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About Wire Transfer Shipping Services

I have applied for a loan from a private lender. The lender is giving an option for payment through a bank to bank wire transfer or by Certified Check, through shipping services (DHL Delivery Services or Fedex Delivery Services). The lender is from Italy. Which option is safe and fastest for receiving the loan in India?


Both Fedex and DHL are safe, reliable methods for delivering the check internationally, and wire transfers of funds are generally reliable and quick. You can inquire of the lender concerning the costs of either of those services as compared with the cost of a wire transfer of the funds. The lender should also be able to estimate the relative speed of the two methods. If you use the wire transfer option, be certain to obtain detailed instructions from your bank on the information needed in the wire instructions, as well as the best routing of the wire.

Published on BankingQuestions.com 1/14/09