What is the meaning of Bank Draft?

Bank Draft is a payment method where your loan payment is automatically deducted from your checking or savings account, so you don't have to mail in your payment each month.

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APABarry Goldsmith. (2010). bank draft. Retrieved September 21, 2026, from http://smartdefine.org/bank_draft/definitions/1148323
ChicagoBarry Goldsmith. 2010. "bank draft" http://smartdefine.org/bank_draft/definitions/1148323 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, bank draft, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/bank_draft/definitions/1148323>.
MLABarry Goldsmith. "bank draft" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/bank_draft/definitions/1148323>
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