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


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:


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:

(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

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.