bank drafts
Guaranteed check alternatives
Bank drafts are checks drawn by a bank on its own funds rather than a customer's account, guaranteeing payment.
Because the bank itself backs the draft, they're more secure than personal checks and often required for large transactions like real estate purchases or international payments: The seller insisted on a bank draft rather than a personal check.
- bill of exchangeNegotiable instrument ordering payment
- money ordersPrepaid payment certificates
- draweeParty directed to pay
- cashier's checksBank-guaranteed payment instruments
- moneyCurrency for transactions
funds · checks · payment · remittance · acceptance · transaction · tenor · dishonor · accounts · deposits · cheque · transfer · clearing house · protest · treasury · certified · promissory · wire
- financial instrumentspromissory notes, check, bond fund, cheque, checks
- secure documentsbanknotes, passports, checks, certificates, ID cards
- negotiable instrumentsbill of exchange, promissory note, promissory notes, cashier's check, check
- moneydollar, euro, coin, cash, pound
- bankingATM, ATMs, account, accounts, deposit
- global financefinancial hubs, capital flows, exchange rates, foreign exchange, forex
bank draftspersonal checks
Written payment orders
rubber checks · bounced checks · bad checks · IOUs · promissory notes
bank draftscash
Ready spending funds
currency · barter · coins · digital payments · cryptocurrency
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