certified cheque
Funds-verified bank draft
A certified cheque is a personal cheque that the bank has verified and guaranteed, confirming that sufficient funds exist and have been set aside in the account.
The bank stamps or marks the cheque as certified, making it more secure than a regular cheque for large transactions: The landlord required a certified cheque for the security deposit.
Spelled certified check in American English.
- money orderPrepaid negotiable instrument
- stampMark-making device
- signatureHandwritten name for verification
- bank draftGuaranteed payment instrument
- letter of creditBank-backed payment promise
fraud prevention · watermark · bearer bond · cash payment · overdraft protection · electronic funds transfer · payee · bank guarantee · drawer · ink · direct deposit · teller · wire transfer · paper · receipt · payment processing · account holder · date
- cheques
- bankingbank, banks, ATM, ATMs, account
- Canadian FinanceRBC, Bank of Canada, Scotiabank, BMO, loonie
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