Southern*bank May 2026

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.

: Drafts include security features such as watermarks, serial numbers, and micro-encoding to prevent fraud.

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

: Typically, a bank draft remains valid for a period of three months from the date of issue. Modern Alternatives

: 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. A bank draft is often used for high-value

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

: Automatically saves small amounts (between $0.01 and $5) into your savings every time you spend. : Typically, a bank draft remains valid for

: For small business owners, this digital feature automates invoice generation with built-in card payment capabilities to help you get paid faster. Foreign Currency Cheque Conversion - Great Southern Bank