What are bank drafts or bank draft checks typically used for?

Asked May 12, 2014· 1 answer
Faisal KhanAnswered May 12, 2014
They are non-bearer payment instruments. Think of them as checks written out to someone that will not bounce. The funds have been secured for it.

The use cases are many. They are used for payments when you don't trust or have not established trust with the other party to accept cheques.
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