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Bank Draft

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia 0.01 sec.
Bank draft
A draft addressed to a bank.

Certified Check
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 payee. That is, a person gives the bank the amount for which the certified check is written, either in cash or by deducting the appropriate amount from the payer's account; the bank then makes the check payable to that person. The person may cash the check at any bank, or deposit it at a different bank without being subject to a check hold. A certified check is also known as a registered check or banker's draft. See also: Traveler's cheque, Commercial draft.


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He was jailed for six months, which meant his immediate release after he pleaded guilty to four charges of having false bank drafts and cheques in pounds and euros totalling more than pounds 69m.
A MAN has admitted carrying false cheques and bank drafts totalling more than pounds 69m.
The online service also allows customers to check their investment portfolio, issue bank draft and order a cheque book.
 
 
 
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