These can be made by Telegraphic Transfer or Draft. Draft A Draft is similar to a bank cheque but drawn on an overseas bank.
Payment is made to the payee upon satisfactory identification being provided.
Benefits Payments are facilitated between local and overseas organisations. Payments can be made in any major currency. Telegraphic Transfers are a secure means of payment. Telegraphic Transfers permit brief messages to be included as part of the payment transaction. The beneficiary generally receives payment within 24 hours of despatch of the Telegraphic Transfer.