FAQ: Telegraphic Transfers



 
Q
What is a Telegraphic Transfer?

A A telegraphic transfer is a bank to bank transfer and can be used to prepay and pay for your hotel accommodation, tour, car hire etc. directly.
To utilise this product for payment you would need an original foreign invoice and full banking details.


 
Q
How long does it take?

A A telegraphic transfer takes about two to three days not taking weekends and public holidays into account.


 
Q
Can money be transferred to myself abroad?

A Yes, a person locally can transfer money to you abroad only if you have not utilized your full travel allowance. You need to go to a bank that’s closest to you overseas and advise the full banks address to the person here locally, in order for MC to do the transfer.


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