Foreign Exchange Payment Options
Online telegraphic transfers are available via internet banking. This new and highly secure service enables you to create and save payment templates for future re-use making the process of sending an international payment easier than ever before. In just one simple process, the funds are charged to your BOQ bank account and the payment is on it's way. We can forward payments electronically to overseas parties in 30 currencies by telegraphic transfer. You will need to provide us with certain details about the beneficiary, their account and their bank. The attached
guide will assist you and will also suggest the best currency to send to each destination. Most payments would be available to the beneficiary within 48 hours almost anywhere in the world. The exchange rate for a foreign currency payment is set at the time you authorise the payment to ensure you receive the most up to date rate available.
We can forward payments electronically to overseas parties in 30 currencies by telegraphic transfer. You will need to provide us with certain details about the beneficiary, their account and their bank. The attached
guide will assist you and will also suggest the best currency to send to each destination. Most payments would be available to the beneficiary within 48 hours almost anywhere in the world. Customers can initiate a telegraphic transfer at any of our branches or through our business banking centres. The exchange rate for a foreign currency payment is set at the time we make the payment to ensure you receive the most up to date rate available. Bank of Queensland branches can provide indicative rates on request.
A draft is an international bank cheque issued in a foreign currency. Drafts can be ordered in any of our branches and will be issued from our head office to the branch within 48 hours. Drafts are an economical method of making non urgent overseas payments. You simply post the draft to the payee.
Negotiation of overseas cheques
Travellers cheques can be cashed at any of our branches. Other foreign currency cheques may be able to be negotiated based on your account association.
The Bank has developed an introductory guide to importing and exporting which covers some basic definitions and methods of payment, and highlights risks to be aware of.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.