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How do Bank Drafts work

BrianD3 · 2005-08-18 13:55:20

This may sound like a silly question but how exactly does a bank draft work. I need to take around 20 grand out of my account to pay someone. Payment must be in the form of either a personal cheque or a draft. I don't have a chequebook so I'm stuck with drafts. First question: with a draft, does the money come out of your…

Comments

#32 04-01-2008 12:50AM

antoinolachtnai

Registered Users, Registered Users 2 Posts: 9,728 ✭✭✭

Join Date: January 2003

Posts: 9637

Irish bank draft? In the UK? He may not be completely happy with that.

As I understand it, this type of business is generally done in cash. This is how I would do it.

You should check that you can easily get a refund on a draft.

At the end of the day, business is all about trust. If the guy doesn't trust you, you're gonna have to trust him, and you you're going to have to make a return trip next week.

a.

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#33 07-01-2008 08:50PM

amen

Registered Users, Registered Users 2 Posts: 2,781 ✭✭✭

Join Date: October 1999

Posts: 2598

if he takes credit cards then preload your card with the cash and ring your bank let them you will be making a large purchase.

he will have the money then and there
or maybe laser?

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