When it comes to major purchases, secure transactions are crucial. As a buyer, you want to get your money into the right hands as soon as possible. And as the payee, you want to ensure your payment is legitimate. While personal checks work in some situations, a bank draft can be a better option when the stakes are high. Bank drafts make it possible to make large payments safely and securely. Learn more about bank drafts, how they work, and their pros and cons. What is a bank draft? A bank draft — also ...