*Mandatory fields – must be completed in full before forwarding to CDF for processing.
Digital signatures are not accepted. Form to be authorised with wet ink signatures.
The Catholic Development Fund (CDF) assumes no responsibility for circumstances beyond its control, including but not limited to actions of other parties connected to the transaction. In the absence of its proven negligence, the CDF shall not be liable for any loss or damage suffered as a result of the CDF acting on these instructions in good faith.
Subject to circumstances beyond the CDF’s control (such as international communications breakdown and problems or delays in the processing of the payments to or by the overseas bank), money sent overseas is normally credited to the beneficiary within seven business days (Australian time) of the Commonwealth Bank (CBA) releasing the payment instructions. Payment of the transferred money to the beneficiary is the responsibility of overseas banks. The timing of the payment and conversion to a local or other currency is subject to the domestic payment regulations and individual Correspondent Bank practices in the country of the beneficiary and therefore beyond the CDF’s control. All inquiries to overseas banks concerning payment will be at the cost of the sender.
By applying for an International Money Transfer:
- I/We acknowledge that, in order for the CDF to make payment it may have to utilise the services of other banks, other than the one(s) requested.
- I/We acknowledge that the CDF will be obliged to accept the return of proceeds of a money transfer if acceptance of those proceeds is refused for any reason by any party connected with or having jurisdiction over the transaction.
- Any proceeds so received may be credited to the account to which the money transfer was originally debited. The CDF will not be liable to any party for any losses or damage whatsoever as a result of the return of proceeds in such circumstances.
- I/We also acknowledge that the CDF has an absolute discretion to decline to process my/our application for a money transfer if the CDF believes (whether on reasonable grounds or otherwise) in good faith that processing the application would offend against any policy or law relating to money laundering and/or the national interests and/or the national security of any State. The CDF will not be liable to any party for any loss or damage whatsoever arising from any decision based on any of the above grounds not to process my/our application.
- I/We acknowledge that exchange rates are indicative only and are subject to change. The exchange rate will be determined when my/our transaction is confirmed and the rate printed on my/our confirmation receipt is the rate that will apply to my/our payment, regardless of when my/our payment is processed.
Foreign currency funds returned to the CDF for any reason will be converted back to Australian dollars using the CBA carded exchange rate applicable on the day the notification of the return is received and will be credited to the remitter’s account specified in the international money transfer application.
A fee will apply for each money transfer remitted in Foreign Currency and for each Money transfer remitted in Australian Currency – refer to the CDF Fee Schedule. Fees will be charged separately to the remitter’s CDF account. In addition to this fee, the processing of this payment to the beneficiary will be the subject of fees and charges imposed by overseas banks involved in the transaction. There may be more than one overseas bank involved, each of which may seek reimbursement for its services. Overseas banks will be instructed to deduct their fees from the payment.
Where such fees and charges are deducted, you must assume that the beneficiary will receive a lower amount than the amount sent. If for whatever reason the overseas bank or their correspondent bank fails to observe these instructions, the remitter will reimburse the CDF for any fees or charges which an overseas bank may separately levy against the CDF.
