If you need to send money overseas, Qudos Bank can arrange a foreign currency International Bank Draft to be posted to a nominated address1.

How do they 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 if you don't have the electronic bank account details. Drafts can be sent overseas via the mail and are available in a wide range of currencies.

 

Benefits of Drafts:

  • Access to over 25 currencies
  • They can be enclosed with letters or invoices and forwarded direct to the payee
  • A draft can be an economical method of transferring funds to a specific company or person overseas
  • A draft provides security of payment as it is a non-negotiable instrument and can only be credited to the payee’s bank account, unless the payee has endorsed the draft

 

What 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).

How to apply for a draft: