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Bank Draft

A bank draft is a secure international payment method, guaranteed by a bank. It can be issued in multiple currencies, depending on arrangements with correspondent banks, making it ideal for cross-border transactions.



Bank drafts offer a convenient and secure means of payment, and are more easily negotiated than postal money orders and are less vulnerable than cash to loss or theft.

Requirements for Bank Drafts :
  • Beneficiary’s name
  • Amount and Currency
  • Remitter’s name
  • Remitter’s Account Number
  • Purpose
  • Import permit (where required such as import of reconditioned cars, rice etc.)
  • Documentary evidence (where required such as invoices, statements, etc.)