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Deposit the bank draft into an automated teller machine. Since a bank draft is as good as cash, you can place the draft into a deposit envelope at your bank's ATM and use your ATM card to complete the transaction. If you need the funds quickly, check with your bank to find out if it puts a hold on deposits over a certain amount.
Money Orders and Bank Drafts are payment orders for pre-determined amount of money.Both money orders and bank drafts are used to pay money to a third party. Bank drafts and money orders are more secure way of payment compared to personal or business cheques, because they require that the amount specified on them is pre-paid.
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Bank customers will still not be able to cash checks, only deposit them into their accounts. In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($84 CDN) but added a weekly limit. For example, a depositor who doesn't withdraw cash on Monday can withdraw 120 euros ($168) on Tuesday, and so on, up to 420 euros ($590) a week.
The ongoing crisis prompted an outflow of deposits of about 30 billion euros ($33.8 billion) from Greek lenders between October and April, the central bank says. Unlike mass withdrawals in 2012.
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