Foreign Currency Drafts
Make low value payments in most major currencies using
MTFX’s global banking infrastructure
- Negotiate payments to your suppliers local currency
- Foreign drafts clear immediately
- Avoid the time your suppliers have to wait to receive their funds
- Avoid unnecessary banking fees
Foreign currency drafts clear immediately
Foreign currency drafts are an alternative to international wire transfers particularly for smaller amounts.
Through our domestic and international banking partners MTFX is able to offer foreign currency drafts in most major currencies allowing you to ensure that payments made to your suppliers are fast and hassle free.
Foreign drafts provide assurance that funds are already good when the draft is received by the recipient. Furthermore, drafts payable in local currency are more acceptable to beneficiaries when funds must be in a specific amount and payable to a specific establishment.
MTFX offers foreign currency drafts in most major currencies and because they are issued in local currency they quickly clear through local banking channels.
For further information on our foreign currency draft services please contact one of our Account Executives who will be more than happy to assist you.