When does an Intermediary Bank need to be used?
When does an Intermediary Bank need to be used?
An intermediary bank needs to be used when you are sending any currency other than the local currency of the destination country.
For example, when sending Australian dollars to the United States, as Australian dollars is not the local currency, payment must be forwarded to an Australian intermediary bank before going to the destination country (US).
The intermediary bank cannot be the same as the beneficiary bank specified or Suncorp Bank. You may need to request intermediary bank details from your payment recipient via their bank.
Refer to our Telegraphic Transfers into Australia page or a list of intermediary banks for non-Australian dollar payments required by Suncorp Bank.
