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People often use a banker's draft when making large purchases, like a car. They get this by transferring money out of their account to their bank. In return the bank gives one of their cheques (banker's draft). This means that the draft will ... British Bankers' Association. The voice of banking & financial services...
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www.bba.org.uk/bba/jsp/polopoly.jsp?d=828&a=10295
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Popular 'Banking, Commerce & Finance' Terms ... banker's draft in the news ... Alternative term for bank draft.
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www.businessdictionary.com/definition/banker-s-draft.ht...
www.businessdictionary.com/definition/banker-s-draft.html
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Are you buying or selling? A banker's draft is like a cashier's check in that the person bearing the check will have already given the money to the bank, so it's more safe than a personal check (which you can write out for any amount of mo...
http://answers.yahoo.com/question/index?qid=20081123052...
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Effectively a cheque drawn by a bank. Assuming it has not been fraudulently issued, it will always be honoured. If selling (for example) a vehicle and the buying is paying by draft, have him telephone the details to you in advance and you w...
http://uk.answers.yahoo.com/question/index?qid=20080728...
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sold car given a bankers draft but do not hold bank account can it be cashed judeparr (Tue 09:10 13/Jul/04) ... Response-sequence FIRE HYDRANTS ... There are a number of instant cheque cashing places, but they will need permanant ID (passport, driving license etc) and also you'll have to pay them quite a hefty commission...
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www.theanswerbank.co.uk/How_it_Works/Question49014.html
www.theanswerbank.co.uk/How_it_Works/Question49014.html
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how safe is it to except a bankers draft?do i need to bank it before i release the sold goods.?is there anything i should look out for on the draft.? ... A bankers draft is a cheque from the bank itself, a bank will issue a draft only if the funds it represents are cleared so it is supposed to be as good as cash.
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www.theanswerbank.co.uk/Money_and_Finance/Question63902...
www.theanswerbank.co.uk/Money_and_Finance/Question63902.html
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[Archive] hows Bankers draft work? they good? RS125 Euro-archive ... Got someone after the bike, wants to pay with bankers draft, as hes miles away. is this secure? ie. wont 'bounce' like a cheque? is it instant account transfer type thing? will i have to give him my a/c details, and is this ok?
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www.apriliaforum.com/forums/archive/index.php?t-37210.h...
www.apriliaforum.com/forums/archive/index.php?t-37210.html
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A bankers draft is thought of as being a secure way of receiving money where the payer's own cheque might not be honoured and where it's not convenient or desirable to receive cash. Commonly used for large purchases such as homes and cars.
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freespace.virgin.net/bank.help/Facts/documents/10455.ht...
freespace.virgin.net/bank.help/Facts/documents/10455.html
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Electronic money transfer and Bankers drafts for foreign currency transactions. ... Bankers draft under 5000 ; Bankers Draft ; Electronic fund transfer (EFT) under 5000 ; Electronic fund transfer (EFT) over 5000 ; Incoming Foreign payments ; Bankers draft under 5000 ; Bankers Draft over 5000 ;
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www.foreign-currency-exchange.co.uk/commission.htm
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