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Increase daily transfer limit

Posted by Lilyclp Lilyclp
Message 1 of 2 539 Views

hi, i need to transfer more than 50k on Mon, so i check everywhere online, but cant find any form that can fill to make such request, can anyone help?

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Re: Increase daily transfer limit

Posted by DanaeC DanaeC
Message 2 of 2 537 Views

Hi @Lilyclp, thanks for getting in touch.

 

If you're registered with the SMS Code Security function, you'll be able to increase your Online Banking transfer limit up to $20,000 per day yourself via the “Payment Limits” tab under “Payments and Transfers.” This means you can make the payment over multiple days, at no cost.

 

If you are required to provide the funds in one transaction, you can attend your closest Bankwest branch (find us here) and obtain a Bank Cheque, for a fee of $10.00. A Bank Cheque will debit the funds from your account immediately, and once deposited into the recipients account can take 3 - 5 business days to clear.

 

Alternatively, you can request that we process a Real Time Gross Settlement (RTGS). There is a fee of $35 for this, as well as a possible $10 inward payment order fee on the receiving account. If you are able to make it to your closest branch to have this actioned prior to 12.15pm AWST on a Business Day, the funds should be credited into the recipient's account by Close of Business the same day.

 

If you are unable to visit a branch, you will be able to complete the RTGS form (available here), to process a Real Time Gross Settlement. The form does state International Transfer Form, but the required details are the same - just disregard the SWIFT Code and Exchange Rate details. The completed form can be sent to IMT.Retail@bankwest.com.au, or faxed to 1300 130 885 for action within 2 - 3 business days. Please note the request can only be submitted via this option, if you are currently overseas, or over 50km away from a store.

 

I hope this helps Smiley Happy

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