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Bankers Draft question..

ferry
ferry Posts: 2,010 Forumite
First Post First Anniversary Name Dropper
in Budgeting & bank accounts
I am right in thinking that I can pay for an item using Bankers Draft as it is looked upon as guaranteed payment..?

T.
:j

Comments

  • dzug
    dzug Posts: 2,260 Forumite
    ferry wrote: »
    I am right in thinking that I can pay for an item using Bankers Draft as it is looked upon as guaranteed payment..?

    T.


    No - in the eyes of the receiver or in reality it could be forged, stolen, etc
  • vroomfrondel
    vroomfrondel Posts: 6 Forumite
    You can ask for a letter from your bank when asking for the draft saying that funds came from your account to pay for it. However, even then, the person you are paying may not accept it.
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