International Drafts

International Drafts

An international draft is like a bank cheque made out in a foreign currency, and is the more affordable means of settling a transaction overseas.

Sending money via an international draft is best if you don’t have any time constraints, are happy using the mail and you don’t need the funds to be paid directly into an account.

International drafts are also non-negotiable and can be enclosed with letters or invoices. If lost or stolen, a draft can usually be stopped and a new one issued, just as long as it hasn’t been presented.




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