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The Tangerine website says that it takes 2 - 3 days to get the bank draft couriered out.
Deposit cheques instantly from your mobile device using the Cheque-In feature on your Mobile App. Order a bank draft online and have it delivered to your door.
All you need is the recipient's name and account information. A great alternative to cheques with instant access to funds, no holds, and no risk of lost or stolen cheques.
The easiest way to secure a bank draft is by requesting one from your bank. But many banks allow you to obtain a draft even if you don't have an account. In this case, you'll have to pay upfront, using cash or a debit card, but the bank can issue you a check once they have these funds.
The bank then prepares the draft with your name and the amount you are paying the third party, the payee. The draft has a serial number, watermarks, and may even have micro-encoding that identifies it as a legitimate form of payment.