Couple’s cash crisis prompts calls for phasing out of bank drafts

THE Consumer Association of Ireland has called for the phasing out of bank drafts because of concerns over their security.

Association chief executive Dermot Jewell asked that businesses stop encouraging the use of bank drafts for payment purposes and warned consumers not to purchase them except in specific circumstances.

The calls come as a Dublin couple moving to Britain for their retirement face financial hardship after a draft representing the proceeds from the sale of their house went missing in the post.