Bank drafts offer a convenient and secure means of payment, and are more easily negotiated than postal money orders and are less vulnerable than cash to loss or theft.

Requirements for Bank Drafts :

  • Beneficiary’s name
  • Amount and Currency
  • Remitter’s name
  • Remitter’s Account Number
  • Purpose
  • Import permit (where required such as import of reconditioned cars, rice etc.)
  • Documentary evidence (where required such as invoices, statements, etc.)