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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He was admitted to a mental hospital after he was found wandering the streets in a confused state carrying bank drafts worth pounds 250,000.
In the past three years, 78 of the 79 cars bought with fake bank drafts have been recovered - and detectives were able to reunite all the relieved owners with their motors.
A MAN has admitted carrying false cheques and bank drafts totalling more than pounds 69m.
Huang then signed off on bank drafts in the company's favour that resulted in losses of 700 million yuan, Xinhua said.
Only postal orders or bank drafts will be accepted.
Bank of Ireland did not establish adequate systems and controls to monitor the issuing of bank drafts and did not check that its staff understood fully their anti-money laundering responsibilities in relation to the recognition and reporting of suspicious transactions.
The pair are believed to be operating across the North West using forged bank drafts.
Later Dunne handed him three blank sterling bank drafts for pounds 70,000 each.
and foreign currency, as well as monetary instruments with face value amounts of less than $10,000 (if the face value is more than $10,000, the funds would have been reported when the monetary instrument was purchased); these include cashier's checks, bank drafts and traveler's checks.
Cheques and bank drafts totaling pounds 69m were found in his toilet bag.
Bank drafts are far easier to duplicate than bank notes.
Anyone who needs an on-the-spot visa or has passport or visa related queries can attend, although only postal orders or bank drafts will be accepted for the visa fee.