Sending Money via Draft

Western Union Product Disclosure Statement for Drafts (.pdf)

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.
  • 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 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 Online Banking
  • Fax the transfer details to: [sc name=”Company_Phone_Fax”]

Drop into your nearest branch