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Corporate Money transfer.
Bank draft.
EFT.
Global transfer.
Forex terminology.
Forex - Foreign Money Exchange and Transfer.
Some options for transferring currency - discuss the right way with a broker.
Foreign Currency
Travelers Checks
Bank Drafts
International Wire Transfers
Currency Buy Back
Normal Shipping
Express Shipping
Shipping payments not necessary for International Wire Transfers
For Treasury Services:
Outgoing Foreign payments
Bankers draft under £5000
Bankers Draft
Electronic fund transfer (EFT) under £5000
Electronic fund transfer (EFT) over £5000
Incoming Foreign payments
Bankers draft under £5000
Bankers Draft over £5000
Sterling Payments
Cheque
BACS
CHAPS
Bureau de Change
Foreign Currency :
Travellers Cheques :
Bankers draft under£5000
Bankers Draft over£5000
Electronic fund transfer (EFT) under £5000
Electronic fund transfer (EFT) over £5000
Currency Buy Back :
Normal Shipping :
Express Shipping :
Credit card payment
Some credit card companies
may levy a charge as it is deemed as a cash advance.
Pro's: International Drafts are an accepted payment practice throughout the world. International Drafts are available in more than 200 currencies
Con's: If the international draft is sent by mail there will be a time delay in the supplying company receiving the funds for the imported goods. You may find that it can take anywhere from 2 - 20 days for the supplier company benficiary to receive payment. The beneficiary may experience delays in accessing funds after depositing it into their bank account - check with your broker if this is important.
Get the benefit of the brokers advise on how best to make your international money transfers - in the currency of your choice.