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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But the evidence of the bank drafts he had personally received from Ben Dunne was irrefutable.
An innocent driver is tricked into acting as a courier for the fraudster, delivering the cars and forged bank draft and collecting the cash.
The court was told he was due to fly to Egypt, via Amsterdam Magistrates were told that the total involved included two bank drafts, each for EUR50m and cheques for pounds 220,000 and EUR850,000.
The false Royal Bank of Scotland bank drafts are signed and stamped "City Office of London" and bear the code 15100062721883000199999745.
Last year, Symbol teamed with the Guard Group on a solution to enhance financial security by marking all bank drafts with PDF417, the Symbol-developed two-dimensional symbology PDF is the de facto national symbology standard in China and there are a number of infrastructure projects underway in China with PDF417 and Symbol scanners as their core technologies.
Figures revealed yesterday show 35 cars have been bought with fake bank drafts before being sold on for cash to unsuspecting customers.
NYSE: SBL), today announced that PDF417, the two dimensional bar code symbology developed by Symbol has been selected to secure all bank drafts throughout China and will be delivered in partnership with the Tianjin Guard Group.
GARDAI yesterday warned the public to be on the lookout for stolen bank drafts.
This service will include a variety of cash management functions such as fund transfers, deposit reporting, stop payments, bank drafts, foreign exchange and money market rate reporting, balance reporting and book transfers.
A FOREIGN conman fleeced motorists using fake Scottish bank drafts - even though he spelled Scotland wrong.
In the spring, the offerings will be expanded to include the check-fraud prevention services, Positive Pay, and on-line access to bank drafts, which can be reviewed and returned by the account holder.
Two other men connected to the company, Raymond Folkes and Christian Obumneme, were convicted of handling forged multi-million dollar bank drafts.