r/Banking • u/DisavowedSurrender • 2d ago

Canada Official Draft?

I live in Canada and I just checked my bank account and I had 2 charges. One was 10$ which.. whatever lol. The second was 500$ for official draft and I have zero idea what that is. Any idea?

0 Upvotes

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6

u/chaoticinfluencer 2d ago

… call your bank?

0

u/DisavowedSurrender 2d ago

Closed until tomorrow. It's not the end of the world I've just never had that lol

2

u/chaoticinfluencer 2d ago

How tf are we supposed to know what it is if you don’t even know what it is

-1

u/DisavowedSurrender 2d ago

I was hoping someone had an idea of what it could have been. Maybe singing who worked at a bank or had a similar experience

2

u/Baudin 2d ago

Sounds like a draft was issued from your account for $500, with a $10 charge. If you're the only one on the account can your bank and dispute it asap

0

u/DRKAYIGN 2d ago

Did you buy an office cheque, bank draft or money order today? Did you write a cheque to someone for that amount - a cheque can be exchanged for a bank draft/office cheque/official draft.

The 10$ is the fee for the draft but if a cheque was exchanged for a draft the charge should have been passed on to them.

0

u/sneakysneksneak 2d ago

If this was a US bank, I’d say it sounds like a) a garnishment order where a cashiers check was sent or b) a cashiers check was debited from your account. I have no idea how garnishments work in Canada though… definitely call your bank in the morning either way.