Sorry to hijack this thread - i am looking to lock in some sterling now when exchange rate is good (for a car purchase in the next 2 months). Can anyone tell me how long a draft is valid for. Do i need to know the payee name, or can this be added later. If i have to put a payee on it, can it be changed. The reason i ask, is i am fairly sure where i will buy the car, but it could change.
Your help / answers would be appreciated.
Do currency.ie issue drafts the same as a Bank ?