Bank Draft
Check draft is checks created remotely, and the merchant who has created the bank draft and the customer authorizes it. As the merchant created the bank draft checks and not by the customer, there will be no signature present on the bank draft checks. Zil Money helps create and cash bank draft at a good speed and helps keep a proper record of the same. The authorization the customer for the merchant may come by using a telephone or can be by fax or by mail.
All the required banking information will be provided by the customer, who included the account number and the bank routing number. As the customer is just authorizing the merchant to create the check, the customer’s signature will be missing from the bank draft. In the place of the signature, it carries a statement saying that “authorized by the drawer.”
Check Draft from Zil Money
It is a fact that a lot of entities have less idea regarding the bank draft. Zil money assists the users in creating a bank draft remotely. Zil Money helps create the bank draft. After creating the bank draft, it is possible to top deposit to the bank account as it is done with the regular check. In short, Zil Money provides the cheapest way of paying using a check draft, and it is the most reliable way of creating a check draft.
Who uses Check Draft from Zil Money?
Check drafts from Zil Money are commonly used by most credit card companies, utility companies, and insurance companies. Another set of customer s that is using Zil Money check draft is landlord and marketers. This method of Check draft provides the fastest way of payments from a remote place.
Instead of checks directly, these types of checks can be created remotely and can be cashed at any time. Banks drafts are easily prone to check frauds; however, Zil Money provides complete protection to the check drafts.