answersLogoWhite

0


Best Answer

A certified check passes through certification process of the bank to verify that there are adequate funds to pay the check while a cashier's check is drawn by the bank against it's own funds

User Avatar

Wiki User

โˆ™ 2013-06-22 02:08:01
This answer is:
User Avatar
Study guides

A survey question that asks you to write a brief explanation is called

Auto correlation and cross correlation

If a married man cheats does that mean there are problems in his marriage

The nature-nurture question asks whether

โžก๏ธ
See all cards
4.25
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
501 Reviews

Add your answer:

Earn +20 pts
Q: What is the difference between a certified check and a cashiers check?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the difference between a cashiers check and a certified check and a bank check?

There is no real difference, just different names for the same idea. A cashier's/bank/certified check is a check which a guarantor, normally a bank, has written in exchange for cash or immediate withdrawal from a depositor's account. The funds are collected in advance by the bank so the payee (to whom the check is payable) has guarantee that they will be paid when the check is properly negotiated.


What is the difference between a certified check and an official check?

In banking terminologies and conventions an 'official check' is an ambiguous and unofficial term. However there are money orders, bank orders, certified checks, and cashier checks. All of these are guaranteed notes of funds by the issuing banks. The differences between them are in their monetary amounts. Money orders in the United States can be up to and around 500$ whereas certified funds such as cashiers checks are used to purchase homes and major financial transactions worth hundreds of thousands to millions.


What is the difference between a certified check and a cashier's check?

A certified check passes through certification process of the bank to verify that there are adequate funds to pay the check while a cashier's check is drawn by the bank against it's own funds


How do you buy a home with cash?

Usually you provide a cashiers' check or a certified check. A wire transfer can also be used. You can save quite a bit of closing costs when you are paying cash for a home.


How can you get a copy of a cashier's check?

You can get a copy of a cashiers check from the bank that it was purchased. You can also view the cashiers check online through your bank.


Who is the remitter on a cashiers check?

the person who is making the check.


Does a cashiers check expire?

yes


How do you issue a cashiers check?

A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.


A written check that the bank certifies is called a?

cashiers check


What is a check written by a bank on its own funds?

cashiers check


What is the difference between a personal check and a cashier's check?

== == Cashier's checks or Money Orders are certified checks because you must have cash to purchase these negotiable items, and these items are often insured by the issuing bank. Personal checks are not certified funds.


What is the difference between a money order and cashiers check?

Certified checks are rarely used in today's banking world. They formerly signified that a bank was certifying that the funds represented by the customer's check were actually in the account. They are so uncommon that I've had a handful of bankers call me over the last ten years asking about the procedure for creating a certified check! They had never had the occasion to certify one before. A cashier's check is a check drawn by a bank on an account maintained at the same bank. A money order can be a one-shot checking account, or can be the equivalent of a cashier's check, depending on how it is made up, who the drawer is, what it is drawn on.

People also asked