A banker’s cheque is acquired specifically for remittance purposes, it is available to all customers (non-account holders included). The customer is required to notify the bank 24 hours prior for a banker’s cheque to be prepared. The banker’s cheque is representative of the amount deposited with service charges applied. The cheque is then signed by bank managers on behalf of the bank as drawer and issued to the customer for their use.

Features and benefits

• The banker’s cheque is an affordable and secure way to transfer large sums of cash
• They can also be used locally or internationally
• Banker’s cheques’ can be used as travel funds
• After drafts are deposited, there is normally a delay of several days for clearance before you can withdraw cash
• Drafts are available in selected major currencies at selected bank branches
• Lost or stolen drafts can be stopped and replacements issued (subject to terms and conditions)