Foreign Currency Draft Issue
A draft is a written order by a Bank irrevocably undertaking to pay on demand a specified sum of money to the order of a specified person. Presently our foreign currency drafts are drawn on Citibank New York for US Dollar drafts and Standard Chartered Bank London for Pound Sterling drafts.
- A funded domiciliary account in the currency of the draft required OR
- A draft can be issued from a Naira account but requires additional documents in accordance with Nigerian foreign exchange regulations.
- A properly written and duly signed customer instruction
Foreign currency drafts can be processed at the Funds Transfer Unit in the Head office and at our Processing Center, Adetokunbo Ademola branch.