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  2. Banker's draft - Wikipedia

    en.wikipedia.org/wiki/Banker's_draft

    A banker's draft (also called a bank cheque, bank draft in Canada or, in the US, a teller's check) is a cheque (or check) provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank. [1]

  3. Banker's acceptance - Wikipedia

    en.wikipedia.org/wiki/Banker's_acceptance

    Banker's acceptances are distinguished from ordinary time drafts in that ownership is transferable prior to maturity, allowing them to be traded in the secondary market. [ 1 ] A banker's acceptance starts with a deposit in the amount of the future payment plus fees.

  4. Cheque - Wikipedia

    en.wikipedia.org/wiki/Cheque

    Cashier's cheques and banker's drafts, also known as bank cheques, banker's cheques or treasurer's cheques, are cheques issued against the funds of a financial institution rather than an individual account holder. Typically, the term cashier's check is used in the US and banker's draft is used in the UK and most of the Commonwealth. The ...

  5. Cashier's check - Wikipedia

    en.wikipedia.org/wiki/Cashier's_check

    A cashier's check (or cashier's cheque, cashier's order, official check; in Canada, the term bank draft is used, [1] not to be confused with Banker's draft as used in the United States) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a bank employee. [2]

  6. Negotiable instrument - Wikipedia

    en.wikipedia.org/wiki/Negotiable_instrument

    A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade, and are written orders by one ...

  7. Remotely created check - Wikipedia

    en.wikipedia.org/wiki/Remotely_created_check

    Your bank may deny your items for deposit if they have reason to be suspicious. Suspicious items are covered in Regulation CC 229.13, Exceptions. [9] Authorization is indicated on a check draft in the signature blank, usually by a statement such as the following: "This draft is preauthorized by your depositor, no signature required.". [citation ...

  8. Demand draft - Wikipedia

    en.wikipedia.org/wiki/Demand_draft

    A specimen demand draft. A demand draft (DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts ...

  9. Cheque clearing - Wikipedia

    en.wikipedia.org/wiki/Cheque_clearing

    Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.