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Bank Draft Question

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  • 16-01-2013 9:08pm
    #1
    YarisGTI
    Registered Users Posts: 6 ✭


    Hi all,

    I recently sent a bank draft with an application. However 6 weeks after, the application was not accepted and the form and bank draft were returned. They have requested I reapply. The bank draft is now 3 months old and the company state that they wont accept bank drafts that are more than 6 months old (It may take another 3 months for the application to go through). If I bring the bank draft into the bank, will they update it for me?

    Thanks.


Comments

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    #2
    Geri Male
    Banned (with Prison Access) Posts: 216 ✭✭Geri Male


    Bank drafts don't go out of date.


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    #3
    YarisGTI
    Registered Users Posts: 6 ✭YarisGTI


    Hi Geri,

    Thanks for the reply. I am aware that bank drafts don't go out of date, however the company have stated that they will not accept bank drafts that are more than 6 months old. They have shown to be strict with their registration, so I am concerned that it will be sent back again. Are banks able to update these drafts if necessary?

    Thanks.


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    #4
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭Toots


    If you bring it in to the branch where you purchased it, they'll probably be able to give you another one. In all likelihood you'll have to re-lodge the draft to your account, and then get a new one and pay the commission again. Do you have the receipt you got when you bought the draft? It would make the process a lot quicker and simpler if you bring it with you.


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    #5
    8-10
    Registered Users Posts: 13,355 ✭✭✭✭8-10


    I also have a question, was going to start a thread but seeing as it would have the same title as this one which was only started yesterday, I thought I'd piggyback! Hope that's ok.

    If I have a bank draft written out to a friend of mine who has emigrated but still retains an account here, can I walk into his branch and lodge it to his account if I have his account details, without obviously being him?


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    #6
    Graciefacey
    Registered Users Posts: 498 ✭✭Graciefacey


    8-10 wrote: »
    I also have a question, was going to start a thread but seeing as it would have the same title as this one which was only started yesterday, I thought I'd piggyback! Hope that's ok.

    If I have a bank draft written out to a friend of mine who has emigrated but still retains an account here, can I walk into his branch and lodge it to his account if I have his account details, without obviously being him?

    yes. Anybody can lodge to an account its the withdrawals without a mandate or written instruction from the customer that are not permitted


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    #7
    Geri Male
    Banned (with Prison Access) Posts: 216 ✭✭Geri Male


    YarisGTI wrote: »
    Hi Geri,

    Thanks for the reply. I am aware that bank drafts don't go out of date, however the company have stated that they will not accept bank drafts that are more than 6 months old. They have shown to be strict with their registration, so I am concerned that it will be sent back again. Are banks able to update these drafts if necessary?

    Thanks.

    If it's a euro draft drawn on an Irish bank - yes

    Foreign draft - more difficult.


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