Question

How drafts are prepared by the banks?

Answer 1

obtained a bank drafts required depositing funds equal to the check amount and application fees with the issues bank the bank create check to the paye draw to the bank own account because the money is drawn upon and issued by bank, a bank draft guarantee the ability of the underlying funds.

Answer 2

a bank draft is a payment on behalf of a payer that is guaranteed by the issuing bank . Once it has been confirmed that sufficient funds are available the bank effectively sets aside the fund from the persons account to be given out when the bank draft is used . Hope it helps .