Quote:
Originally Posted by Nufy
I paid for a bank draft from one bank when moving money around to pay contractors for some work...
Get to Royal Bank... Need to hold it for 2 weeks...
WTF !! I paid for a draft to avoid this. Teller wouldn't budge until I got a manager involved.
20 Years of Banking History and they still suspect me of fraud...FFS !!!
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Ohhh....I'd have been fataing LIVID!
The point of the Bank Draft is that the Bank guarantees that the funds are there. Thats why you pay for them. Otherwise its just a f'ing cheque that any old idiot can write at any time.
No sir. I'd not stand for that BS.
The whole point is the Bank guarantees the money, they hold the money in the account essentially on behalf of the recipient of the Draft so the issuer can't write the Draft (or cheque) drain the account and let it bounce.
Thats why you pay the money.