A bank draft is a check drawn by a bank on its own funds (or credit) in another bank located in the same city or another city.

Name: A bank draft is a check drawn by a bank on its own funds (or credit) in another bank located in the same city or another city.
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A bank draft is indeed a check that is drawn by a bank on its own funds but payable through another bank, either in the same city or a different one. It is a secure way of payment as the funds are guaranteed by the issuing bank.

A Bank Draft Is a Check Drawn by a Bank