What are bank draft checks?

Answer A bank draft check, a term frequently used in the United Kingdom, is more commonly known in the United States as a cashier's check. A bank draft check is generally used to guarantee the funds are a... Read More »

Top Q&A For: What are bank draft checks

What Is a Bank Draft?

In the world of banking, sometimes a person needs more than just a personal check or credit card to make a payment. However, carrying large amounts of cash can be impractical and risky. So banks ha... Read More »

What is an international bank draft?

There are several different ways to transfer money from one person to another. A bank draft allows you to transfer money to another business or person internationally.Wire TransferAn international ... Read More »

What Does a Draft Withdrawal Mean on a Bank Statement?

Many individuals find it an inconvenience to write checks to pay bills. To accommodate customers and facilitate the bill payment process, many banks have implemented automated bill payment systems ... Read More »

What does a U.S. bank look for in background checks?

Banks perform background checks before granting loans to gain information about their clients' financial histories. Banks examine credit score, credit history, previous bankruptcy claims, and finan... Read More »