Difference between Certified Cheque and Bank Draft?

Answer

There is a difference between a certified cheque and a bank draft. Both a certified cheque and a bank draft are used to transfer money from a bank. A certified cheque is a personal check drawn from the depositor's funds within a bank account. The bank guarantees that the depositor has sufficient funds to cover the transaction. The funds are debited from the account when the check is cashed. A bank draft is a draft that immediately debits funds from the depositor's account by the bank. The bank draft is guaranteed by the bank and can be transferred between different accounts and banks.
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Q&A Related to "Difference between Certified Cheque and Bank..."
A real certified check (they can be faked) is guaranteed by the bank to be good. A bank draft can be either a bank issued check issued against your account or a bank issued check
http://answers.yahoo.com/question/index?qid=201112...
In some places a draft can't be "stopped" but a cheque can.
http://wiki.answers.com/Q/What_are_the_differences...
A check is an official note that is written by an account holder on funds he has in an account held at an institution. A bank draft, otherwise called a cashier check, is an official
http://www.ehow.com/facts_5135114_difference-betwe...
http://www.wisegeek.com/what-is-a-bank-d… <--- Bank draft. It's kind of like a cashiers check in US. Or money order. A bank cheque is what a person writes as a cheque to
http://uk.answers.yahoo.com/question/index?qid=201...
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There is a difference between a certified cheque and a bank draft. Both a certified cheque and a bank draft are used to transfer money from a bank. A certified ...
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