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International Drafts

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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 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?

  • Fax the transfer details to: 03 5225 1544
  • Drop into your nearest branch
 

More Information

Questions?

If you have any questions, contact us

FCCS Credit Union has appointed Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092), trading as Western Union Business Solutions (“WUBS”) to assist in facilitating some foreign exchange products and services. Drafts are provided directly to you by WUBS, pursuant to its agreement(s) with FCCS Credit Union .  
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 FCCS or on the compliance section of the WUBS website (http://business.westernunion.com.au/about/compliance/). 
The relationship relating to Drafts is solely between you and WUBS. Any advice provided is general in nature and does not take into account your personal objectives, financial situation or needs. WUBS does not give you any advice, general, personal or otherwise. Any advice provided, is provided by FCCS Credit Union or your adviser. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication. 
WUBS is an operating division of the Western Union Company.