bank draft

A form of banker's draft — A type of financial instrument, used similarly to a cheque to make a payment or transfer money, but drawn on funds already taken from the payer's account and held by the bank, and hence seen as more certain of being honoured than a personal cheque.

Similar
banker's draft
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Meanings

nounbank draft (plural bank drafts)

plural bank drafts

  1. alternativeAlternative form of banker's draft.

Synonyms & antonyms

nouna draft drawn by a bank against funds deposited in another bank

Similar
banker's draft
Broader
draftbill of exchangeorder of payment
Also see
banker's draft

Synonym sets from Open English WordNet, CC BY 4.0.

Cite this entry
APA

bank draft. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/bank%20draft

MLA

“bank draft.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/bank%20draft. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “bank draft,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/bank%20draft.

Source: bank draft on Wiktionary, CC BY-SA 4.0.