Online telegraphic transfers - IBFX


IBFX (Internet Banking Foreign Exchange) allows you to make foreign currency payments and Australian dollar payments directly to a beneficiaries bank account by telegraphic transfer from your BOQ bank account. This fast, efficient service makes foreign currency payments easier than ever before using BOQ Internet Banking.


Features and benefits

  • available in 28 currencies
  • funds electronically sent to beneficiary’s bank account
  • funds usually at destination within 48 hours
  • safe and secure method of payment using Internet Banking Security Token
  • only available for customers with a Bank of Queensland account.
  • payment validation and instruction tools to assist the user in providing all the required information
  • payments saved as templates for re-use, making subsequent payments even faster


Fees and charges



How to apply

You will require a BOQ internet banking security token to use IBFX. Tokens are available at all BOQ branches. If you have not made a telegraphic transfer in a BOQ branch, we will also need to register your bank account on our international transfers & payments system. (iTAP)  This will only take a couple of minutes.