Sending money via Draft
How does a Draft work?
A Draft is like a bank cheque made out in a foreign currency. It’s another way for you to make payments and settle a transaction
overseas, especially if you don’t have the receiver’s electronic bank account details. Drafts can be sent overseas via mail and are
available in a wide range of currencies.
Why should I use a Draft?
- Access to more than 25 currencies. Click here for more details.
Can be enclosed with letters or invoices and forwarded direct to the payee
Should your Draft go missing in transit, upon your notification, Western Union Business Solutions will normally be able to put a
stop on it and issue a replacement. Conditions apply – click here for a Drafts Product Disclosure Statement.
- Offers security around payment - Drafts are a non negotiable instrument and can only be credited to the payee's bank account, unless the payee has endorsed the draft.
What transfer details do I need to supply?
- For us to arrange the draft you will need to provide us with the details of the person you're sending money to (beneficiary).
- Person’s full name
- Person’s full street address
- Any special instructions for the transfer
- Currency and amount
How do I arrange a Draft?
- Complete the Foreign Drafts Order Form - Download the form here
- Send us a secure message from within Internet Banking with the transfer details
- Fax the transfer details to 02 6562 8940
- Drop into your nearest branch