While physical drafts are still used, offers several digital-first features that provide similar security and speed:
: Drafts include security features such as watermarks, serial numbers, and micro-encoding to prevent fraud. southern*bank
A bank draft is often used for high-value transactions like purchasing a car or a house because it offers a higher level of security for the recipient. While physical drafts are still used, offers several
: Because a bank draft is a prepaid instrument, the bank verifies that the funds are available before issuing it, ensuring it won't "bounce" like a personal cheque might. While physical drafts are still used