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Whats the difference between a bank draft and a certified cheque?

April 26, 2017Bank Business certified Cheque difference draft Finance

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Whats the difference between a bank draft and a certified cheque?

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A real certified check (they can be faked), is guaranteed by the bank to be good. A bank draft can be either a bank issued check issued against your account or a bank issued check drawn against a separate clearing account at the bank.