A draft is sometimes the most convenient form for collecting an account.
The prevalence of the custom is due to the fact that most men will wait
to be asked to pay a debt. If a draft is a time draft it is accepted by
the person on whom it is drawn by writing his name and date across the
face. This makes it practically a note, to be paid at maturity.
Notes or drafts that you desire to have collected for you by your bank
should be left at the bank several days before they are due, so as to
give ample time to notify the payers.