Transfer Money Overseas with Banking Transfers
Banking Transfers
Sending a Personal or Company Check
It's easy to send, but it may be really difficult to get it cashed.
Some countries have less organised banking systems than others and may object to foreign checks
The fees are fairly high for checks, and may be around $50 for processing
Foreign Drafts (Bank Cheques/Checks)
A draft is a bank check made out in the name of the person you want to pay, in the currency you choose.
A draft cannot be made out to, or exchanged, for cash - so only the person you name on the draft can receive value for it. There is no expiry date, but a draft can be stopped if it's lost or stolen.
Wire Transfers (Telegraphic Transfers)
It's designed to be safe - funds go to the overseas bank so they can't go missing. And you can trace sent funds.
You will need the bank and branch details of where the money is going; the recipients account number as well as the branch identifier if available ie. Sort Code, BSB number, FW number, Swift or IBAN number..
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