with Australian Government regulations you must also provide the beneficiary's full street address.
  • 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 are out of Horizon Bank and Western Union Business Solutions control. Given that a network of banks is used to complete your telegraphic transfer, the time it takes for your payment to be credited cannot be guaranteed.

*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 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:

(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).

Important information

 *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.
**Check with the financial institution for current fees. The financial products (Drafts and Telegraphic Transfers) 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 Horizon Bank. Fees & Charges and Terms & Conditions apply.
It's important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A Draft PDS is available for each financial product issued by WUBS from Horizon Bank or on the compliance section of our 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 Horizon Bank. 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. The WU Foreign Exchange Rate Calculator relates only to Western Union rates. This prices quoted on the Western Union page are an indicative rate only and are subject to change throughout the day and does not include any fees which may be applied by Horizon Bank. The actual rate that will apply is the prevailing Western Union Business Solutions rate for your transaction type at the time and date the transaction is processed.