What is a banker's draft and how do I get one?
A banker's draft is useful for larger purchases. It is secure because only the named payee can use the draft.
To get a draft, go to any branch and speak to a cashier or Personal Banker. You can also call Telephone Banking and arrange for your details to be faxed through to the branch of your choice for collection. You'll need to tell us who the banker's draft will be paid to (the 'payee') and the amount. When you collect the draft you'll need to provide two forms of identification. A member of staff will then sign the draft and the funds will immediately be debited from your account. The charge is £15 for Personal Banking customers.
Please note: 24 hours' notice is required
Ensure that you keep the draft safe as it can only be replaced if you accept the risk that the original draft is presented at any time during the six years after it is issued, and only then if we consider that you are creditworthy for this potential liability.
