A check drawn by one bank against funds deposited into its account at another bank, authorizing the second bank to make payment to the individual named in the draft.
Related information about bank draft:
- Bank Drafts - What is a Bank Draft?
A bank draft is traditionally a check drawn on a bank's funds, such as a cashier's check. When paying bills, the term bank draft is sometimes used to refer to an ...
- Bank Draft Definition | Investopedia
A type of check where the payment is guaranteed to be available by issuing bank . Typically, banks will review the bank draft requester's account to see if ...
- Cashier's check - Wikipedia, the free encyclopedia
A cashier's check (cashier's cheque, banker's cheque, bank cheque, official cheque, demand draft, teller's cheque, bank draft or treasurer's cheque) is a check ...
- The Bank Draft - Blogs - Knoxville News Sentinel
Mar 9, 2012 ... This will be the last post for the Bank Draft blog. Thanks so much to all of the faithful readers over the last couple of years, and to everyone who ...
- What is bank draft? definition and meaning - InvestorWords.com
Definition of bank draft: A check drawn by one bank against funds deposited into its account at another bank, authorizing the second bank to make payment to ...
- What Is a Bank Draft?
A bank draft is a type of money order often used for large purchases. Much like a cashier's check in the US, a bank draft...
- Bank Draft - Financial Dictionary - The Free Dictionary
A check whose payment is guaranteed by a bank. In exchange for a fee, a bank issues a certified check to a person, who is very often both the payer and the ...
- What is bank draft? definition and meaning - BusinessDictionary.com
Definition of bank draft: Bill of exchange drawn by a bank on itself, or on a correspondent bank in another city or country. Bank drafts are commonly used by ...