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Considered as a secure mode of payment, the demand draft is known to be hard to forge or counterfeit as the customer (drawer) must pay the bank before the DD is issued. DDs are also known to be more ...

A demand draft is a negotiable instrument offered by a bank and is non-transferable. It is issued by a bank and is drawn by a "Drawer" who makes the payment. The drawer instructs the bank to make a ...

Marcie Geffner is an award-winning reporter, editor, and writer. Her stories about banking, credit cards, insurance, economics, small business, and other subjects have been featured by the Los Angeles ...

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national ...

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Investing.com-- Oil prices settled higher Monday, benefiting from stronger-than-expected Chinese manufacturing activity data, suggesting a recovery in the world’s second-largest... Investing.com-- ...