With so many financial tools available today, few stand out. So what's the difference between them? Read on for a full breakdown of bank drafts vs money orders.

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...

Bank drafts, certified cheques and money orders are all secure alternatives to cash, but they differ in availability, amount limits and cost. Many or all of the products on this page are from partners ...