Foreign drafts are frequently used as an alternative payment method for International Wire Payments to fulfill payment overseas. Foreign drafts carry less fees than International Wire Payments. As such, International Wire Payments are processed and received much quicker than drafts, since drafts are delivered to the bank for the individual to pick up and send to their recipient.
Foreign draft issuance features
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Foreign bank drafts are available in several currencies
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Alternative to electronic fund transfers
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Automated requests through the EBCFX platform
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Dedicated trader and support team
Pay foreign invoices with accuracy
Quicker clearing time
Testimonials
In the past, my company used services like World Remit or traditional wire transfers through our bank but EBC has made it super convenient to send money from the comfort of our offices. The service is excellent and the processing times are very quick!
Richard Adejumo, Business Owner
EBC makes paying international suppliers easy and saves us money with great FX rates!
Jeremy Anderson, President
Reliable service, speed of delivery, and feels like teamwork. Trust regarding sending your product first, pay you a day later.
Robert Djonev, Owner