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An International Bank Draft is a cheque or payment order issued by NBD, on behalf of a customer, which instructs an overseas bank to pay the payee whose name is indicated on the draft. Bank drafts can be used to make a payment to a third party in a foreign currency or overseas.
Key Benefits and Features
- Convenient and highly secure because only the person whose name is on the draft is entitled to receive the money.
- In event of loss, you can contact the bank to cancel the draft, ask for a refund or request the bank to issue a new draft.
- Inexpensive. Bank drafts in any currency and amount is available for a fee of only $10.10 per draft.
- Available in all major currencies including Eastern Caribbean (EC) dollars.
- Much safer than cash.
Do you need to make a foreign payment by Bank Draft?
Please complete and sign a Payment Order Form.
We require the complete name and physical address of the beneficiary before a draft can be prepared. Post Office (P.O.) Box numbers will not be not accepted.
You must have an NBD account to pay for a bank draft (This needs clarification)
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