What is another word for bank draft?
Pronunciation: [bˈaŋk dɹˈaft] (IPA) 
Bank drafts are financial instruments that are used in making payments or as a means of transferring funds. They are also called a cashier's check, bank check, or demand draft. A bank draft is a secure way of transferring money as it eliminates the risk of a personal check bouncing or being stolen. Another synonym for bank draft is a certified check, as it bears the bank's guarantee that there is sufficient funds available to cover the payment. A money order is also a synonym for bank draft as it functions in the same way. Other related terms include traveler's checks and electronic funds transfer. These synonyms all describe secure and convenient ways of transferring funds.
