Simple, secure and inexpensive way to send funds internationally.
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.
All you need to provide us are the following details of the person you’re sending the money to (beneficiary) – person’s full name and address, any special instructions for the transfer, and the currency and amount.
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
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.
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Drafts are provided directly to you by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), pursuant to its agreement(s) with Beyond Bank. Other financial products are provided to you by Beyond Bank. Beyond Bank has appointed WUBS to assist in facilitating some financial products. Please note that fees, charges and terms and conditions apply and may vary depending upon the financial product.
If you are seeking to acquire Drafts, it is important for you to consider the Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not that financial product is right for you. The Drafts PDS is available from Beyond Bank or on the compliance section of the WUBS website (http://business.westernunion.com.au/). WUBS does not give you any advice, general, personal or otherwise.
Western Union Business Solutions is an operating division of the Western Union Company.