SCAM ALERT: News of the merger between Auswide Bank and MyState Bank can attract scammers. There is a possibility you could receive emails, texts or phone calls from fraudsters about the merger and asking you to verify account information. To avoid becoming a victim of a scam, it’s important to stay vigilant and to keep an eye out for information about the merger and scam awareness via our official channels.
If you wish to receive regular or one-off foreign currency payments to your Auswide Bank account, an inward Telegraphic Transfer may be the ideal solution.
An inward Telegraphic Transfer, also known as an ‘inward wire’ is an electronic transfer of funds from the overseas sender (made out in their own currency), which are converted into Australian dollars and credited to your account.
It's an easy way to receive your payment and more than likely at a lower cost. The benefits of an inward Telegraphic Transfer include:
- Fast and reliable
- Payments can be made in 25 currencies.
- Savings for the sender as the transfer is treated as a local transaction
