Quote:
Originally Posted by achiam
its not that slow; for HSBC the txn fees for drafts are quite low (around $20-$30CAD) for about $10,000CAD per transaction.
if you're sending to canada, usually it arrives either in 2 days, or my fastest, is 3 hours.
If you're sending to HK, usually takes about 2 days.
|
Yeah, it's not too expensive (I remember I'd sent $5000USD drafts home every so often and it was $15USD for an International Bank draft) It just sucks having to wait for it to get mailed, etc. My folks bank also hassled them about putting 30 day holds on it, etc (even though they shouldn't be since a draft is almost as good as cash - it IS guaranteed funds) I guess the other option is to wire transfer the funds but that in itself is pretty pricey as well. (ends up costing about $50 each transaction)