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Share Draft

   Also found in: Wikipedia 0.01 sec.
Share Draft
A withdrawal from a share account, which is an account at credit union. While share accounts are structured differently from accounts at ordinary banks, share drafts behave the same as any other withdrawal.


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In Portsmouth, Peter Cronshaw, courier; Lisa Tower, real estate loan specialist; Gail Davis, real estate loan specialist; Cesar Espindola, project analyst, marketing department; Shannon Francois, ACH specialist, share draft department; and Brett Ward, host systems analyst, information technology department.
To the consumer, share drafts are little different from checks in the way they are used.
Branch Item Capture will enable CommunityAmerica's branch personnel to capture share draft (check) images at the branch level rather than physically transporting them to the central location.
 
 
 
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