Sending Remittances Abroad

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25 May 2013


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	Sending Remittances Abroad

Solution Unless the foreign supplier specifically states, another form of remittance is acceptable. Send small remittances abroad by using International Bank Drafts payable n the foreign currency or U.S. dollars, depending on how the supplier quoted you. For example, such drafts are available in Los Angeles from the Bank of America for $10 or from the Union Bank for $5. Shop around locally for your best deal. For large orders, use Letters of Credit; explain in detail in your Plan.

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15 Oct 2005 12:32 AM

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