Bankwest Forum

Ask a new question
Reply
Rik
New Member
SOLVED
Accepted Solution

How long does it take to transfer funds using the IMT form?

Posted by Rik Rik
Message 1 of 2 348 Views
 
Reply
0 Kudos
Moderator
SOLUTION

Re: How long does it take to transfer funds using the IMT form?

Posted by DanaeC DanaeC
Message 2 of 2 344 Views

Hi @Rik, thanks for your enquiry. Once the form has been received, our IMT Team will attempt to contact you within 3 - 5 business days to confirm your identity, and the details of the transfer. Please ensure that the number we have recorded on your customer profile is the number that you wish them to call you on.

Once this has been done, the funds would generally be received within 3 - 5 business days for an International Transfer, however this is dependent on the processing times of correspondent banks*, and therefore transfers to some countries can take longer. 

*In some cases it may be necessary for correspondent banks to be utilised to assist in the transfer. As banks do not hold offices in every country, it is necessary to establish reciprocal agreements with a representative bank that may assist in getting the funds transferred successfully to the destination.
 

If a correspondent bank is needed for assistance in the transfer, they are entitled to charge a fee for their services. Other bank charges and fees are unknown to us and therefore not accounted for in the fees quoted when making the transfer. This could mean that the recipient may receive a lesser amount in their account than what you have sent them. Other bank fees and agent fees are out of our control.

Reply
0 Kudos
Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.