Bendigo Bank International Transfers: How Its Telegraphic Transfer Service Works

How to send a Telegraphic Transfer

Bendigo's own page is direct about this: making an overseas payment isn't a self-service online form. You call Bendigo on 1300 236 344 to have the Telegraphic Transfer service set up on your account first. You need to already be a Bendigo Bank account holder to use it, and Bendigo states the service is available in 25 currencies worldwide.

Because the setup step happens over the phone, Bendigo's page doesn't walk through an app or internet-banking flow the way the bigger four banks do — the phone call is effectively step one for anyone who hasn't sent an international payment through Bendigo before.

Fees

Bendigo's fee for sending is stated plainly: "A $30 fee is charged for sending Telegraphic Transfers." On top of that, Bendigo notes that "the beneficiary or intermediary banks may deduct fees from the payment, so the recipient may receive less than the amount sent" — the same intermediary-deduction disclosure most Australian banks carry, meaning the $30 covers Bendigo's own charge only, not what happens to the payment once it leaves Australia.

How the exchange rate is set

Bendigo doesn't publish an exchange-rate margin percentage on the page fetched for this article. For incoming payments, Bendigo states that "the exchange rates apply for the day your funds are received by Bendigo Bank" — the rate used is tied to the date the money actually lands, not the date it was sent. No equivalent rate-timing statement is published for outward transfers, which is consistent with the setup happening over the phone rather than through a rate-quoting online tool.

Limits

Bendigo does not publish a self-service daily or per-transaction limit for international transfers on the page fetched. Given that the service has to be set up by calling 1300 236 344 rather than through an online form, it's reasonable to read this as a limit that's arranged with the bank when you set the service up, rather than a single published figure that applies to every customer — but that's an inference from how the process works, not a number Bendigo states. If a specific limit matters for your transfer, ask when you call to arrange the service.

Timing

Bendigo's international-payments page doesn't publish a specific delivery estimate or cut-off time for outward Telegraphic Transfers on the page fetched for this article. Online payments are processed through the SWIFT global payment system, which is the same underlying network every bank in this cluster uses, but Bendigo doesn't commit to a business-day estimate the way CommBank, NAB, Westpac or HSBC do on their own pages. Ask for a specific delivery estimate for your currency and destination when you call to arrange the transfer.

Receiving a Telegraphic Transfer into Bendigo Bank

Bendigo's receiving details are: BSB 633000 and SWIFT code BENDAU3B. A $2 fee applies to payments received in Australian dollars, and a $10 fee applies to payments received in a foreign currency. As with sending, Bendigo notes that "the remitting or any intermediary bank may deduct fees from the payment prior to us receiving the funds," which can reduce the amount that actually lands in your account below what was sent.

If you're expecting an international payment, give the sender your BSB, account number, Bendigo's SWIFT code (BENDAU3B), and confirm with them which currency they're sending in — the $2 versus $10 receiving fee depends on that.

When a specialist provider works differently

Bendigo has no online self-service for outward international transfers at all — every transfer starts with a phone call, and neither a margin percentage nor a published daily limit is available in advance. A specialist provider such as OFX runs the whole process online, publishes a flat AU$15 fee on transfers under AU$10,000 (with a stated AU$250 minimum), and supports more than 50 currencies compared with Bendigo's 25 — a structurally different, self-service way to arrange the same kind of payment.

What is a Bendigo Bank Telegraphic Transfer?

It's Bendigo Bank's actual product name — not just a generic term — for sending or receiving an international payment. Bendigo uses the same 'Telegraphic Transfer' label for both directions, and the service is processed through the SWIFT global payment network.

How much does it cost to send money overseas with Bendigo Bank?

Bendigo charges a $30 fee to send a Telegraphic Transfer. The beneficiary's bank or an intermediary bank along the way may also deduct their own fees, which can reduce how much the recipient actually gets.

Can I set up an international transfer online with Bendigo Bank?

No — Bendigo's own page states you need to call 1300 236 344 to have the Telegraphic Transfer service set up on your account. There's no self-service online form for a first-time international payment.

What is Bendigo Bank's SWIFT code?

Bendigo Bank's SWIFT code is BENDAU3B, and its BSB for receiving international payments is 633000.

Does Bendigo Bank charge a fee to receive money from overseas?

Yes — $2 if the payment is received in Australian dollars, or $10 if it's received in a foreign currency. An intermediary bank along the way may also take its own cut before the funds reach Bendigo.