13 12 21
Phone enquiries are available 8am to 7pm, weekdays and
9am to 3pm, Saturday.
Our offices are open Monday to Friday from 9am to 5pm.
Looking for a competitive foreign exchange rate?
Be rewarded for transferring foreign currency to Australia*
*Conditions and Fees and Charges apply
When you use the Incoming Telegraphic Transfer Form to complete a transfer of a selected list of foreign currency for the equivalent value of AUD$1000 or more between 1 December 2018–28 February 2019, you could receive up to $100 in Gift Cards per transaction* on your first three qualifying transactions - that’s up to $300!
These gift cards are only rewarded when you transfer foreign currency into Australia. Local currency transfers are not included*.
$1,000 - $1,999
$2,000 - $4,999
$5,000 and above
Transferring foreign currency from another country to Australia is simple and secure with American Express FX International Payments. With more than 100 years’ experience in foreign exchange, you can rely on us to deliver a service that you can trust - with competitive rates.
Enter your transfer details on the Incoming Transfer Form. Save the generated PDF. It contains all the details required to complete your transfer.
Give the PDF to your overseas sender. Whether this is your own bank abroad, or overseas friends or family: remind them not to convert into Australian Dollars (AUD).
The funds will be credited to your account in AUD.
Get your transfer information
Teachers Mutual Bank has partnered with American Express to offer you a variety of foreign currency services so you have the confidence of security and convenience when sending and receiving money from overseas.
A fee of $25 applies to foreign currency telegraphic transfers and $40 for AUD telegraphic transfers.
A Telegraphic Transfer (TT) allows you to electronically send funds directly into your beneficiary’s account in a specified currency. TT’s are the preferred method to make large value international payments as they are processed quickly, cost-effectively and securely in over 100 currencies.
You can choose for the funds to be either in Australian dollars or the currency of the destination country (note some restrictions may apply*). Please note that TT’s are not immediate—they can take anywhere between 2-5 working days to arrive, depending on the country.
To arrange for a TT complete the Telegraphic Transfer form before printing and posting, faxing or emailing to us.
Send money overseas
An incoming overseas deposit allows you to receive foreign currency into your account that is then converted into Australian dollars (AUD). Receiving foreign currency from an overseas account is easy.
The overseas financial institution can use one of two intermediaries to transfer the deposit to your Bank account.
To start the process, Teachers Mutual Bank members can simply visit the American Express Portal, complete the online form and then send the information provided to your payment sender.
The Inward Currency and Account Details document contains all the information you need to receive an incoming telegraphic transfer.
Visit the American Express Portal
You may also receive money from overseas using CUSCAL’s service. CUSCAL will not accept funds transferred from overseas directly to themselves, therefore your funds will need to be processed through an intermediary bank. You may be able to nominate either an intermediary bank of your own choosing, or CUSCAL’s preferred intermediary bank, NAB. Fees and Charges apply.
CUSCAL, 1 Margaret Street Sydney NSW 2000 Australia
Your member number
Your full name
Teachers Mutual Bank Limited
CUSCAL's preferred intermediary bank is NAB. Swift Code NATAAU3303M.
Please be aware that CUSCAL take a $6.42 fee, from incoming TT's from the amount you receive from overseas. The Sending Bank and the Intermediary Institution are able to deduct a processing fee for international transfers. Depending on the circumstances, such as the location of the sending financial institution and its commercial arrangements, processing via more than one intermediary bank may be necessary.
Contact us from overseas
*See Terms and conditions. Please note that telegraphic transfers (TT’s) are sent via a network of correspondent banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
Get up to $300 in Gift Cards—Terms and Conditions
This incentive offer is calculated per transfer, it is not cumulative, and is limited to three transactions per person between 1 December 2018 and 28 February 2019. The transfer must be from a selected list of foreign currency into Australia in order to receive the incentive. Selected foreign currency includes USD, EUR, GBP, CAD, DKK, FJD,HKD, JPY, NZD, NOK, PGK, SGD, ZAR, SEK, CHF, THB. Local currency transfers are not included.
This offer is only open to members of Teachers Mutual Bank Limited who complete an American Express Incoming Telegraphic Transfer. The remitting party of the member/customer must complete the Incoming Telegraphic Transfer transactions of AUD$1,000 or above from 1 December 2018 and 28 February 2019 to qualify to receive a Digital Gift Card. Completed transactions between AUD$1,000 and AUD$1,999 receive a AUD$20 Digital Gift Card, completed transactions between AUD$2,000 and AUD$4,999 receive a AUD$50 Digital Gift Card and completed transactions over AUD$5,000 receive a AUD$100 Digital Gift Card. A maximum of 3 qualifying transactions per member of Teachers Mutual Bank Limited will be eligible to receive 3 Digital Gift Cards.
Please allow 6 weeks from 28 February 2019 for Digital Gift Cards to be forwarded to the email address listed in your account. The Digital Gift Cards are managed by a third party vendor, Edge Loyalty. Teachers Mutual Bank Limited will issue a voucher code which must be validated in accordance with the instructions provided, following which a Digital Gift Card may be redeemed from the list of retailers we select for participation. These currently include David Jones, Myer, Woolworths, Ticketmaster, iTunes, Coles and Rebel. Digital Gift Cards issued by Edge Loyalty are subject to the terms and conditions of Edge Loyalty and the Digital Gift Card terms and conditions of the selected retailers as set out at the time of issue. The Digital Gift Card must be taken as stated and no compensation will be payable if the person is unable to use the Digital Gift Card as stated. Digital Gift Cards, including any unused portion, are not replaceable, exchangeable or redeemable for cash or other goods or services or used to pay or offset any transactions with American Express FXIP. Digital Gift Card validity varies depending on the selected retailer. Please check the Digital Gift Card for expiry. The Digital Gift Card cannot be transferred to any other person. Please contact Edge Loyalty on 1300 737 968 or at email@example.com for further information.
For further information, please refer to the Telegraphic Transfers Product Disclosure Statement (PDS).
Telegraphic Transfers are arranged through American Express International Inc. (ABN 15 000 618 208 AFSL No.237996). Incorporated with limited liability in Delaware USA. ®Registered Trademark of American Express Company. A Product Disclosure Document can be requested at tmbank.com.au or by calling 13 12 21 8am to 7pm, weekdays or 9am to 3pm, Saturdays or from any of our offices. The information contained in this document has been prepared without taking into account your objectives, financial situation or needs. You should read the PDS and consider the appropriateness of Telegraphic Transfers in relation to your individual requirements. Please note currency conversion rates change according to market conditions for outgoing transfers.
Cuscal is Australia's leading provider of transactional banking, liquidity and capital management products and superannuation solutions to more than 150 specialist financial services institutions across Australia. They provide clients access to Australian capital markets, payment systems, card schemes, inter-institutional settlement arrangements, and is one of the nation's largest ATM networks.