A bank draft is a payment method where the bank guarantees the payment on behalf of the person making it. It is like a check provided by the bank, making sure the recipient will receive the money. Full definition
Fortunately, these days, a large majority of my clients are urged to pay by automatic bank draft, and most do, to avoid these problems. (thelifeinsurancelawyer.com)
If you normally pay by bank draft, you can simplify things by switching the payments over to your credit card and writing just one check at the end of the month. (creditdonkey.com)
Your deposit must be made by way of money order or by way of bank draft or cheque certified by a bank or trust corporation. (ontariotaxsales.ca)