Foreign Drafts

  • Home
  • Business Banking
  • Foreign Drafts
Secure, Fast, and Reliable Foreign Draft Solutions at Euromed Bank Limited

Your International Bank Drafts

Business Banking

Unlock Global Opportunities with Euromed Bank Limited Reliable Foreign Draft Services. We understand the importance of seamless international transactions. Our Foreign Draft service offers a secure and efficient way to send and receive funds across borders, supporting your global business and personal financial needs. 

 What Are Foreign Drafts?

A Foreign Draft is a negotiable instrument issued by Euromed Bank Limited, payable in a foreign currency, that allows you to transfer funds internationally. It serves as a secure alternative to electronic transfers, especially in cases where direct bank-to-bank transfers are not feasible or preferred. 

  Our Foreign Draft Policies

  1. Eligibility: Only authorized account holders or authorized representatives may request foreign drafts.
  2. Currency Options: We issue drafts in multiple foreign currencies, including GBP, USD, EUR, and more, to cater to your international needs.
  3. Issuance Process: Requests can be made at our branches or through our secure banking channels. All requests require proper identification and documentation.
  4.  Fees & Charges: A nominal fee applies for issuing foreign drafts, which varies based on the currency and amount. Additional charges may include courier or handling fees.
  5. Validity & Clearance: Foreign drafts are typically valid for six months from the date of issuance. They can be deposited into foreign accounts or negotiated at foreign banks.
  6.  Security & Compliance: We adhere to strict anti-money laundering policies and international compliance standards to ensure secure transactions.

Categories of Foreign Drafts

  1. Personal Foreign Drafts: For individual customers making international payments, such as remittances or gifts.
    • Business Foreign Drafts: Designed for corporate clients to facilitate international trade, payments, and settlements.
    • Bank-to-Bank Drafts: Issued directly to foreign banks for settlement of commercial transactions.
    • Specialized Drafts: Customized solutions for specific client needs, including high-value transactions and urgent payments.

Why Choose Euromed Bank Limited

    • Reliability & Security: Trusted by clients for safe and timely international transactions.
    •  Competitive Rates: Transparent fee structure with competitive foreign exchange rates.
    •  Expert Support: Our dedicated team provides personalized guidance for all your foreign draft needs.
    • Global Reach: Extensive network and partnerships to facilitate smooth international banking.