Foreign Currency Drafts A secure and affordable alternative to electronic transfers
A draft is like a bank cheque but made out in foreign currency. It’s a simple way to send money to friends and family overseas in an affordable way, or to settle overseas payments, especially if you don’t have the receiver’s bank account details.
Drafts are sent overseas via mail and are available in a wide range of currencies, including all major currencies, such as US Dollars, Great British Pounds and Euros.
To arrange for a draft to be issued, you need to provide us with the following details of the beneficiary:
- Full name
- Full street address (cannot be a PO Box)
- Any special instructions or reference notes
- The currency required and the amount.
The draft will normally be available for your collection at your local branch within 48 hours.
Should your draft go missing, you can easily stop it and arrange for a re-issue
Secure method of payment
Drafts can only be negotiated (banked) by the payee
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Foreign Currency Drafts 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 Credit Union SA Ltd ABN 36 087 651 232 AFSL 241066. Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the product issuer. Fees apply. This is general information only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.