Foreign Drafts
Foreign Drafts
Feel at home with overseas
payments
Make foreign currency
payments with confidence. Foreign Drafts from
Express Capitol 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).