A draft is a cheap, simple option for sending money abroad. It is similar to a cheque, just let us know who the draft is to be made payable to, the amount of money you want to send, and the currency you want the draft in.
Your draft will normally be available within 2 working days. If the draft goes missing, Western Union will put a stop on it and re-issue the draft. If the funds are not needed urgently, a draft is normally your best money transfer option.
Drafts are provided directly to you by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), pursuant to its agreement(s) with Geelong Bank. Other financial products are provided to you by Geelong Bank. Geelong Bank has appointed WUBS to assist in facilitating some financial products. Please note that fees, charges and terms and conditions apply and may vary depending upon the financial product.
If you are seeking to acquire Drafts, it is important for you to consider the Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not that financial product is right for you. The Drafts PDS is available from Geelong Bank or on the compliance section of the WUBS website (http://business.westernunion.com.au/). WUBS does not give you any advice, general, personal or otherwise.
Western Union Business Solutions is an operating division of the Western Union Company.