Thread: Bankers Draft
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Old 9th June 2009, 02:00 PM
chrosmond chrosmond is offline
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Originally from england. Expat in canada.
Default Bankers Draft

Thanks to everyone for their replies. I've ordered the draft today from HBOS, it seemed quite painless. The only thing is, is that it's not drawn on a Canadian bank and we couldn't find anywhere that would do that. We'll just have to hope it doesn't matter.

Quote:
Originally Posted by Auld Yin View Post
Well I can't address the regulations of banks in the UK or Cyprus but having worked for a major Canadian bank for 40 years I can assure you in Canada a bank draft is guaranteed funds. If the funds in one's account are not "clear" then a draft would not be issued. A Canadian bank would never deny payment of its own paper unless fraud was involved and only then as a last resort.
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