Bank drafts and telegraphic transfers are convenient means of forwarding funds overseas. These products are commonly used by businesses engaged in import or export transactions and by individuals sending money overseas to friends or relatives.
Arrangements can be made throughout the world with correspondent banks to facilitate the payment between you and overseas parties.
Bank drafts are an economical way of making payments to overseas businesses for goods or services. In the event of a lost or stolen bank draft, ANZ will refund the money or reissue you with a new draft (after confirming your identity and that the draft payment has not been paid).
Telegraphic transfers, by contrast are a fast way to send money overseas. Funds are directly deposited where recipients can usually receive their funds within 24 hours of dispatch.
Features at a glance
- Economical methods of transferring money overseas
- Fast access to funds (in most cases within 24 hours)
- Bank drafts can be issued in AUD, NZD, EUR and local currency (USD)
- Telegraphic transfers can be sent in AUD, CAD, EUR, FJD, HKD, JPY, NZD, WST, SGD, TOP, GBP and local currency (USD).
Buy a bank draft or arrange for a telegraphic transfer by visiting your local ANZ branch or call +1 684 633 1151 to speak to a Sales Consultant today. Please note these products are only available to deposit account customers.
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