how a bank draft works
you have several options available to make secure certified payment options including certified checks wire transfers and bank drafts certified payment options give the payee more security because the funds are guaranteed bank drafts also called banker s drafts bank check or teller s check are guaranteed by the issuing bank in many cases for a large amount of money you may be required to provide a bank draft when you make payment for a major purchase such as for a down payment to buy property 1