Drafts and Transfers
Instructions to receive International Wire Transfers
Drafts
Payment system established by a group of banks or postal entities which allows the clients of a bank to play clients of any other bank without using cash or checks. The client fills out an instruction form that goes through a compensation system managed by the group.
If you need to make payments with checks in dollars or other currencies, the Draft is your best solution.
Benefits
- Drafts are documents which we prepare at the request of a client, who sends them anywhere abroad.
- They are recommended for the payment of products and/or services in U.S. dollars or other currencies.
- Greater security for our clients in the transfer of funds abroad.
- We count on Correspondent Banks where the client may cash the draft issued.
- We count on staff with significant experience that will provide you specialized counseling in your operations.
Transfers
International transfers are your best option for sending or receiving money/currencies from any part of the world within the least time possible and in the most reliable and efficient manner possible through the interbanking communications system (SWlFT).
Benefits
- Safety, while not having to handle cash
- Cost reduction by avoiding the handling of documents
- Possibility of sending and/or receiving money from any part of the World and from any bank or diversity of currencies (GBP, EUR, CAD, JPY)
- Coverage, since you may issue your International Payment Orders through any of our branches or Online Banking (Multibank On Line)
- Variety of Foreign Currencies (GBP, EUR, CAD, JPY)
- Cost reduction by avoiding the handling of documents
Our correspondent Banks at the international level are:
- HSBC Bank – New York
- Standard Chartered Bank – New York
- JP Morgan
- Wachovia Bank
