Bank draft

tom_tarbucket

I’m with AIB for years.

Is it possible to go to any AIB branch and get a bank draft? (If you have ID etc)

Spocker

Yep, once you have some ID it should be no problem from any branch

tom_tarbucket

Spocker wrote: »

Yep, once you have some ID it should be no problem from any branch

Thanks. Been years since I got one.

Do you have to name the recipient? Or just state the amount.

Spocker

tom_tarbucket wrote: »

Thanks. Been years since I got one.

Do you have to name the recipient? Or just state the amount.

Just the amount is whats required, I don't think you need to specifically name the recipient. I found another thread on this here: https://www.boards.ie/ttfthread/2055860161

tom_tarbucket

Spocker wrote: »

Just the amount is whats required, I don't think you need to specifically name the recipient. I found another thread on this here: https://www.boards.ie/ttfthread/2055860161

Thanks!!

If you get the bank draft and decide not to use it, can you simply ‘lodge’ it back to your account again?

coylemj

tom_tarbucket wrote: »

If you get the bank draft and decide not to use it, can you simply ‘lodge’ it back to your account again?

There is nothing on the draft to indicate that it was paid for from your account. Most drafts are made payable to a named person (the 'payee'). Typically, if you decided not to do business with that person, you would need to go back to the branch where you purchased the draft, explain that it's no longer required (e.g. you decided not to buy the car) so they can cancel it and credit the money back to your account.

But if you're prepared to take the risk, you could get the draft made payable to 'cash' or ' the bearer', in which case it can be cashed by anyone so you could then lodge it into your account. The risk of doing this is that if you lose the draft, it's as good as cash in the hands of the finder.

Witcher

No such thing as making a draft for cash anymore, there has to be a name on it.