Thread: Bankers Draft
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Old 19th July 2009, 02:18 AM
shazza151 shazza151 is offline
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Default Canadian immigration payment for PR

Quote:
Originally Posted by Chris Ward View Post
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
In canada money orders are for upto $1000 CAD, anything over $1000 CAD is a bankers draft, both are accepted by the canadian immigration as guarateed funds, because when you get the order or draft the funds are taken from your account there and then, to pay for the draft. There is no cashing in time limit on a draft or money order, unlike cheques, which the candian immigration won't accept unless certified by the bank.
P.S Dafts and Money Order are cheaper
Shazza 151
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