A telegraphic transfer is an electronic credit of funds into an overseas bank account. Transfers are available in a wide range of currencies. The transfers are processed via the National Australia Bank.
When a transfer is sent, a network of banks is used to process the transaction.
If the funds are needed urgently, a telegraphic transfer is normally your best money transfer option.
Reliance and NAB take their Anti Money Laundering & Counter Terrorism responsibilities very seriously. As a result, you must provide us with an address of the sender and receiver of your transfer, as well as all the account details you want to send the funds to. A new requirement is that, for all transfers to European countries, you must tell us the IBAN (International Bank Account Number) of the receiver.