Can you send a bank draft by mail
In most cases, it is not possible to send a bank draft by mail. Bank drafts are typically issued by a bank and are a type of cashier's check, which is a check drawn on the bank's own funds. They are usually used for large transactions or for transactions where the payee requires a more secure form of payment.
Bank drafts are typically issued in person at a bank branch or through a bank's online banking platform. Once issued, the bank draft is usually mailed or delivered to the payee.
However, there are a few exceptions where a bank draft might be sent by mail:
- Online bank draft: Some banks offer online bank drafts, which can be ordered and sent electronically. In this case, the bank draft would be sent to the payee via mail or email.
- Pre-paid bank draft: Some companies or individuals may purchase a pre-paid bank draft, which is a type of bank draft that can be used to make a payment. In this case, the pre-paid bank draft would be sent to the payee via mail.
- Special arrangements: In some cases, a bank may make special arrangements to send a bank draft by mail, such as for a large or complex transaction. However, this would typically require prior approval and coordination with the bank.
It's worth noting that bank drafts are generally more secure and reliable than personal checks, but they may also take longer to process and clear. If you're considering using a bank draft for a payment, it's a good idea to check with the payee to confirm their acceptance of this form of payment and to discuss any specific requirements or procedures they may have.