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 AAA Fair Deal
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 UAE
Obtain your bank guarantee for your next big transaction from a reputable trade finance company in the UAE for reasonable service costs. Our experts will help you get your bank guarantee fast causing you the minimum hassle.