A draft is similar to an international bank cheque, made out to the beneficiary in their local currency and can be used to make payments or for settling transactions overseas.
| Code | Currency | Code | Currency |
|---|---|---|---|
| AED | United Arab Emirates Dirham | KES | Kenyan Shilling |
| AUD | Australian Dollar | MXN | Mexican Peso |
| BHD | Bahraini Dinar | NOK | Norwegian Krone |
| CAD | Canadian Dollar | NZD | New Zealand Dollar |
| CHF | Swiss Francs | PHP | Philippine Peso |
| DKK | Danish Krone | SAR | Saudi Arabian Riyal |
| EUR | Euro | SED | Swedish Krona |
| FJD | Fijian Dollar | SGD | Singapore Dollar |
| GBP | British Pound Sterling | THB | Thai Baht |
| HKD | Hong Kong Dollar | USD | United States Dollar |
| INR | Indian Rupee | XPF | Tahitian Franc |
| JPY | Japanese Yen | ZAR | South African Rand |
As at 1 November 2014
This information is a summary of features & benefits only. We do not provide advice about this product based on any consideration of your personal objectives, financial situation or needs. To decide if it is right for you please carefully read the relevant Product Disclosure Statement.
The issue of foreign drafts is arranged by Western Union Business Solutions (WUBS) ABN 24 150 129 749, AFSL 404092 . In arranging a foreign draft, Auswide Bank Ltd (Auswide Bank) ABN 40 087 652 060 AFSL 239686 acts as an agent for WUBS and not as your agent. If you buy WUBS products, Auswide Bank may be paid commission. To help you make an informed decision about whether to acquire a WUBS product through Auswide Bank you should read our Auswide Bank Financial Services Guide.
* It is a requirement under the AML/CTF Act 2006 that identification is collected when applying for this product - if you are not an existing Auswide Bank client who has been previously identified, it will be necessary to produce acceptable forms of identification.
+ Delivery is subject to normal order cut-off and delivery times
^ If a Draft is lost or stolen it can usually be stopped and a new draft issued – unless it has already been presented for payment.
