We make sending and receiving funds overseas a breeze

Receive Funds Now

Simply click this button to receive funds from overseas to your LCU account. Further information can be found below.

Sending Funds Now

Further information on sending funds can be found below. If you would like to talk to our team for assistance, contact us today.

Send Money Overseas with a Telegraphic Transfer

Powered by Convera Australia Pty Ltd

Send funds overseas

Send funds quickly and easily via Internet Banking

Available in a wide range of currencies

Quick1 and easy


A telegraphic transfer is an electronic credit of funds into an overseas bank account. Transfers are available in a wide range of currencies.

Transfers are sent via a network of correspondent banks.

If the funds are needed urgently, a telegraphic transfer is normally your best overseas transfer option.

LCU takes its Anti Money1 Laundering & Counter Terrorism responsibilities very seriously. As a result, you must provide us with an address1 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 IBAN2 (International Bank Account Number) of the receiver.

Please note that you must be registered for multi-factor authentication (SMS One Time Password) to use the telegraphic transfer option within Internet Banking.

Receive Money from Overseas

With account details or an Inward Telegraphic Transfer powered by Convera Australia Pty Ltd

Your options for receiving funds from overseas

When receiving funds to your LCU account from overseas you have two options.

  1. Using our direct account details via Cuscal: Please note that payments via this channel can only be accepted in AUD & all account details as shown in the table are required:Or
  2. You can use our Inward Telegraphic Transfer service powered by Convera.

LCU International Account Details

Payment Field
LCU account information
Beneficiary Bank:

CUSCAL Limited
Beneficiary Bank Address:
1 Margaret Street SYDNEY NSW 2000 AUSTRALIA
Bank SWIFT code:  

802841 – Laboratories Credit Union Ltd
Beneficiary Account Number:
Your 9-digit account number (don’t use membership number)
Beneficiary Name:  

Your account name
Any missing details such as forwarding BSB or on Forward CU/Bank name, may result in the payment being returned.

Refer to our fees and charges brochure for current fees in relation to IPEX.

Receive Money from Overseas

With an Inward Telegraphic Transfer powered by Convera Australia Pty Ltd

Receive money from overseas with an Inward Telegraphic Transfer

An Inward Telegraphic Transfer (also known as an “Inward Wire”) is an electronic transfer of funds directly credited to your account from an overseas remitter. In most cases, a TT is the quickest way to receive funds from abroad (a TT will normally take one-to-three business days to be credited to your account, although this can never be guaranteed).


How does it work?

The remitter should send the funds in their own currency, and Convera will convert them into Australian Dollars before forwarding to Laboratories Credit Union for credit to your account. Funds can be sent in a range of currencies and will be received in Australian Dollars.


Why should I ask my sender to send money via this service?

Better value for you – you are not charged a beneficiary deduct fee, so you will receive the full amount

Better value for senders – no fee is charged by Convera to process your payment.

Peace of mind – you can be confident that their payments are being handled by foreign exchange specialists

Wide range of currencies

What do I need to do to receive money to my account?

What you need

Choose the country you are receiving funds from.

Complete the relevant information in the online form and submit.

You will then be presented with deposit instructions in a PDF file. Please save it and email it to your payee/ follow payment instructions.

Ask the sender to :

Present these instructions to their bank when sending the payment to you

Deposit the amount into the dedicated account as stated in the instructions in local currency and not in AUD

Instruct bank teller to include payment note CAU01931-FI289270 in the bank’s reference field as specified in the PDF instructions

Things you should know

Laboratories Credit Union has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfer. The relationship relating to the services described is solely between you and Laboratories Credit Union. Fees and charges may apply, please refer to the terms and conditions issued by Laboratories Credit Union. Any advice provided by Laboratories Credit Union is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.

1. Funds are usually received by the beneficiary’s bank in 2 to 3 business days, however, there may be a delay in the beneficiary bank allocating funds to the beneficiary account. There is no delivery guarantee. Some currencies may take longer than others to process.
**Please note that International Payments are sent via a network of correspondent, intermediary and/or beneficiary banks, which sometimes levy a small handling charge on your payment. Any such fees, and payment delays, are out of our control.
2. IBAN is used in some countries to uniquely identify a customer’s bank account. An IBAN is necessary for payments being sent from Australia to an IBAN mandatory country.