BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A certified check is a personal check that the bank has certified and it’s drawn on personal funds. The certification process physically marks the check indicating it is now a certified check and earmarks the funds for that check. Most banks won’t release those funds for any other reason.

Detailed explanation-2: -Cashier’s checks are signed by the bank while certified checks are signed by the consumer. Cashier’s checks and certified checks are both official checks issued by a bank.

Detailed explanation-3: -The payee’s name should already be printed on a cashier’s check (this is done at the bank by a teller). If the payee line is blank, the check is fake. A genuine cashier’s check always includes a phone number for the issuing bank. That number is often missing on a fake check or is fake itself.

Detailed explanation-4: -Both cashier’s checks and certified checks are official checks that are guaranteed by a bank. Compared to personal checks, cashier’s checks and certified checks are generally viewed as more secure and less susceptible to fraud.