Foreign Currency Drafts
Foreign Currency drafts are most commonly used for relatively low value transactions or where there is a need to hand over a payment or post it with a remittance advice.
Foreign Currency Drafts:
 A fast alternative to a telegraphic transfer
Highly secured, low fraud payment type
Payment is easily traceable from issue to deposit
Received within 48 hours from request
Foreign Currency Drafts avoid any payment delays for the payee as the Currencies 4 You foreign currency draft is issued on an account in the country it will be cashed.
Once issued, the draft is instantaneously validated via an electronic message from the issuing bank before the recipient’s bank will honour the draft - this makes the potential for fraud much less.
To find out more about Foreign Currency Drafts please feel free to contact one of our payments team on 0845 3710 567.
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