Bank Draft
Bank Draft is a settlement tool ACLEDA Bank Plc issues to customers for their specific amount withdrawals from bank's account with its intermediaries or other banks abroad. Generally, Bank Draft is used as a secure tool for settlements in foreign countries.
Special Features
- Bank Draft issued by ACLEDA Bank Plc is payable to settle abroad. Our customers can use it to withdraw cash or deposit to their accounts;
- ACLEDA Bank Plc can issue the Bank Draft to its customers if they have sufficient money (cash or account balance);
- Bank Draft issued by ACLEDA Bank Plc has validity up to 180 days from issued date;
- Customers can request for amendment or cancellation of their Bank Draft by informing in writing to ACLEDA Bank before settlement;
- If Bank Draft is damaged or lost before settlement, you must immediately notify in writing to ACLEDA Bank Plc in order to ask for cancellation or use as a reference to request for new Bank Draft.
Advantages
- Lower risk in carrying large amount of cash to abroad;
- Be efficient and high secure in settlement;
- Gain opportunities to use other banking products and services.
Fee Charge
| Currency | Issued Amount | Issuance | Stop/Cancellation | Amendment |
|---|---|---|---|---|
| USD | Less than USD1,000 | USD10 | USD25 | USD25 |
| More than or equal USD1,000 | 0.20% + Cable charge USD20 | USD25 | USD25 | |
| AUD | Less than AUD5,000 | Equivalent to USD10 | Equivalent to USD10 | Equivalent to USD10 + Issuing fee |
| More than or equal AUD5,000 | Converted to USD 0.20% on issued amount + Cable charge USD20 | Equivalent to USD25 | Equivalent to USD25 + Issuing fee |
Forms used with this product/service
- Application for a Bank Draft (Form: 50-132)
- Letter of indemnity or/and lost Bank Draft (Form: 50-133)
- Figure of ACLEDA Bank Plc's Bank Draft for using with Nostro Account in American Express
