Travellers cheques or Bankers Draft

Mr_P_5

Hi.

Can someone tell me out of the 2 which is the best way to pay a deposit on an apartment in euros? they have asked me to post the deposit to them in either form and wondered which would be best value for money!

thanks

Lob_Rockster

get their SWIFT code and IBAN for the account and pay into the account directly

Mr_P_5

what are they?

they only gave me the 2 options

tonys_3

Very strange to request payment in t/cheques since it requires you to sign both signatures on the cheques before sending them. I assume you are
posting them, rather than delivering by hand. If they get lost in the post,
anyone getting hold of them could try and cash them and they are more difficult to trace than a draft.

ON the other hand, if you are delivering by hand, then it probably boils down to a question of cost. A draft willcost about £12 to £15. T/cheques might
be cheaper depending on how much the deposit is and what the largest denomination of cheque is.

Mr_P_5

well my bank said it would be £15 so asking if i can just do a bank transfer which im asuming will be cheaper and safer!!! will see what happens.. otherwise just have to stump up the £15