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Foreign Bank Drafts

 

International Payment Services:


Pay Foreign Invoices With Accuracy

Foreign bank drafts are drawn on one of Exchange Bank of Canada’s correspondent banks located in the country of the beneficiary. This enables your beneficiaries to deposit drafts, with no additional currency conversion, for immediate payment and no unexpected fees.

Quicker Clearing Time

Exchange Bank of Canada’s foreign drafts help you provide prompt payments in foreign currencies, which means your beneficiaries have access to funds much sooner than if they had received a cheque differing from the depositing bank's currency.

Foreign Bank Draft Features:

  • Foreign bank drafts are available in several currencies
  • Alternative to electronic fund transfers
  • Automated requests through the EBCFX platform
  • Dedicated trader and support team