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.
 Cite this definition
Related Terms
clear
'bank draft
' appears in the definitions of these terms on BusinessDictionary.com
banker's draft
Related Research Articles from the InvestorGuide.com University
Choosing a Bank
Learn how to choose the best bank for you. Compare features like interest rates, convenience, FDIC membership, size, and minimum deposit. Compare services like direct deposit, ATMs, online banking, credit cards and debit cards.
Types of Accounts
Find out about the different types of bank accounts that are available, including savings accounts, checking accounts, money market deposit accounts (MMDAs) and certificates of deposit (CDs).
Online Banking
How can you find the best online bank for you? Within the last decade, online banking has exploded in popularity, and revolutionized the industry, but some banks offer better services than others. Here we look at some things you should consider when you choose an online bank, including account access, security, online bill paying, account aggregation and fees.
Featured Sponsor
|
|
