Account Channel

Service Specification

Cash-out MethodDirect credit to bank account in Australia Dollar (AUD).
Supported beneficiary account type – Individual only.
Transaction Turnaround TimeT+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, Tranglo system will only transmit the final status on the following business day(s) (Day 2 or 3) where applicable
Transaction sent on Saturday or Sunday and Australia’s public holiday will be processed on next Australia Banking day
Area availabilityAustralia nationwide
Validation / VerificationNo system validation on account available
Beneficiary name must match account number as stored by issuer bank
BSB Number is required
Beneficiary mobile number is required. · Beneficiary ID Number is required.
Amount receivedBeneficiary received net amount as specified by Sender
Transaction LimitMaximum per Transaction AUD 9,000.00
Minimum per Transaction AUD 1.00
Compliance accumulated limit AUD 10,000.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction fee will be refund if the transaction is Rejected
Cancellation ProcessCancellation is on best effort basis
RemarksBSB Code information
Beneficiary address is mandatory for Australia Bank Transfer.
Do_Transfer bAccType Value1

Supported banks

NameIssuer code
AMP Bank Limited 610002
Arab Bank Australia Limited 610003
Australia and New Zealand Banking Group Limited 610004
Australian Military Bank 610005
Australian Settlements Limited 610006
Bank Australia 610007
Bank of China Australia Limited 610008
Bank of Melbourne 610010
Bank of Queensland Limited 610011