> Differences between cheque and bankdraft?

Differences between cheque and bankdraft?

Posted at: 2014-12-05 
A bank draft is money debited from any one of various account to another and then authorized through the bank transfer between the two banks.

And a cheque is done by the number on it's serial between the authorization between the other account going to a source.

A bank draft is guaranteed to be paid by the issuing bank a cheque isn't.