BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A cashier’s check (or cashier’s cheque, cashier’s order) is a check guaranteed by a bank, drawn on the bank’s own funds and signed by a cashier. Cashier’s checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount.

Detailed explanation-2: -What are cashier’s checks? Cashier’s checks are checks guaranteed by a financial institution, drawn from its own funds and signed by a cashier or teller.

Detailed explanation-3: -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-4: -Also called a cashier check or bank draft, a cashier’s check is a check that is issued and guaranteed by a bank. Here’s a look at why you might want to use a cashier’s check and how to get one the next time someone requests that form of payment.

Detailed explanation-5: -A cashier’s check is a check drawn from the bank’s own funds, not yours, and signed by a cashier or teller. Unlike a regular check, the bank, not the check writer, guarantees payment of a cashier’s check. A cashier’s check can also be called an official check.