• Money Transfers

Money transfers are used to provide funds to either businesses or individuals quickly and conveniently. There are different types of money transfer services currently in use. These are wire transfers, bank drafts, internet money transfers, and money orders. Wire transfers allow users to move funds from one bank account to either another bank account or a cash office. A bank draft is most often used for payments to companies that are located in foreign countries.

Internet Money Transfer

Internet money transfers are available in a variety of currencies and use email accounts to transfer funds from one person to another. Money orders are offered by specialised firms where a sender can go to a cash office and create a money order for a specific person to pick up at a specific cash office.