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Telegraphic Transfers.

Fast transfers at competitive rates.

Whether you're an individual or a business, conducting international transactions can be complex and time-consuming. That's where Telegraphic Transfers come in - they offer a secure and efficient way to transfer funds internationally.

Here’s How it Works

Telegraphic Transfers, also known as wire transfers or bank transfers, allow you to transfer funds from your bank account to a recipient’s bank account in another country. The funds are sent electronically, and the transfer typically takes one to five business days to complete. To initiate a Telegraphic Transfer, you’ll need to provide the recipient’s bank account information and the amount you wish to transfer.

 

For Individuals

  • Support family member(s) or close friends travelling overseas
  • Meet overseas tuition fees requirements
  • Settle offshore bills or loan commitments

For Businesses

  • Make import payments
  • Satisfy service/loan commitments
  • Settle bills or loan commitments abroad
Aerial view of shipping container freighter

For Individuals

For individuals, Telegraphic Transfers offer a convenient way to send money to friends or family members living abroad, or to conduct financial transactions such as purchasing property or paying bills in another country. Telegraphic Transfers are secure and reliable, and the recipient typically receives the funds within a few days.

Transaction Limits – Online

  • PGK 20,000 per calendar month
  • One-off remittances above K20,000 will require applying for foreign currency. See Ordering Foreign Currency for more details.

Transaction Limits – Branch

  • Undefined
  • One-off remittances above K20,000 will require applying for foreign currency. See Ordering Foreign Currency for more details.

Telegraphic Transfer Online

  1. Login to your Personal Online Banking Account
  2. Select International Money Transfer
  3. Ensure beneficiary details and addresses are correct
  4. Perform transaction
  5. If you experience connectivity issues, kindly fill out a Customer Instruction Letter (explain the issues), attach a valid form of ID and send it to kina@kinabank.com.pg for assistance. Otherwise, visit your nearest branch.

Important Information

  • Online transaction limit is PGK 20,000 per calendar month.
  • Transactions are restricted to private individuals only.
  • If you do not have the SWITF BIC, BSB Code or other Bank codes, please get in touch with the beneficiary for the respective codes.
  • Charges by beneficiary bank/agent (if any) imposed outside of PNG will be borne by the beneficiary and deducted from the amount payable.
  • The cut-off time for same-day processing is 12PM of each business day. Transactions performed outside of this time will be conducted the next business day. Transactions over the weekend or on a public holiday(s) will be performed on the next business day.
Telegraphic Transfer in Branch

If the international transfer request is less than PGK 20,000, proceed to steps 1 – 3 below. If the international transfer request exceeds K20,000, please submit a Foreign Exchange Order request. See Ordering Foreign Currency for more details.

How to Perform a Telegraphic Transfer OTC

  1. Prepare supporting documents (invoices, statements etc.)
  2. Fill out the Telegraphic Transfer Form.
  3. Present documents from (1) and (2) for processing.

For Businesses

For businesses, Telegraphic Transfers offer a fast and efficient way to conduct international transactions, such as paying suppliers or receiving payments from customers in other countries. Telegraphic Transfers are secure and reliable, and they can help businesses reduce the time and costs associated with traditional payment methods such as cheques or money orders.

Transaction Limits – Branch

    • Undefined
    • One-off remittances above K20,000.00 will require applying for foreign currency. See Ordering Foreign Currency for more details.
    Telegraphic Transfer in Branch

    If the international transfer request is less than PGK 20,000.00, proceed to steps 1 – 3 below.

    If the international transfer request exceeds K20,000.00, submit a Foreign Exchange Order request. See Ordering Foreign Currency for more details.

    How to Perform a Telegraphic Transfer OTC

    1. Prepare supporting documents (invoices, statements etc.)
    2. Fill out the Telegraphic Transfer Form
    3. Present documents from (1) and (2) for processing.

    Important Information: If your total remittances exceed PGK 500,000 for the year, a Tax Clearance Certificate has to be provided.