Type | Description |
---|---|
Direct to Bank Method |
Direct credit to bank account in Australia Dollar (AUD)
Supported sender type - Individual & Corporate Supported beneficiary type – Individual & Corporate |
Transaction Turnaround Time |
T+1 Australia banking day for transaction processed and credited before 2.00pm (Mon-Fri) GMT +10
Up to T+2 Australia banking days for transaction processed and credited after 2.00pm (Mon- Fri) GMT +10 Transaction final status received T+1 or T+2 business day (subject to bank systems). Transaction sent on Saturday or Sunday and Australia’s public holiday will be processed on next Australia banking day Subjected to Singapore office timing and funds being received |
Area availability | Australia nationwide |
Validation / Verification |
Beneficiary name must match account number as stored by issuer bank
BSB number is required Beneficiary address are required including province (state), regency (suburb) and postcode are mandatory fields Beneficiary mobile number is required Beneficiary ID number is required Beneficiary DOB is required |
Amount received | Beneficiary received net amount as specified by sender |
Transaction Limit |
Maximum per transaction AUD 25,000.00
Minimum per transaction AUD 1.00 Compliance accumulated limit AUD 70,000.00 per day per beneficiary |
Cancellation Process | Cancellation is on best effort basis |
Remarks |
BSB Code information: https://www.thebsbnumbers.com/banks/
Beneficiary address is mandatory for Australia bank transfer |