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Money order/bankers draft

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ghart | 13:42 Fri 27th Aug 2004 | Business & Finance
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what is a bankers draft? How do i recieve a money order from over seas?
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A bankers draft is like a cheque, but it differs in the respect that 1. that amount of funds must be avaliable in your account and 2. it can only be cashed by the person it is made out to. You can get them from you account holding Bank by request.
15:28 Fri 27th Aug 2004
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I think a money order is a similar thing except you take the cash along to a post office, they make out the money order and you then post it.
15:29 Fri 27th Aug 2004

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