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: A digital feature that "hides" your savings to help you reach goals by reducing the temptation to spend.

A bank draft is often used for high-value transactions like purchasing a car or a house because it offers a higher level of security for the recipient.

: Automatically saves small amounts (between $0.01 and $5) into your savings every time you spend. southern*bank

At , a Bank Draft functions as a company cheque made out to a specific payee in a specified currency, providing a secure alternative to personal cheques for making major payments. Great Southern Bank Draft Features

: Typically, a bank draft remains valid for a period of three months from the date of issue. Modern Alternatives : A digital feature that "hides" your savings

While physical drafts are still used, offers several digital-first features that provide similar security and speed:

: Because a bank draft is a prepaid instrument, the bank verifies that the funds are available before issuing it, ensuring it won't "bounce" like a personal cheque might. At , a Bank Draft functions as a

: Through the International Services feature, you can request drafts in various foreign currencies to make international payments easily.