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Drafts are available as International Drafts or sterling Bankers Drafts, depending on your need.
Benefits
- Low cost
- Documentation and/or correspondence can be attached
- Drafts can be drawn in sterling and most world currencies
- Drafts do not have a stated expiry period and you choose how and when you want to send them.
International Drafts
An International Draft is a guaranteed, indefinitely valid HSBC Bank cheque, which is payable at a specific bank in a specific country.
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| Drafts @ a Glance |
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Key benefits
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Low cost
Documentation and/or correspondence can be attached
Drafts available in sterling and most world currencies
No stated expiry period, you choose how and when you want to send it.
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Eligibility
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Suitable for any account holding customer
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Charges and Fees
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Variable based on value and destination
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Drafts are a low cost, convenient way of making non-urgent payments abroad, or non-urgent payments in euro within the United Kingdom. They are particularly useful if documentation or correspondence needs to be sent with payments.
You are not restricted to a minimum or maximum number of drafts, and they can be drawn for any amount in most currencies. Any conversion of currency will be at the exchange rate on the day of issue.
Bankers Drafts
Issued in sterling only and similar to a cheque but drawn by the bank, these provide near certainty that they will be paid on presentation. They are payable on demand to the named payee and are ideal for large sums of money, particularly where delivery of goods is concurrent.
What are the costs?
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International Drafts
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Per draft
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For drafts up to and including £100 (or its equivalent in another currency)
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£15
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Above £100
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£20
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Charge to stop or cancel a draft
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£10
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Drafts ordered via Hexagon
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£20 flat
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| Notes: Charges for issuing a draft are payable at the time of issuance, or shortly after. The charge to stop or cancel a draft is made at the time we are instructed. In some countries stamp duty may be deducted from the amount paid to the beneficiary. |
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Bankers Drafts
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Flat rate
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£15
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Next Steps
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