Foreign exchange payment options
We can forward payments electronically to overseas parties in 28 currencies by telegraphic transfer. You simply nominate the beneficiary’s bank and account details and funds are usually credited to their account within 48 hours almost anywhere in the world. Customers can initiate a telegraphic transfer at any of our branches or through our business banking centre.
A draft is an international bank cheque issued in a foreign currency. We can issue drafts immediately on request at any of our branches in 26 different currencies. Drafts are an economical method of making non urgent overseas payments. You simply post the draft to the payee.
Negotiation of overseas cheques
Travellers cheques can be cashed at any of our branches. Other foreign currency cheques may be able to be negotiated based on your account association.
The Bank has developed an introductory guide to importing and exporting which covers some basic definitions and methods of payment, and highlights risks to be aware of.
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