Outward Telegraphic Transfer is a payment sent by SWIFT/Telex to an overseas party and the beneficiary can expect to receive payment on the same day or within a few days depending on the destination, currency, and the agent bank used.
Bank BNI has a very extensive network of correspondent banks and overseas branches. You can, therefore, transfer funds in various currencies to many locations around the world.
If you need to transfer a fixed amount overseas regularly (eg. monthly, bi-monthly, quarterly, half-yearly, yearly) to the same party, you may wish to sign-up for a fixed standing instruction. With this service, you only need to provide a one-time instruction to the bank and the recurring payments will be made automatically as per your instruction.
