Australia

Account channel

Service specification

Type

Description

Direct to Bank method

Direct credit to bank account in Australia Dollar (AUD).
Supported beneficiary account type – Individual & company.
Supported sender type - Individual & company.

Transaction Turnaround Time

· T+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 availability

Australia nationwide

Validation / Verification

· No system validation on account available
· Beneficiary name must match account number as stored by issuer bank
· BSB Number is required
· Sender Address, Sender City & Sender Postcode are required
· Beneficiary address are required including Beneficiary Province(State), Beneficiary Regency(Suburb) and beneficiary Postcode are Mandatory Fields.
· Beneficiary mobile number is required.
· Beneficiary ID Number is required.
· Beneficiary DOB is required.

Amount received

Beneficiary received net amount as specified by Sender.

Transaction Limit

Maximum per Transaction AUD 25,000.00
Minimum per Transaction AUD 1.00
Compliance accumulated limit AUD 70,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.

Maximum Beneficiary

No restriction

Service Charge

Transaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.

Cancellation Process

Cancellation is on best effort basis.

Remarks

1. BSB Code information : https://www.thebsbnumbers.com/banks/

2. Beneficiary address is mandatory for Australia Bank Transfer.
A) Guidelines for Bene Address Of Australia.
The correct (Bold) Beneficiary Address format as below:
i) BeneAddress (short address) - 12, Old Eltham Road
ii) bProvinceCode (state) - NSW
iii) bRegencyCode (suburb/ City) - Parramatta
iv) bPostCode- 2150
BeneAddress should have: Unit/number and street portion of an address.
Do not provide: suburb, town, city, postcode, state, country name in BeneAddress fields.
B) List of Australia State (bProvinceCode) for your reference.

Australia State Code (bProvinceCode)	Australia State Name (Description)
NSW	New South Wales
QLD	Queensland
SA	South Australia
TAS	Tasmania
VIC	Victoria
WA	Western Australia
ACT	Australia Capital
NT	Northern Territory

C) Australia Suburb (bRegencyCode) for reference: https://auspost.com.au/locate/post-office/nsw
D) Australia Post code (bPostcode) = 4 digits.

3.For Australia transaction, there are few purpose code that only for Business Sender and Beneficiary type.

The list of purpose code for Business Type is as below:

No	Purpose Code	Purpose Code Description	Sender Type	Beneficiary Type
1	01000	Beverages and Tobacco	Business	Business
2	02000	Crude Materials, Inedible except Fuels	Business	Business
3	03000	Mineral Fuels, Lubricants and Related Materials	Business	Business
4	04000	Animals and Vegetable Oils, Fats and Waxes	Business	Business
5	05000	Chemicals and Related Products, n.c.e.	Business	Business
6	06000	Manufactured Goods	Business	Business
7	07000	Machinery, Non-Customised Packaged Software and Transport Equipment	Business	Business
8	07100	Power Lines, Pipelines and Undersea Communication Cables	Business	Business
9	09000	Miscellaneous Transactions and Commodities n.c.e.	Business	Business
10	09700	Mineral Fuels, Lubricants and Related Materials	Business	Business
11	10010	Goods for Processing/Manufacturing Services	Business	Business
12	13110	Goods and Services by Travellers	Business	Business
13	13210	Goods and Services	Business	Business
14	13220	Goods and Services by Short Term Workers	Business	Business
15	14420	Subsidiaries on Products and Productions	Business	Business
16	15000	Government Goods and Services Transactions N.I.E	Business	Business
17	16321	Claim Settlements on High Risk Insurance Relating to Fire, Marine, Aviation etc.	Business	Business
18	16322	Claim Settlements on Other General Insurance	Business	Business
19	16323	Claim Paid/Received on Life Insurance	Business	Business
20	16324	Claim Paid/Received on Reinsurance	Business	Business
21	16325	Claim Paid/Received on Insurance on Goods	Business	Business
22	16711	Merchanting trade in Malaysia	Business	Business
23	16712	Merchanting trade in Abroad	Business	Business

Do_Transfer bAccType Value

Supported bank

No	Name	Issuer code
1	AMP Bank Limited	610002
2	Arab Bank Australia Limited	610003
3	Australia and New Zealand Banking Group Limited	610004
4	Australian Military Bank	610005
5	Australian Settlements Limited	610006
6	Bank Australia	610007
7	Bank of China Australia Limited	610008
8	Bank of Melbourne	610010
9	Bank of Queensland Limited	610011
10	Bank SA	610013
11	Bendigo and Adelaide Bank Limited	610015
12	Beyond Bank Australia	610016
13	Commonwealth Bank	610017
14	Defence Bank	610018
15	Delphi Bank	610019
16	Heritage Bank	610021
17	HSBC Bank Australia Limited	610023
18	Hume Bank	610024
19	IMB Bank	610025
20	ING Direct Australia Bank	610026
21	Macquarie Bank Limited	610027
22	Members Equity Bank Pvt Limited	610028
23	National Australia Bank Limited	610030
24	P&N Bank	610031
25	St. George Bank Limited	610036
26	Suncorp-Metway Limited	610037
27	Teachers Mutual Bank Limited	610038
28	Westpac Banking Corporation	610041
29	Auswide Bank	610043
30	Citibank Australia	610044
31	Australia Post Money Orders	610045
32	Rabobank	610046
33	B And E Limited	610047
34	Bank of America National Association	610048
35	Bank of Communications Co., Ltd Sydney Branch	610050
36	Bank of Sydney Ltd	610051
37	Bankwest	610053
38	Big Sky Building Society Limited	610054
39	BNP Paribas	610055
40	BNP Paribas Securities Services	610056
41	Capricornian Limited	610057
42	Community First Credit Union Limited	610058
43	Credit Union Australia Limited	610060
44	Cuscal Limited	610061
45	Deutsche Bank Aktiengesellschaft	610062
46	G And C Mutual Bank	610065
47	Gateway Credit Union Limited	610066
48	Heritage Isle Credit Union Ltd	610068
49	Holiday Coast Credit Union Ltd	610069
50	Indue Ltd	610071
51	Industrial and Commercial Bank of China Limited	610072
52	JP Morgan Chase Bank, National Association	610074
53	Maitland Mutual Building Society Limited	610075
54	Mega International Commercial Bank Co Limited	610078
55	Mizuho Bank Limited	610079
56	Newcastle Permanent Building Society Ltd	610080
57	Reserve Bank of Australia	610083
58	Southern Cross Credit Union Ltd	610087
59	State Street Bank and Trust Company	610088
60	Sumitomo Mitsui Banking Corporation	610089
61	Summerland Credit Union Ltd	610090
62	Sutherland Credit Union Ltd	610091
63	Taiwan Business Bank Sydney Branch	610092
64	Tyro Payments Limited	610093
65	UBS AG Australia Branch	610094
66	United Overseas Bank Limited	610095
67	Uniting Financial Services	610096
68	Warwick Credit Union Ltd	610097
69	Advance Bank	610098
70	BOQ Specialist	610099
71	Challenge Bank	610100
72	China Construction Bank	610101
73	OCBC Bank	610102
74	RACQ Bank	610103
75	Regional Australia Bank	610104
76	Unity Bank	610105
77	Town And Country Bank	610106
78	Bankers Trust Australia	610107
79	MUFG Bank	610108
80	Volt Bank	610109
81	Bananacoast	610110
82	Endeavour Mutual Bank	610111
83	Home Building Society	610112
84	Pioneer Permanent Building Society	610113
85	Queensland Country Credit Union	610114
86	The Rock	610115
87	MOVE	610116