*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.
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:
NOTE: The foreign currency must be exchanged to Australian dollars (AUD) prior to sending otherwise the payment will not be accepted.
*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: firstname.lastname@example.org
(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).
Horizon Bank has entered into contractual arrangements with Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092) trading as Convera (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfer. The relationship relating to the services described is solely between you and Horizon Bank. Fees and charges may apply, please refer to the terms and conditions issued by Horizon Bank. Any advice provided by Horizon Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
1. Funds are usually received by the beneficiary’s bank in 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery guarantee. Some currencies may take longer than others to process.
**Please note that International Payments are sent via a network of correspondent, intermediary and/or beneficiary banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
^ IBAN is used in some countries to uniquely identify a customer’s bank account. An IBAN is necessary for payments being sent from Australia to an IBAN mandatory country.