Send money from overseas
If you need to send money to overseas friends or businesses, we can help. We work with foreign exchange specialist, Western Union Business Solutions (WUBS) to offer a range of timely and reliable international payment options.
Drafts
Send a bank draft in the post to make overseas payments
Drafts
A draft is like a bank cheque made out in a foreign currency. It's another way to make payments and settle a transaction overseas, especially if you don't have the receiver's electronic bank account details.
Why should I use a draft?
- Can be sent in the post – a draft can be enclosed with letters or invoices and forwarded direct to the beneficiary.
- Secure – drafts are non-negotiable and can only be credited to the beneficiary's bank account (unless the beneficiary has endorsed).
- Can be stopped if missing in transit – WUBS can normally put a stop on the draft and issue a replacement.
- Wide range of currencies offered
view currency list
How do I arrange?
We’ll arrange a draft for you, you just need to provide:
Your full name
Your full street address (PO Box addresses are not acceptable)
Currency and amount
What fees apply?
Transaction fees apply. Refer to the Schedule of Fees for details.
Terms & conditions
Please note that fees & charges and terms & conditions apply to telegraphic transfers and drafts.
Drafts are issued by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092 trading as Western Union Business Solutions (“WUBS”). WUBS is an operating division of the Western Union Company. Please consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a draft is the right financial product for you. These documents are available either from Great Southern Bank or on the compliance section of the WUBS website.
Any advice contained on this website is general advice only and does not take into account your objectives, financial position or needs (your ‘circumstances’). Before making a decision whether to purchase or continue to hold this product, please consider whether any advice is appropriate for your circumstances.