: Automatically saves small amounts (between $0.01 and $5) into your savings every time you spend.
: A digital feature that "hides" your savings to help you reach goals by reducing the temptation to spend. southern*bank
While physical drafts are still used, offers several digital-first features that provide similar security and speed: : Automatically saves small amounts (between $0
A bank draft is often used for high-value transactions like purchasing a car or a house because it offers a higher level of security for the recipient. : Drafts include security features such as watermarks,
: Drafts include security features such as watermarks, serial numbers, and micro-encoding to prevent fraud.
: Typically, a bank draft remains valid for a period of three months from the date of issue. Modern Alternatives
: Because a bank draft is a prepaid instrument, the bank verifies that the funds are available before issuing it, ensuring it won't "bounce" like a personal cheque might.