Afternoon All I'm an auditor for a bank, and I just thought I'd let you know about a scam that seems to be growing. Be very cautious if you sell your car and accept a bankers draft. All drafts go through the clearing cycle, and therefore are normally available to draw on the fourth working day. However, fraudulent drafts are being paid in, and being 'late' returned, anytime up to a week later, which means your draft looks like it's available, but beware, it may not be. The banks are quite within their rights to debit your account at a later date should the draft be returned. Believe it or not, unpaid cheques and drafts are still returned using the post. If they get delayed your account could get debited at a later date even though the funds appear to be cleared. A common myth is that drafts are guarenteed form of payment. If you accept one, the only way to be sure it's genuine, and to guarentee payment, is to call the drawing bank to establish if it is legitamate or not. The fraudulent drafts I've recently been made aware of are circulating in the Yorkshire area, and have been drawn on fake Natwest and Bank of Scotland accounts. Hope this helps anyone thinking of accepting a draft. Make sure it's real!!