This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.
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A demand draft is a document that allows you to withdraw money from another person's bank account without needing a signature. The person that is withdrawing money will need to have routing and account numbers, in addition to the account holder's permission. Learn how to safely use a demand draft to easily transfer funds. [1] X Trustworthy Source US Consumer Financial Protection Bureau U.S. government agency for protecting consumers in the financial sector Go to source