This is a secure way to send money directly to another person, rather than to a bank account. It’s like writing a bank cheque in the local overseas currency. You have more currency options with an international bank draft than with direct credit.
There are two ways to send an international bank draft. By:
Bank drafts purchased through internet banking will be mailed direct to the recipient on your behalf. Delivery times may differ from country to country but are usually within 10 business days.
This service can also be requested at your local Kiwibank, or you can choose to collect your bank draft the following day (as long as it’s ordered before 3pm) and arrange postage yourself.