Drafts and Telegraphic Transfers
Drafts
A Travelex draft is either a bank or company cheque, made out to your nominated payee in a foreign currency. A draft is similar to a personal cheque and can be used to make payments or for settling transactions overseas. Drafts can be sent via overseas mail, and are available in a wide range of foreign currencies.
Telegraphic Transfers
Telegraphic transfer enables you to transmit funds electronically to credit a nominated payee’s overseas bank account in a specified currency (usually within 24 to 48 hours). Funds can also be transferred to most Travelex offices worldwide for collection in the form of cash or travellers cheques.
WARNING: The advice contained in this document has not taken into account your objectives, financial situation or needs. Before acting upon it, you should consider its appropriateness with regard to your objectives, financial situation and needs.
All product terms and conditions are subject to change.
Travelex Limited (ABN 36 004 179 953, AFSL 222444) is the issuer of, or may arrange for, the issue of these products other than the Cash Passport Debit Card. Heritage is the issuer of the Cash Passport Debit Card. Product Disclosure Statements (PDS) are available for certain products, and can be obtained from your local Heritage Branch or at Travelex's website. You should review the relevant PDS before deciding to acquire the product.