Save your valuable time and hassle in having to go through complex banking processes. Taking care of
your bank drafting process from A to Z on your behalf, we are here to take the complexity out of the bank
draft process.
What is a Bank draft?
A bank draft is a payment instrument that guarantees the funds by your financial institution. It also is
known as a banker’s cheque. In simple terms obtaining a bank draft is similar to asking your bank to
write a cheque for you. The draft will enable you to make payments without having to withdraw money
from your account. Here the bank will transfer the amount to an account of the bank issuing you the
bank draft which the receiver of the money can use to collect money with. With this, the receiver won’t
experience check bounces due to lack of funds in the account.
Bank draft services by Wealth Korea SBLC
Get in touch with us with your inquiry for bank drafts. Let us help you get the bank drafts you required
for your next transaction with ease and effortlessly
What is a Bank Guarantee?
Bank guarantee is a guarantee issued by a bank or a financial institute to reduce risks in transactions for
both parties involved in the transactions in case of a contract breach.
In an event of a contractual obligation of the seller/ exporter or a payment obligation to the seller/
importer, the bank or the financial institute guarantees to indemnifies the recipient against the
contractual obligations of the exporter or the importer. With this, the risk factor will be reduced
drastically for both parties in a contractual agreement while encouraging the transaction to proceed
effectively.
Most Trusted Bank Guarantee services in the UK
Obtain your bank guarantee for your next big transaction from a reputable trade finance company in the
UK for reasonable service costs. Our experts will help you get your bank guarantee fast causing you the
minimum hassle.
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