Foreign cheques & drafts

There are several ways to pay for goods and services purchased overseas. Three safe and convenient options are bank cheques, bank drafts and international money transfers.

Bank cheques

A bank cheque is drawn by a bank rather than by a customer and can be purchased for cash and a small fee.

International Bank Drafts

An International Bank Draft is similar to a bank cheque but is usually drawn in a foreign currency for an overseas payment. We offer drafts in 14 currencies issued in more than 20 countries.

The difference between an International Bank Draft and a bank cheque is that a draft may be able to be cleared as if it was a local cheque and does not have to be sent back to Australia to be cleared. This means the beneficiary will receive their funds sooner.

International Money Transfers

You can organise an International Money Transfer by visiting a branch or using NetBank.

Visit Online Support for more information on bank cheques, bank drafts and International Money Transfers.

 

• Important information
  Commonwealth Bank IMT, bank cheques and bank drafts are offered by the Commonwealth Bank of Australia ABN 48 123 123 124. Terms and conditions and fees and charges apply.