BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Cashier’s Check: A check drawn by the bank on itself, rather than on a drawer’s account, which constitutes the bank’s (i) promise to pay the payee on presentment and (ii) assumption of liability if the bank fails to pay. A teller’s check is usually drawn by a bank on another bank.

Detailed explanation-2: -July 29, 2022. Cashier’s checks are bank-issued checks that draw from the bank’s own funds rather than an individual’s bank account. These checks can be safer than other payment methods, including other types of checks, depending on the usage.

Detailed explanation-3: -3. When a bank draws a check on itself, the check is called a cashier’s check.

Detailed explanation-4: -Also called a cashier check or bank draft, a cashier’s check is a check that is issued and guaranteed by a bank.

Detailed explanation-5: -Cashier’s checks can be purchased at banks and credit unions. If you have a bank account, your bank might not charge you a fee for a cashier’s check, or you may be charged less than a non-customer. Not all banks issue cashier’s checks to people who don’t have accounts with them, but many banks do.