: Drafts include security features such as watermarks, serial numbers, and micro-encoding to prevent fraud.
A bank draft is often used for high-value transactions like purchasing a car or a house because it offers a higher level of security for the recipient.
: Typically, a bank draft remains valid for a period of three months from the date of issue. Modern Alternatives southern*bank
At , a Bank Draft functions as a company cheque made out to a specific payee in a specified currency, providing a secure alternative to personal cheques for making major payments. Great Southern Bank Draft Features
: Automatically saves small amounts (between $0.01 and $5) into your savings every time you spend. : Drafts include security features such as watermarks,
: Through the International Services feature, you can request drafts in various foreign currencies to make international payments easily.
: A digital feature that "hides" your savings to help you reach goals by reducing the temptation to spend. Modern Alternatives At , a Bank Draft functions
While physical drafts are still used, offers several digital-first features that provide similar security and speed: