In this modern world, we are least worried about our loved ones going abroad or about our dear ones staying up there. The reason for it is the technology. You can see them and speak to them just like you are next to them. You can also send your gifts to them in the most convenient way. But what if your gift includes some financial support or in, other words if, your gift is currency. You can send it to them easily just like, any other gifts through money exchange companies.
You can send money abroad through two ways, demand draft, and wire transfer. You can go with these two methods to get your money to reach your family and friends in a foreign country. If the requirement for money is urgent and if you need to have a hustle-free transfer experience, you can go with a wire transfer. Because you get the transfer completed in hours due to the direct transfer between the bank accounts, it happens because of the SWIFT network. It facilitates the above-mentioned process to run smoothly.
In demand draft, the transfer is slow comparatively because of the involvement of a physical draft. The sender has to frame the draft and send it to the receiver, who has to submit it to get his transferred funds. This process may involve a lot of physical involvement which makes it late in processing but still it remains the cheapest way to transfer funds.
You can ask your forex executive for a tailored solution if your requirements are specific to your need.
