Bank draft


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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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Two other men connected to the company, Raymond Folkes and Christian Obumneme, were convicted of handling forged multi-million dollar bank drafts.
Before the implementation of a Vignette-powered portal, ABC Financial's club members had to mail in their health club fees or call to provide credit card or bank draft information.
A MAN tried to eat a forged $56 million bank draft when he was arrested by Gardai, a court heard yesterday.
Ostroff said, "Some dealers lie to you that they will not accept your credit union draft or online car loan bank draft because they 'bounce their checks,' and dealers then force you into the dealer's higher APR car loan.
Terms of sale for all orders are advance bank draft or irrevocable letter of credit in U.
The new program contains many user-friendly features, including payment options using a credit card, check or bank draft.
The auctioneer can review all registrations, work with prospective bidders directly to secure proper qualification documentation (deposit, letter of credit, bank draft, etc.
He found the spare keys to her Fiesta and received a pounds 6,000 bank draft after selling the car to a dealer.
Purchase Forms (which can be obtained from the Warrant Agent or the Company's website) should be sent to the Warrant Agent at the address listed below together with a check or bank draft payable to the Warrant Agent for the purchase price and Warrant Certificates.
Customers can pay online by bank draft or credit card either "on demand" or by monthly automatic deduction.
MOTORISTS have been warned to watch out for bogus car scams after a worrying hike in the number of sellers being duped by fake bank drafts.