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When the persone receiving the check, the payee, wants to ensure that there are sufficient funds and that the check wont bounce. A certified check is as good as cash and a more secure method of payment for the payee.
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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.
Is a certified check the same as a cashier's check?
no
Can a certified check be fraudulent?
It is possible to counterfeit a certified cheque. It is easier to do so than to counterfeit paper money, but paper money does not usually leave a "paper trail" whereas a counterfeit certified cheque usually would.
Do you sign a certified check?
yes
Can you return a certified check that is not used?
no
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.
Can you put a stop payment on a certified check?
No, one cannot put a stop payment on a certified check. The point of issuing a certified check is to guarantee that the check can be cashed immediately - like cash.
What is a certified check?
A certified check, also referred to as a cashier's check, is a check that has already been paid for so you don't have to wait for it to clear your account. Generally, certified checks do not have an expiration date on them.
Is there a time limit for cashing a certified check?
is there a money amout the bank will no cash on a certified check?
Where can I find lessons online to become certified in interior design?
There are several places you can do this. I would check out http://www.interiordecoratingschool.com/, where you can get certified in as little as 12 weeks.
Is a certified check the same as a cashier's check?
no
What is certified checks?
A certified check, also referred to as a cashier's check, is a check that has already been paid for so you don't have to wait for it to clear your account. Generally, certified checks do not have an expiration date on them.
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