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banker's draft

(UK) 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 m

ˈbæŋkɚz ˈdɹæft168 viewsLast reviewed Jun 29, 2026+ Add a definition
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#1·Apr 27, 2026UK

(UK) 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.

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