Cheque and Credit Clearing Company
 
Home > FAQs > Bankers' Drafts
  • Skip to content [access key 's']
  • Skip to navigation [access key 'n']
  • Home
  • 2 - 4 - 6
  • About Us
  • Information
  • FAQs
  • Resources
  • Membership
  • Cheque Printers
  • Media
  • Contact Us

Bankers' Drafts

1. What are bankers' drafts?

2. How does a consumer get a banker's draft? Do they ask at the counter?  In what instances should they be used?

3. How long does it currently take to process a banker's draft?

4. So when can a consumer be sure that the funds are definitely cleared?  Is there a time limit on this?

5. How can a consumer know that a bankers' draft is genuine?

6. Who is liable for fraud on bankers' drafts?  If a consumer accepts a stolen banker's draft in good faith, will they lose the money?

7. Can bankers' drafts be used for overseas payments?

  • Copyright © 2010 Cheque & Credit Clearing Company
  • Site map
  • Privacy policy
  • Terms of use
  • Accessibility
  • Contact