An Inward Telegraphic Transfer (also known as an “inward wire”) is an electronic transfer of funds directly credited to your account from an Overseas bank. In most cases a Telegraphic Transfer is the quickest way to receive funds from abroad. The payment instruction will be received as a SWIFT (Society for Worldwide Interbank Financial Telecommunication) Message.
Customer must have an account with Bred Vanuatu, and must comply with AML requirements.
* If amount is 1 million vatu or more, the customer is required to provide source documents (e.g. Taxation slip )
* If transfer comes from a sensitive country, the customer is required to provide source documents (e.g. Rental agreement).
* If the beneficiary is an International company, or Trust company, or PEP or Service Provider, they are require to provide source documents (e.g. proof of property sales).
Turn around time
Receiving date or 2 days value.