Coastline has partnered with American Express to offer you a variety of foreign currency services. Whether you’re sending money overseas, travelling or making an online purchase; we have a product to suits you.
A Telegraphic Transfer (TT) allows you to electronically send funds directly into your beneficiaries 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.
To send a telegraphic transfer contact your closest branch to facilitate the payment for you. You will be required to provide the following information in order to process a TT with us:
- Your street address
- Beneficiaries name and street address
- Beneficiaries bank account details
Incoming Telegraphic Transfers
Coastline Credit Union offers an Inward Telegraphic Transfer service to convert the funds and deposit them into your Coastline account.
The process to create an incoming telegraphic transfer payment instruction sheet that you can provide your overseas sender is simple.
Click on the image below to visit the American Express Secure Money Transfer portal.
Foreign Cash and Travellers Cheques
With over 60 currencies available we are confident we can provide you with the foreign cash you require, no matter where in the world you are going. Order at your convenience online or place an order at any of our branches. Your foreign cash will be available for collection within 48 hours from any one of our branches or an American Express Foreign Exchange office of your choice.
Conveniently convert your foreign currency into Australian Dollars for your local spending requirements. Should you have excess foreign cash, unused Travellers Cheques or receive a foreign currency cheque or draft, you are able to exchange these for Australian Dollars through the Credit Union's encashment service.
Foreign Currency Drafts
Foreign Currency Bank Drafts, commonly called drafts or foreign currency cheques, are simply bank cheques made to a recipient who can deposit the cheque directly into their own account. Drafts are an ideal payment method when you have small amounts to pay or you do not know the banking details of the person or beneficiary you need to send money to.
To order a Draft go to your nearest branch they are typically available within 48 hours.