bank draft

Definition

A check drawn by one bank against funds deposited into its account at another bank, authorizing the second bank to make payment to the individual named in the draft.

Use bank draft in a sentence

Steve had to submit a bank draft in order to transfer the funds from his old bank account to his new joint account after he got married.

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The bank draft had been made and the property had already changed hands so the deal was all but finalized.

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In order to pay for the new computer, Sean had to initiate a bank draft to draw money from his savings account at one bank and transfer it to his checking account at another bank, so he could use his debit card for the purchase.

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clear banker's check