Foreign Drafts
Foreign Drafts
Feel at home with overseas
payments
Make foreign
currency payments with confidence.
Foreign Drafts from Fincrego Bank
provide your business with a secure
method of settling overseas
invoices.
Flexible and
reliable, it’s the ideal cost-effective
solution for non-urgent
transactions.
Guaranteed by
the drawer’s bank – prevents drafts
being returned
unpaid
Available in selected
currencies, including Sterling
Can
be sent directly to beneficiaries with a
note of advice
More
Benefits
Secure –
guaranteed payment by the drawer’s bank;
the draft cannot be returned unpaid
unless lost or
stolen
Complementary
Solutions
Foreign Currency
Current Account
Foreign
Exchange
Important
Information
No
minimum
amount
Limited to
$100,000 or $150,000 (Australian,
Canadian, New Zealand and
US)
Alternative option –
SWIFT
Costs
Standard charges
can be found in the interest rates and
charges section. Speak to your
Relationship Manager for more
details
Terms and
conditions:-
All
application fields are mandatory and
must be completed
Forms must bear
proper authorisations from your branch
or Business & Private Banking
Centre
Full terms and
conditions are available on
request
† Whilst payment is
guaranteed by the drawers bank; in
certain circumstances, it may be
returned unpaid to the beneficiary (i.e.
if the Foreign Draft is reported lost or
stolen, or the Foreign Draft is unable
to be processed by the beneficiary’s
bank).