Receiving Money from Overseas

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Do you want to receive an international payment from family members or your trading partners? First Option, in association with Western Union® Business Solutions, is the one-stop shop for international transactions of any size.

Inbound Global Transfers

An Inbound Global Transfer (IGT) is a fast and reliable option for receiving international payments into your First Option account. It's a low cost alternative to SWIFT transactions.

  • Quicker and more cost effective
  • Better value for senders and beneficiaries
  • Affords preferential exchange rates
  • 28 currencies available
More Information
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Foreign Cheque Deposits

When you receive a cheque in a foreign currency you can either bring it into one of our branches or send it to us with your account details. We will arrange for the cheque to be converted into Australian dollars and deposited to your nominated First Option account. (Note: Foreign cheques deposited to your First Option account are subject to clearance.)

  • Most personal, bank, company or government foreign currency cheques can be converted
  • Money orders are not accepted
  • Cheques can be converted from a range of foreign currencies
More Information
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The financial products (Drafts and Telegraphic Transfers) referred to in this communication are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 40409, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with your Financial Institution. Fees & Charges and Terms & Conditions apply.
It's important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A Draft PDS is available for each financial product issued by WUBS from your Financial Institution or on the compliance section of our website. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.
This communication has been prepared solely for informational purposes and does not in any way create any binding obligations. The relationship relating to the financial products referred to in this communication are solely between you and the Financial Institution. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the issuer of the financial products referred to in this communication.

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