Foreign currency drafts

Settlement option with high security

Foreign currency drafts are most commonly used for relatively low value payments or when there is a need to hand over payment or post it with a remittance advice. While electronic transfers are becoming increasingly popular, there are still specific commercial situations when drafts are preferable.

Currencies Direct provide foreign currency drafts for business customers who are looking for a fast settlement option with high security where payments can be traced from issue to deposit. Foreign currency drafts are issued from local in-country accounts to avoid foreign cashing fees.