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cashiers check
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Who can certify a check?
Only the bank can certify a check, or someone at the bank. Usually, the bank will not certify a personal check, they will issue what is called a "certified check". A certified check is guaranteed to have available funds by the bank that certifies it. Certified means the funds are held aside. Anyone with a certified check made out to them can go to that bank and collect cash. In days of banking past, you could have a personal or business check certified by the bank, and they would stamp the check "certified" and hold the funds aside on that item. Now, the bank will just issue a certified check after taking the money from your account and the certified check will be drawn on the bank's account. This answer is for the U.S. banking system.
What is a written order directing the bank to deduct money from your checking account to make a payment called?
a check
Can a check written by a deceased person be cashed?
It is highly unlikely that a bank will cash a check written by a deceased person. The bank has no way to verify that the check was written before the death.
What is a personal check for which a bank is guaranteed payment is called?
cashiers or bank check!
Define first party check?
The definition of a first party check is a check written directly to another person. They are then cashed or deposited by that person.
What is a check written by a bank on its own funds?
cashiers check
Do you need a bank account to cash a check?
No. Take the check to the bank that it is written on. Some banks will charge you a fee for cashing the check if you don't have an account with the bank, but they will cash the check.
Who is a paying banker in relation to cheques?
The paying bank is the bank on which the check is written.
Can you cash a check written to your nickname?
No. The name written in a check must match the identity card you have or the name that is available in your valid bank account. If they don't match, the bank will not cash the check.
How does a check go through the banking process from the time it is written to the time it is reconciled with your bank statement?
The first step in the process of how a check goes through the banking process from the time it is written to the time it is reconciled with your bank statement is that the recipient lodges the check into their bank account. The bank then has to clear the check with the bank that the check is from, known as check clearing. This process can take a few days. The recipients' account is credited with the amount that the check was written for and the account of the person who wrote the check is debited for the same amount.
Requesting that your bank refuses to pay a check you wrote is called?
It is called cancelling a check
What is the maximum value for a Bank of America check?
The maximum value of a Bank of America check can only be determined if the check is a hand-written personal check, cashier's check, or a Bank of America money order check. All are different.
