Service Summary

A bill of exchange issued by the drawing bank, to pay at sight the beneficiary, or the bearer, money according to the actual settlement amount unconditionally.

Bank drafts are mainly applicable to settlements via account transfer. However, those denominated by "cash" (for personal clients only) can also be used to withdraw cash.

Features

•  Honored at sight

•  No threshold in amount

•  No regional barrier

•  No restrictions on the applicant

•  Transferable by endorsement

•  With cash draft dedicated to personal clients

•  Long valid period of a month

•  Can be reported of loss

•  Can be bounced back within the valid period

Business Processing

•  Complete the Bank Draft Application Form (in triplicate)

•  Get back the second one, after processed and sealed by the bank, which will be served as the payment certificate.

Charge

0.05% of the par value of the draft