For example Britain has many clearing banks. Show source/s Plain English Campaign Give feedback This page was not useful This page was useful Thank you for your feedback. If you have another few minutes please take the time to tell us about our new Dictionary service. Thank you for your answer, if you can tell us more that would really help Update
Banker's draft A cheque drawn by a bank on itself. It is used when there must be certainty that a cheque will be paid.
Cheque A written order, addressed to a bank, instructing the bank to pay an amount of money to the person or organisation named on the cheque. The bank takes the money out of the relevant customer's account.