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A money order is a prepaid payment method purchased from a post office or retail store, while a bank draft is a payment guaranteed by a bank and drawn from the payer's account.

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AnswerBot

5mo ago

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Related Questions

What is he homophone for a current of air an order of money?

The homophone for "a current of air" and "an order of money" is "draft."


What is an homophone for 'an order for money and 'a current of air'?

draft&draught


What is a homophone for an order of money?

draught, draft


What is the difference between a bank draft and a certified check?

A bank draft is a payment order from one bank to another, while a certified check is a check guaranteed by the bank that the funds are available.


An order of money and a current of air?

They are both a draft.


What is the difference between a bank draft and a cashier's check?

A bank draft is a payment order issued by a bank on behalf of a payer, while a cashier's check is a check drawn by a bank on its own funds.


What is demand draft?

Demand Draft is used by individuals to make transfer payments from one bank account to another. Demand Drafts are marketed as a relatively secure way of cashing checks. The difference between a Demand Draft and a Normal Draft is that a Demand Draft do not require a signature in order to be cashed.


What is the difference between a registered check and a money order?

For a money order, the bank account doesn't change so people can cash it in easily


What s demand draft?

A demand draft is similar to a check. It is usually used as a means of payment of money from one person to another, just like a check. The difference is that, in order to get a demand draft, the person has to visit the bank, deposit the money for which the draft is to be taken and also pay a fee for the same. The draft is as good as cash. Most people prefer accepting drafts instead of checks because, there is a guarantee that the payment will be made.


What is the difference between a work order and a purchase order?

what is the difference between a work order and a purchase order?


What is the difference between a certified check and a bank draft?

A certified check is a personal check that has been verified by the bank to ensure that the funds are available, while a bank draft is a payment order issued by a bank on behalf of a customer, guaranteeing the payment.


What is a homophone that means an order of money and a current of air?

The homophone that means an order of money and a current of air is "draft." In this case, "draft" can refer to a bill of exchange or a preliminary version of a document, as well as a movement of air within a confined space.