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Home > Personal Banking > Account Services and Rates > Remittance > Outward Remittance

Outward Remittance

1. Demand Draft
2. Telegraphic Transfer
3. Payment Order (Local)

1. Demand Draft
 

* A cheque payable to particular beneficiary drawn on our correspondent bank
* In any major currency for any amount
* Payment guaranteed by the issuing bank
* An inexpensive and simple methods of funds transfer
* A secure form of payment as the demand draft is payable to the specified payee
* Re-purchasable and refundable if lost
* To facilitate payments on a regular basis by means of a standing instruction

2. Telegraphic Transfer
 

* The most efficient means with the payment instruction transmitted by telex/SWIFT
* In any major currency for any amount
* A fast and accurate way to transfer funds abroad
* A secure way of remitting funds of substantial amounts payable to a specific beneficiary
* To facilitate payments on a regular basis by means of a standing instruction

3. Payment Order (Local)
 

* The issuance of a local payment order to the recipient Bank either by SWIFT or by mail
* A fast way to expedite the receipt of funds
* To facilitate payments on a regular basis by means of a standing instruction

phone Enquiry Hotline: (852) 2211 1333