Some clients prefer to send Foreign Drafts to their suppliers rather than wire funds directly to their account.  Bank drafts do not incur charges whereas wire payments do.

A foreign bank draft is a check denominated in foreign currency that is drawn against funds deposited in a foreign bank. Foreign drafts clear locally in the beneficiary’s home country and are one of the most convenient and economical ways to make an overseas payment. Bendix Foreign Exchange offers foreign drafts in a wide range of currencies.

For more information regarding the currencies, banks, and locations, you can contact our head office location at 416.366.9000.