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
- Import permit (where required such as import of reconditioned cars, rice etc.)
- Documentary evidence (where required such as invoices, statements, etc.)