banker's draft

noun

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.

Meanings

nounbanker's draft (plural banker's drafts or bankers' drafts)

plural banker's drafts · plural bankers' drafts · alternative banker's draught

  1. UKA 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.

    Synonyms: cashier's check

Synonyms & antonyms

nounA 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.

More synonyms by meaning

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

Similar
Broader
draftbill of exchangeorder of payment

Synonym sets from Open English WordNet, CC BY 4.0.

Cite this entry
APA

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

MLA

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

Chicago

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

Source: banker's draft on Wiktionary, CC BY-SA 4.0.