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Are bank drafts transferrable

  • 12-01-2010 5:04pm
    #1
    Solomon Careful Waste
    Posts: 0 ✭ Solomon Careful Waste


    I want to get some An Post Savings Certificates but in my father's name. If I get a bank draft made payable to An Post and give it to my Dad can he then go in and successfully apply? I've tried transferring the cash from my account to his with online banking but there seems to be a €13K limit.

    I can't remember if it says on a bank draft from where it's coming from....thnks for any help!


Comments

  • #2
    Jet Black
    Registered Users, Registered Users 2 Posts: 3,845 ✭✭✭Jet Black


    I dont think it does say the payers name just the payees name. Im almost sure. What you could do is transfer part of the funds today and the rest tomorrow or go to the bank and ask them to do it.


  • #3
    Solomon Careful Waste
    Posts: 0 ✭ Solomon Careful Waste


    Jet Black wrote: »
    I dont think it does say the payers name just the payees name. Im almost sure.
    Excellent, thats what I thought too
    What you could do is transfer part of the funds today and the rest tomorrow or go to the bank and ask them to do it.

    Ask the bank? I don't think they do bank to bank transfers in UB. I know it sounds ridiculous but I can remember a teller informing me of that admittedly a few years ago.


  • #4
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    A cheque or draft payable to An Post should be perfectly acceptable.

    My father recently gave me a cheque payable to An Post for savings certs for his grandchildren - not a problem


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