A draft to be technical about it is drawn on a Bank.
It can only be stopped if Lost or Stolen.
If its in your name and if its your account then:
- ask the Bank whether its 'lost' or 'stolen' ?
- if they answer that it could be lost, clearly it isnt and if its stolen sue them for slander if anybody is in earshot.
The reality is that there are fraudulent drafts around, and the banks systems dont cater for the technicality of a mere draft.
I did write to Department of Finance on the matter of 'clearing' cycles as it is a farce, as 99.6% of cheques DONT bounce. Despite having the background in these matters, I was amazed when Finance trotted out what I would could only describe as patent nonsense.
Given IFSRA follow every dog fight in town - regardless of merits - you could stick in an official complaint. You have a case.