



Is a money order similar to a cheque or a draft? How does a payment order differ from a cheque and a draft?
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- - Handling time: 2-3 business days
- - Transit time: 7-10 business days
- Eligible for » Returns & Refund Policy « within 30 days from the date of delivery
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what is the difference between cheque and draft Informational
- Is a bank draft considered as good as certified funds?
- What are the cut-off times for cheque and draft deposits to be processed on the same day?
- How does endorsement affect the transferability of a bank draft? What is the holder in due course principle in relation to cheques?
- How do banks comply with regulatory requirements for large financial transactions involving cheques and drafts? What are the reporting obligations for suspicious cheque or draft transactions?
- What precautions should you take when accepting a bank draft? What is the definition of a drawer (in the context of a cheque)?
- How do banks train their staff to identify fraudulent cheques and drafts?
- What measures can businesses take to prevent losses due to fraudulent cheques? How can individuals safeguard themselves against bank draft scams?
- What are the legal implications of issuing a cheque?
- What is the role of the purchaser in a draft? What is the role of the payee in a cheque?
- What are the future scenarios for the coexistence of traditional and digital payment methods?
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