Foreign Currency Draft Issuance

GTBank SL Limited Offers Foreign Currency Draft

A draft is a written order by a bank irrevocably undertaking to pay on demand a specified sum of money to the order of a specified person. Presently our drafts are drawn on Citibank New York for Dollar drafts and Standard Chartered Bank London for Pounds drafts.
GTBank’s SL Ltd can only issue foreign draft in dollar.

Requirements and Regulations

A properly written and duly signed customer instruction
Foreign currency drafts can be done for dollar account holders and can be processed at Funds Transfer Unit in the head office and at our other branches at Cline town and Bo branch.

What are the Benefits of this Service?

Customers can transfer funds from their ordinary CFC (Customer Foreign currency) accounts to a beneficiary offshore.

What are the Benefits of Foreign Currency Drafts?

Large selection of currencies allows you to do deal in most countries.

Sending payment in the local currency reduces the risk of under or overpayment (due to exchange rate fluctuation).

Foreign drafts clear quickly.

Cheques allow you to inspect your product before payment.

Stop Payments can be processed quickly giving either a refund or a reissued draft.