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Old 18-07-07, 01:23 PM   #5
Steve H
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Default Re: Bankers Draft....any experience???

Quote:
Originally Posted by skint View Post
Its kind of a guaranteed payment so good for the seller they don't have to wait for the cheque to clear before knowing its safe to let you run with their bike.

Crap for buyer because charges can be rediculous IMO. See if they will accept an online payment into their bank account before you collect. Much easier
The online payment will still have to clear.
A 'genuine' Bankers Draft' is NOT cleared funds, but is a Guarantee of payment for the seller. The bank is likely to charge you for this, but when don't they?
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