If you are looking for a cost effective way to send money overseas, then consider sending your funds via a Draft. If you have no time constraints, are happy using mail and don't need the funds to go directly into an account, then a Draft is a good option for you.
How do they work?
A Draft is like a bank cheque made out in a foreign currency. It's an easy and affordable way for you to make payments or settle a transaction overseas.
Why are Drafts so popular for overseas payments?
- A Draft may be enclosed with letters or invoices and forwarded direct to the payee
- If a Draft is lost or stolen (and not presented), it can usually be cancelled and a new Draft issued
- An economical and secure way of sending a large amount of money overseas
American Express is the product issuer of the foreign exchange products.Please refer to the relevant (Travellers Cheques/Telegraphic Transfers) Product Disclosure Statement (PDS) or Disclosure Document (DD). The information contained in this document has been prepared without taking into account your objectives and financial situation or needs. You should request an American Express Financial Services Guide and read the PDS and/or DD and consider the appropriateness of International Payments and Travellers Cheques in relation to your individual requirements. American Express International, Inc. (ABN 15 000 618 208, AFSL No. 237996). Incorporated with limited liability in Delaware USA. ® Registered Trademark of American Express Company.