What Is A Bank Draft From the Cheque and Credit Clearing Company website It takes the same time as it takes to clear a cheque The 2 4 6 timescales for cheque clearing set a maximum time limit of two four and six working days for each of the stages after paying in a cheque to a current or basic bank account
If you re aged 20 to 25 there s a trick right now that can get you a free four year railcard worth 100 via the bank Santander MoneySavingExpert founder Martin Lewis takes you through it Went to an employment tribunal between 2013 and 2017 In theory you can ring the issuing Bank to confirm it s legitimate In practise it s probably safer to let it go as previous post through Clearing first But this is one of those cases where you might want to consider special presentation if time is critical You take the draft to your Bank and pay 12 15 for special presentation
What Is A Bank Draft
What Is A Bank Draft
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Bank Draft Definition How It Works And Example Economy Affairs
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MoneySavingExpert Founder Martin Lewis Editor in Chief Marcus Herbert Sorry you dont have a chance the bank wont have record of the draft and what makes it worse for you is they also wont have a record that they didnt re issue you Best hope is to complain and if you are lucky they will throw money at you rather than go down the fos route but given the timescales I think you are wasting your time fos wont touch it
Bank drafts are cheques drawn by a bank usually on its own Head Office Payment is guaranteed provided the draft is genuine and has not been lost or stolen If it is fraudulent or conterfeit it will not be paid Drafts go through the normal clearing process like any other cheque and if you are offered a bank draft in payment don t release the Looks like a normal cheque only slightly larger is signed by a member of staff and made out to the recipient of your choice It is exactly like a draft from a bank in that the money is removed from your account and into the bank BS s account They then issue a cheque from their funds so it cannot bounce unless Nationwide go bust
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We are moving house next week and need to pay the rest of the money to the agent we can pay in cash or bankers draft but bankers draft is prefered it s 1600 to pay I m with Natwest who do bankers drafts but charge 12 my partner is with Nationwide who do counter drafts and don t charge I think 2 Bank draft is lost 3 Bank considers if you are good both now and in the future for 15 000 4 If they think you would be able to pay out 15 000 in the future they get you to complete an indemnity to the bank for 15 000 allowing them to claim off you at any time in the future should the missing draft ever turn up for payment and
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From the Cheque and Credit Clearing Company website It takes the same time as it takes to clear a cheque The 2 4 6 timescales for cheque clearing set a maximum time limit of two four and six working days for each of the stages after paying in a cheque to a current or basic bank account

https://forums.moneysavingexpert.com › discussion › cashing-bank-draft
If you re aged 20 to 25 there s a trick right now that can get you a free four year railcard worth 100 via the bank Santander MoneySavingExpert founder Martin Lewis takes you through it Went to an employment tribunal between 2013 and 2017
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What Is A Bank Draft - Looks like a normal cheque only slightly larger is signed by a member of staff and made out to the recipient of your choice It is exactly like a draft from a bank in that the money is removed from your account and into the bank BS s account They then issue a cheque from their funds so it cannot bounce unless Nationwide go bust