Thread: Bankers Draft
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Old 8th June 2009, 12:51 PM
Chris Ward Chris Ward is offline
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Originally from uk. Expat in cyprus.
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Originally Posted by chrosmond View Post
Please help, I need some urgent help. I need a bankers draft for 25 June for our Permanent Residency fee (CAN$980) altho' I'm going on holiday on 13 June so I need it before then. We've tried a few banks and they're all a bit edgy because of money laundering rules and also they can't be drawn on a Canadian bank. We've found a foreign exchange outfit who might do it but now they're umming and aahing, what did anyone else do? (I'm still in the UK by the way)
Being as you are sending it to the Canadian Authorities would it not be better to do a direct credit traansfer directly into their bank account (which is how I do all my business transactions worldwide) as it is coming from a traceable bank it bypasses the money laundering rules and for the same reason it's destination is traceable and please remember that a money order is NOT guarenteed funds it is only guarenteed that the funds are there at the time it was issued. This is always a good point to make when finding an alternative method of payment. By the way to do a BACs transfer you just need the other parties sort code, account number and a reference number and usually costs around £30 another alternative is to phone them with your debit/credit card details.
Chris
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