Financial Tips

Last month we discussed the risks of using a bank draft to send money by mail or courier, namely, what can happen if a bank draft is lost in transit. This month, we will be addressing a different wrinkle relating to bank drafts – crossing the border. As reported by CBC in July of this…

Banks often portray bank drafts as a safe and convenient way to move large sums of money. What is frequently left out of the conversation is what will happen if the bank draft gets lost before being cashed. To see how important this can be, one need only look to the plight of Ms. Lorette…