Southern*bank

: 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 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

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

: 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 : Because a bank draft is a prepaid

: 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. : A digital feature that "hides" your savings

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