Go Back  DVD Talk Forum > General Discussions > Other Talk
Reload this Page >

What is the difference between a bank draft and a bank cheque?

Other Talk "Otterville" plus Religion and Politics

What is the difference between a bank draft and a bank cheque?

Old 02-20-05, 09:33 PM
  #1  
Fok
DVD Talk Limited Edition
Thread Starter
 
Fok's Avatar
 
Join Date: Aug 2000
Location: Canada, BC
Posts: 6,689
Likes: 0
Received 0 Likes on 0 Posts
What is the difference between a bank draft and a bank cheque?

Is there a difference?
Old 02-21-05, 11:50 AM
  #2  
Fok
DVD Talk Limited Edition
Thread Starter
 
Fok's Avatar
 
Join Date: Aug 2000
Location: Canada, BC
Posts: 6,689
Likes: 0
Received 0 Likes on 0 Posts
bump
Old 02-21-05, 11:52 AM
  #3  
DVD Talk Platinum Edition
 
Join Date: Oct 2000
Location: Fort Collins, CO
Posts: 3,479
Likes: 0
Received 1 Like on 1 Post
I'm not sure about a bank draft, but for what it's worth in the credit union world checks are knows as "share drafts"...
Old 02-21-05, 11:58 AM
  #4  
Banned
 
Join Date: Sep 1999
Location: Memphis, TN
Posts: 11,544
Likes: 0
Received 0 Likes on 0 Posts
A bank draft is basically a check from the bank's own account. It's considered as good as cash because it's guaranteed by the bank's own funds instead of by your funds. A bank check is basically the same thing. You give funds to the bank, they give you a check made out to somebody for that amount.

A bank cheque is a misspelling.
Old 02-21-05, 12:37 PM
  #5  
Fok
DVD Talk Limited Edition
Thread Starter
 
Fok's Avatar
 
Join Date: Aug 2000
Location: Canada, BC
Posts: 6,689
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Otto
A bank cheque is a misspelling.
Not here in Canada
Old 02-21-05, 01:53 PM
  #6  
DVD Talk Special Edition
 
Join Date: Feb 2002
Location: Las Vegas,NV
Posts: 1,210
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Otto
A bank draft is basically a check from the bank's own account. It's considered as good as cash because it's guaranteed by the bank's own funds instead of by your funds. A bank check is basically the same thing. You give funds to the bank, they give you a check made out to somebody for that amount.

A bank cheque is a misspelling.
The bank check would also be known as a cashier's check or official check.

And the bank draft is what he said...a personal check guaranteed by the bank to have funds.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.