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Commonly Asked Questions about Bdo foreign domestic telegraphic transfer Application Forms

So, when you hear the term telegraphic transfers, all you need to know is that it refers to international money transfers made from one account to another. Its synonymous with terms like bank transfer, wire transfer, or SWIFT transfer, which are now more commonly used to describe the same process.
Verify with Your Bank: Ensure your bank offers TT services. This is usually available at most major banks. Collect Recipient Information: Include their name, account number, and their banks BIC/SWIFT code for international transfers. Specify Transfer Details: Decide the amount and currency for the transfer.
Foreign Telegraphic Transfer (FTT) is an electronic means of transferring foreign currency in Malaysia or in foreign country. Login as Data Entry user; Under Payment tab; Select Foreign. Click Foreign Telegraphic Transfer.
For example, if you want to send MYR to the United Kingdom, you log into your Wise account, and pay in MYR to Wises bank account based in Malaysia. Then a GBP transfer is sent to the recipient, from a Wise bank account based in the UK. Its simple, but its smart.
TT is a mode of transfer of funds electronically, widely used until the 1990s. Telegraphic transfers are also known as telex transfers, abbreviated TT. TT is the fastest mode of funds transfer in earlier days. TT takes 2-4 days to transfer the money depending on the origin and destination of the transfer.
If youre happy with the terms of the transfer, youll need to provide the recipients name and basic bank details - often an IBAN and BIC/SWIFT code. You might need the recipients address, and even their banks address, as well.
Firstly, youll need your own details (name and bank account details). Then, youll need the recipients details, including the name of their bank, bank account number, name, address, and contact information. You may also need to include their IBAN number or SWIFT code.
A Domestic Telegraphic Transfer (DTT) is a method of transferring funds between banks within Australia on the same day. Note, you cannot set a DTT to occur on a date in the future. If youd like to set up a one-off future dated payment, see Make a payment.