Check Draft or remotely created check print instantly using OnlineCheckWriter.com. Get authorization from your payer through phone or online and create checks instantly using our software. You can print the bank draft with no payer signature and deposit it in the bank to collect the amount. Also, with our recurring bank draft, you can collect payments from your payers regularly without any dues.
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What is Check Draft?
A check draft, also called demand draft or bank draft, is a vendor-created check with the authorization of the payer or account holder. The vendor or merchant can make it with approval from the account holder without a signature. It can also be used as a payment method, just like a check. Unlike checks, the issuing bank will provide a guarantee for the bank draft. Bank drafts offer the payee a secure form of payment.
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As a cloud-based, next-generation check printing software, OnlineCheckWriter.com provides you a free and secure platform to print your checks and send them through electronic or physical mail. The software makes check printing easy by printing it on any paper using any printer at your office desk.
Check Draft by Phone
Accept your check draft over the phone, no need to wait for checks to arrive in the mail from your client. Choose any template, and enter your client’s information, including bank routing numbers and account numbers. Then you print the check by any printer on behalf of them with their authorization. This check comes without a signature, and it states, ‘No signature required and approved by the depositor.’ Deposit this to the bank just like you deposit a regular check. You can do it for a one-time payment or recurring payments. Also, you are open to various payments according to the agreement you have with your clients.
FREQUENTLY ASKED QUESTIONS
What is a bank draft check?
A bank draft check is a check that does not require a signature but must be approved by the account holder by the bank.
What is a draft check?
A draft check is the same as a bank draft check and does not require a signature but must be approved by the account holder through the bank.
Bank Draft vs Check
The issuing bank guarantees a bank draft, whereas a check is written by the payer to the payee and not guaranteed.
Check and Draft
Checks are drawn on a current account holder of a bank account, whereas drafts are drawn by one bank branch to another of the same bank and guaranteed. Drafts are based on real money in the account, so when the draft is issued, money is used.
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