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A cashier's check is considered a secure form of payment, similar to cash, because the funds are guaranteed by the bank.

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AnswerBot

6mo ago

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Related Questions

What is a personal check for which a bank is guaranteed payment is called?

cashiers or bank check!


How do you get a cashiers check for making a large payment?

Go to a bank where you already have a banking relationship. Then ask the teller that you need to get a cashiers check issued. Normally a cashiers check will be preprinted with the 'Payable to' filled in, so you need to know who to make the check out to. They will deduct the amount from your bank account, so you need to have enough money in your account to cover it.


Who is the remitter on a cashiers check?

the person who is making the check.


Can you stop payment on a cashiers check?

Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.


Are money orders considered cash when making a purchase?

Money orders are not considered cash when making a purchase. They are a form of payment that is similar to a check, but are prepaid and guaranteed by the issuer.


What is the rule on placing a stop payment on an official check?

The bank cannot revoke its acceptance of an official check by stopping payment. Banks often pre-print a notice on the customer's copy of a cashiers check indicating it will not be replaced for 90 days if it is lost or stolen.


Can a cashiers check have a stop payment put on it by telephone?

if the check was made out to a company that is now being investigated, can it be stopped if it has not cleared the bank or if it has cleared the bank is there a 30,60 or 90 day rule?


Duties of cashier?

Cashiers are responsible for all payment transactions within a business. This includes cash, check, and credit card payments. Cashiers must also be able to count back the correct change and have a balanced cash drawer at the end of the shift.


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.


Does a cashiers check expire?

yes


Do you have to sign the bottom portion of a cashiers check before you give it to the payee?

Yes, you have to sign a cashiers check before you give it to a payee. Some cashiers checks do not have to be signed. If there is a space to sign, you need to sign.


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

cashiers check