cashier's checks
Guaranteed bank payments
A cashier's check is a check guaranteed by a bank rather than by an individual account holder.
The bank withdraws the funds from the purchaser's account immediately and issues the check drawn on its own reserves, making it more secure than a personal check.
Cashier's checks are typically required for large transactions like home purchases or car sales where the recipient needs assurance the payment won't bounce.
The title company required a cashier's check at closing.
Person owed payment
- endorsementFormal expression of support
- remittanceFunds sent elsewhere
- settlementResolved dispute or colony
- clearingTreeless space in forest
payment order · receipt · reconciliation · escrow · down payment · earnest money · international transfer · traceable
Guaranteed payment instrument
- tellerOne who counts
- drawerSliding furniture compartment
- draweeParty directed to pay
- account holderOne with bank access
face value · denomination · stop payment · expiration date · reissuance
Bank-verified payment amount
- irrevocableCannot be undone
- fraud protectionDefenses against deceptive schemes
- watermarkTranslucent authentication mark
- security featuresProtective design elements
verification · authentication · counterfeit · forgery · bank guarantee · signature verification · theft protection
payee
Person owed payment
- endorsementFormal expression of support
- remittanceFunds sent elsewhere
- settlementResolved dispute or colony
clearing · payment order · receipt · reconciliation · escrow · down payment · earnest money · international transfer · traceable · deposit
bank draft
Guaranteed payment instrument
account holder · face value · denomination · stop payment · expiration date · reissuance
certified funds
Bank-verified payment amount
- irrevocableCannot be undone
- fraud protectionDefenses against deceptive schemes
- watermarkTranslucent authentication mark
security features · verification · authentication · counterfeit · forgery · bank guarantee · signature verification · theft protection
- financial instrumentspromissory notes, bond fund, cheque, government bond, bank drafts
- secure documentsbanknotes, passports, certificates, ID cards, birth certificates
- negotiable instrumentsbill of exchange, promissory note, promissory notes, bank draft, cheque
cashier's checksrubber checks
Payments returned for insufficient funds
bad checks · bounced checks · personal checks · hot checks · IOUs
cashier's checkscash
Ready spending funds
currency · paper money · coins · cryptocurrency · barter
check, checked, checking, cashier, checks, checkout, checker, cashing, cashed