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Foreign cheques and drafts

International Bank Drafts

  • An International Bank Draft is similar to a bank cheque but is drawn in a foreign currency for an overseas payment
  • We offer drafts in major currencies issued in more than 20 countries
  • A draft can be cleared as if it was a local cheque and doesn’t have to be sent to Australia to be cleared. This means the recipient will receive funds sooner
  • You can buy an International Bank Draft at any of our branches


Depositing foreign cheques

  • We will accept foreign currency cheques in a wide range of currencies
  • Foreign currency cheques cannot be cleared like a cheque that is issued in Australia. CommBank must send the foreign currency cheque overseas to the bank that issues the cheque to obtain clearance and receive the money
  • Some cheques will need to be sent overseas for processing before they can be deposited into your account, whilst others may be deposited into your account immediately.

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Related products

Send money easily and safely to over 200 countries in up to 37 currencies. Available in NetBank or in any branch.

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A tailored solution for those who regularly send money overseas or need to hold savings in another currency.

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