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International Drafts

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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 beneficiary’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.
  • 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.
  Available currencies
United Arab Emirates Dirham Saudi Arabian Riyal
Canadian Dollar Solomon Islands Dollar
Swiss Francs Swedish Krona
Danish Krone Singapore Dollar
Euro Dollar Thai Baht
Fijian Dollar Tonga P'anga
Hong Kong Dollar British Pound
Japanese Yen United States Dollar
Norweigian Krone Vanuatu Vatu
New Zealand Dollar Western Soma Tala
Papua New Guinea Kina French Pacific Franc
Philippine Peso South African Rand
  What transfer details do I need to supply?
  • For us to arrange the draft you will need to provide us the details of the person you’re sending the 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?
  • Send us a secure email from within Internet Banking
  • Fax the transfer details to 02 9965 1222
  • Drop into your nearest branch
Ask MYCUCall 1300 655 116

The financial products referred to in this communication are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with My Credit Union. Fees & Charges and Terms & Conditions apply.

It’s important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A PDS is available for each financial product issued by WUBS from My Credit Union Limited or on the compliance section of our website. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.

This communication has been prepared solely for informational purposes and does not in any way create any binding obligations. The relationship relating to the financial products referred to in this communication are solely between you and the Financial Institution. No representations, warranties or conditions of any kind, express or implied, are made in this communication.

Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the issuer of the financial products referred to in this communication.

 

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