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== == 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.

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17y ago

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

cashiers or bank check!


What is safer a cashiers check or a personal check?

A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).


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 business check and a personal check?

The main difference between a business check and a personal check is the purpose for which they are used. A business check is typically used for transactions related to a business or company, while a personal check is used for individual or personal transactions. Additionally, business checks often have the company's name and logo printed on them, while personal checks usually have the individual's name and address.


What is the difference between a desk check and a personal check?

A desk check is a type of check that is not issued by a bank and is used for internal record-keeping purposes only. A personal check is issued by an individual and drawn on their personal bank account to make payments to others.


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.


Who is the remitter on a cashiers check?

the person who is making the check.


Does a cashiers check expire?

yes


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.


When the bankruptcy court directs you to forward your income taxes to them for the next 5 years do you send them the actual original check or deposit it and mail a personal cashiers check?

You deposit the check and send them a cashier's check or money order. (Unless the Trustee accepts personal checks)


What is the difference between a personal check and a business check?

A personal check is issued by an individual for personal use, while a business check is issued by a company for business transactions. Business checks often have the company's name and logo printed on them, while personal checks typically have the individual's name and address.


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

cashiers check