Type Description
Cash-out Method Direct credit to bank account in Australia Dollar (AUD).
Supported beneficiary account type – individual only.
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). For e.g. a transaction is processed at 11am GMT +10 on Day 1, and transactions is credited on next day (Day 2). However, Milenning’s system will only transmit the final status on the following business day(s) (Day 2 or 3) where applicable.

Subjected to Singapore office timing and funds being received.
Area availability At any participating banks in Australia
Validation / Verification @
  • Beneficiary name must match bank account number as stored by issuer bank
  • BSB Number
  • Beneficiary mobile number
  • Beneficial bank name
Amount received Beneficiary received net amount as specified by Sender
Transaction Limit Maximum per Transaction AUD 9,000.00
Minimum per Transaction AUD 1.00
Compliance accumulated limit AUD 10,000.00
Cancellation Process Cancellation is on best effort basis.