bankers draft

[WYCHWOODDAVE]

how safe is it to except a bankers draft?do i need to bank it before i release the sold goods.?is there anything i should look out for on the draft.?

[jills]

a bankers draft is basically just like a cheque....you should probably bank it and ensure all is OK before you release the goods.

[willow74]

I have accepted bankers drafts for cars previously and never had a problem. The bank will not issue a draft without firstly debiting the buyers account. They then credit the banks account with the accountees funds. Thus issuing you a bankers draft from their branch account. They always clear because its the banks money, not the buyers account. Just make sure its signed by an official person at the bank and is an official looking cheque with the logo on.

[PrettyAna80]

Bank logo and financial logo design is reviewed and described by Company Logos at http://www.companylogos.ws/articles.html