Bank Draft

A bank draft is a payment method similar to a cheque. The primary difference being a bank draft is as good as cash and cannot be rejected by the bank.

Check - Check that the bank has prepared it correctly especially for the right amount.

Issues - Once it has been issued it cannot be cancelled or stopped.

Timing - A bank draft will be completed as soon as it is issued.

Discrepancies - Check the bank details are validated as genuine and the amount is accurate.