Friday, March 19, 2010

BANK DRAFTS

Bank Drafts
A bank draft in a foreign currency is not much different from a cashier's check. The difference is that not only can you pay cash for this but you can also tell the bank to take the account directly out of your bank account. Obviously you must have an account in the bank that you are asking to make the draft. You will inform the bank about the recipient's name and full address. Since drafts go via mail or courier, the delivery time depends on the mailing service you choose as well as the location where they are mailed.

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