money order vs bank draft
Pay order also called Bankers Cheque is a type of payment which gets cleared in the same branch of the bank which issued it where demand drafts are a mode of payment which. A money order allows you to transfer funds up to 99999. Doc Chapter Five Cash And Receivables Muler Melak Academia Edu Canada Post charges 750 per money order. . A Bank Draft is a physical means of providing payment to a third party. Once you send the order your financial institution freezes an amount from your account. If you need a larger amount than 1000 then a bank draft is probably a better way to go than a money order. The actual amount might be slightly higher or lower. Generally credit unions charge less than the big banks for money orders approx. Bank drafts and money orders are more secure way of. Money orders are available only to TD Bank customers and are subject to a fee. This is to enable the payee to make the eligible withdraw from your account.
