Remember that when you both go to bank for the draft ? A receipt is given to the person paying you .
You need a copy of that receipt for your bank in order to not have a hold on draft for 7 days .
Just FYI .
Exactly. However a lot of banks don’t actually hold back anything, discussed this with my bank in detail. They essentially do you a favour by checking the bank receipt, however if the bank draft is fake the money will be withdrawn from your account and it’s your problem (not the banks).
I’ve sold my two last trucks to Brokers, easiest process ever and offered the best price.