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What is the difference between a certified check and an official check?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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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.
Can you return a certified check?
Certified cheques are bank certified in order to enable them to be received as cash. You cannot return a certified cheque, but you can cash it in.
Where can you purchase a certified check?
At a bank.
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.
Where can you cash a certified check?
At your local bank
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
What is the difference between a certified check and a cashiers 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
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 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 check valve and nonreturn valve?
There is no difference between check valve and NRV, both are same
Where is the Brazilian blow out available in Greece?
The stylist should be officially trained & certified by Brazilian blowout usa. There are several paces. Check with the official site.
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 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.
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 the difference between a used car and certified used car?
Marketing. It means some company wrote up a check list that they say makes it certified. So if BMW headquarters makes up a list, and dealer checks it off, it is certified 'by BMW standards'. Kind of like the Academy Awards - a self serving item so a company can promote themselves. I'm an officially certified Ski Bum. I wrote the list of what it takes to certify a ski bum, and had my son check it off for me. Great marketing. What would you like to be certified in? That's how much it means.
Is there a time limit for cashing a certified check?
is there a money amout the bank will no cash on a certified check?
What is the difference between spell check and autocorrect?
spell check depends on dictionary but auto correct depend on entries which are pre entered
