its a bank draft?

Answer 1

Bank drafts are cheques drawn directly on the bank itself and are almost as good as cash

Answer 2

Bank drafts look like a cheque just slightly larger and the text is typed not written.

It is given by the bank only when the funds are definately in your account.when you obtain the draft the bank has guaranteed to pat those funds so there is no way at all that it will bounce.

There is usually a charge to get one -most uk banks are around £10.

If you are recieving the bank cheque it means that whatever product you are selling / for whatever reason you want it you dont need to worry about not getting the money. It will definately credit your account withing 4 - 7 days after you pay it in.

Answer 3

a bank draft is a cheque has written on your behalf it does not mean it will be cashed right away it will take the normal clearing cycle for cheques to go through your account.it means that the bank guarentees that there were enough funds in your account to pay for the item the draft was used for in the first place how does the bank guarentee this because they have already taken the funds out of your acount in other words the cheque will never bounce there is a charge for this service but it means you can get the item straight away without having to wait for a personal cheque to clear ...........a lot of cars are bought this way because of the cost involved and the seller doesnt want to have a cheque bounced on them

Answer 4

A cashier's check (also known as a bank check, official check, teller's check, bank draft or treasurer's check) is a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter).

The check is usually received as cash since it is guaranteed by the bank and does not depend on an account of a private individual or business. Cashier's checks are commonly used when payment must be credited immediately upon receipt for business, real estate transfers, tax payments and the like.

Answer 5

Bank Draft looks like a Cheque from your bank's checking account; only the bank draft is a checque by your bank given to you in exchange for your cash in the account one. Therefore the draft is deem to be good as cash as it is protected by your cash balance on your account. Moreover, you can pay to anyone with the draft since its good as cash.

PS. are you familiar with Traveler's Checkque, Cashier's Check or Manager's Checkque. same functions with different purposes.
sort of different flavors to choose from :)

Answer 6

Take it to your bank & find out if it is any good. Don't go on a spending spree until the money hits your account. You would not be the first to get a bogus bank draft. If it's real good on you.

Answer 7

a Bank Draft is a cheque written on your behalf by your bank to whoever you want the cheque made payable to. the payment will come out of the balance of your account.There is usually a charge for this service.

Answer 8

Try closing the door of the bank and shutting all the windows.

Answer 9

It's as good as cash. You should be able to take it to your bank and cash it straight away.

Answer 10

It is with your irish cheque