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Heritage Finance Holdings Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
If you need to receive regular or one-off foreign currency payments to your Heritage Finance Holdings bank account, our Inward Telegraphic Transfer service can help you receive your money directly into your account. Complete the online form through Western Union Business Solutions to get the details you need to provide your sender.
An Inward Telegraphic Transfer (also known as an “Inward Wire”) is an electronic transfer of funds directly credited to your account from an overseas remitter.
In most cases a telegraphic transfer is the quickest way to receive funds from abroad. A telegraphic transfer will normally take four business days to be credited to your account, although this can never be guaranteed.
Download the full list of currencies available
How do I receive money from overseas with a Inward Telegraphic Transfer?
Contact Heritage Finance Holdings to ensure your account has adequate and up-to-date identification is recorded for you to receive an Inward Telegraphic Transfer.
Follow this link to the Western Union Business Solutions website and complete our online form.
Choose the country you are receiving funds from.
Complete the relevant information in the online form.
Please ensure that you double check that the BSB and account numbers are correct. Western Union and Heritage Finance Holdings Corporation do not cross check the account number with the account name submitted. Western Union and Heritage Finance Holdings Corporation are entitled to rely on the account number as your instructions to transfer money to that bank account. It may not be possible to recover funds from an unintended recipient if you provide the incorrect bank account details.
Once you are satisfied the information you have entered is correct select submit. You will then be presented with the PDF deposit instructions. Please save it for your reference and email it to the sender/ follow payment instructions.
Ask the sender to;
How does an Inward Telgraphic Transfer work?
The remitter should send the funds in their own currency, and Western Union Business Solutions will convert them into American Dollars before forwarding to Heritage Finance Holdings for credit to your account. Funds can be received in a range of currencies.
Download the full list of currencies available.
Please note that Heritage Finance Holdings Corporation and Western Union Business Solutions do not apply a fee. However, in some instances intermediary banks may levy a fee.
Can I negotiate the exchange rate for an Inward Telegraphic Transfer?
No. The exchange rate is set by Western Union Business Solutions and cannot be negotiated.
How long does it take receive money from overseas into my account?
The time it takes to receive the money into your account with an Inward Telegraphic Transfer depends on what country it is coming from. As a guide, your money will generally be available in four working days, however this cannot be guaranteed.
Our team is available to help you with all your international banking needs, including troubleshooting and what to do if you're travelling overseas.
Tap here for live assistance.