If you have an bank account and the other person also has an bank account that it is the fastest, cheapest and safest mode of
overseas money transfers. You can transfer money
overseas using internet banking facility from you home and the money gets transferred immediately. Wire transfer This also a very effective means of money transfer. This is done by banks. For getting you money wire transferred you need to visit your bank and provided them the relevant information and they will do it for you. Money will be automatically debited from your account. Demand drafts You can also
transfer money overseas via demand drafts. For getting the foreign demand draft you need to visit your bank and provided almost the same information as you need to provide for wire transfer. The bank will issue a foreign demand draft which would be payable at foreign branch. |