Bank Draft

Easy Creation:
Create a bank draft online or by phone on Zil Money using the payer’s bank details and authorization.

Regular Payments:
Set up automatic recurring payments to receive regular client payments effortlessly.

Simple Deposit:
Print and deposit the bank draft like a regular check to collect payments.

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Zil Money, is a financial technology company, not a bank. Banking and money movement services are provided through partner financial institutions and licensed service providers. FDIC insurance coverage applies only to eligible deposit products and accounts, and is subject to applicable terms, conditions, limitations, and requirements. Additional information regarding partner institutions, products, and services is available in the applicable terms and agreements.

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A Man Using A Phone to Make a Payment. Easily Create a Bank Draft Online by Phone. Set Up One-Time and Recurring Payments, Print Drafts, and Manage Finances Securely Across Devices

Bank Draft by Phone

Bank Draft is acceptable over the phone using the platform. Enter client details and print the check with their authorization.

A Man Using A Phone to Make a Payment. Easily Create a Bank Draft Online by Phone. Set Up One-Time and Recurring Payments, Print Drafts, and Manage Finances Securely Across Devices

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Manage One-Time and Recurring Payments

Bank drafts can be set up for both one-time and recurring payments. This gives you the convenience of managing payments as needed for your business.

A Man Using A Laptop to Make a Payment. Easily Create a Bank Draft Online by Phone. Set Up One-Time and Recurring Payments, Print Drafts, and Manage Finances Securely Across Devices

Cross-Platform Support

Cross-platform support lets you manage bank drafts on any device. Access and process payments anytime from your computer, smartphone, or tablet.

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A Man Using A Tablet to Make a Payment. Easily Create a Bank Draft Online by Phone. Set Up One-Time and Recurring Payments, Print Drafts, and Manage Finances Securely Across Devices

All-In-one Platform

Zil Money is your one-stop solutionto manage business finances. Simplify money management with ACH, wire transfers, eChecks, payment links, and bank drafts.

A Man Using A Tablet to Make a Payment. Easily Create a Bank Draft Online by Phone. Set Up One-Time and Recurring Payments, Print Drafts, and Manage Finances Securely Across Devices

Frequently asked questions

What's bank draft?
A bank draft, also called a demand or check draft, is created by the vendor with approval from the account holder without requiring their signature. Check drafts provide the payee with a secure form of payment. You can create bank drafts in your phone instead of waiting for checks to arrive by mail. Simply send a link to your client’s phone or email and let them fill in the bank information and sign it.
Are bank drafts safe?
A bank draft is a safe form of payment because it is an official check that is printed and guaranteed by the bank. Additionally, they are more convenient method for transferring large sums of money.
Bank Draft vs Check
Bank draft is made by vendor or payee and approved by the payer or account holder. It is also called check draft and makes it possible to receive payments with no signature required. Whereas a check is a financial instrument issued along with the payer's signature, and the money is withdrawn from their account when the check is deposited. Zil Money allows creating bank drafts and getting payments by authorization of your payer.
Bank Draft vs Certified Check
Bank draft is made by vendor or payee and approved by the payer or account holder. It is also called check draft and makes it possible to receive payments with no signature required. A certified check includes the payer's signature, and the money is withdrawn from their account when the check is deposited. You can create bank drafts online on Zil Money by entering the client's bank details, which you can print and deposit like a regular check after client approval.