How to Cash a Bank Draft?

Answer

The face of the bank draft, cashier’s check or money order is changing with so many people now banking with ATM cards. Further, software currently exists that can automatically deduct funds from your bank account. This is increasingly in use in retail locations and chances are it may become standard at some future point. There are thus only a few reasons why you might need to use a bank draft instead of a standard check or an ATM or credit card. If you’re purchasing or renting something from an individual, instead of from a store or a large company, that individual is not likely to have the means of determining whether a personal check is valid and probably doesn’t have the ability to take credit card or ATM transactions.
Q&A Related to "How to Cash a Bank Draft?"
A bank draft would be similar to a cashier's check. It is a bank instrument that is guaranteed. If it safer than cash and better for the receiving party. He doesn't have to worry
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1. Check your bank account balance before asking for a bank draft. Your bank will create a bank draft only if you have all of the funds available at the time of the draft. Check to
http://www.ehow.com/how_8557569_send-bank-draft.ht...
This makes no sence.It should be CASH BACKED. meaning backed up by cash. This way it more seams to be a scam, form a non English speaking person.
http://wiki.answers.com/Q/What_is_Cashed_back_Bank...
you do not unless you go to a check cashing place a draft will be held by the bank for 7 to 10 days
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