Bank draft automatic form 2025

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Depending on your institution, you can complete the process electronically rather than visit a brick-and-mortar banking location. Some banks may also allow business owners to submit requests via fax. The easiest way to secure a bank draft is by requesting one from your bank.
Be sure that you use the original version of the cheque, not a photocopy, PDF or printout and that the cheque hasnt already been deposited. Money orders, bank drafts, certified cheques and travelers cheques may also be eligible for electronic deposit. Check with your financial institution.
The Automatic Bank Draft program saves you time and money by doing the work of paying your monthly utility bill on time for you. Its also free and you can elect to discontinue the program at any time. Once you enroll, your bank or savings account is drafted for the amount of your monthly utility bill.
You can also visit the issuing bank to verify the authenticity of the draft. Further, it is important to make sure that the draft is not crossed out or stained, and that it is dated and signed by the issuing bank.
You can get a bank draft at your financial institution, whether its online or offers physical branch access. Online banks typically let you request a bank draft from your online account or by phone. Once you request a bank draft, the money will typically leave the payers account immediately.
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Online Process of Creating DD Log in to your banks official website and access your Internet banking account. Find your online banking accounts Request and Enquiries section. Click the Issue Demand Draft option. Select the bank account from which you want the DD amount deducted.

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