What Is a Certified Cashier's Check?

A cheque issued by the bank as its own payer. For the invoicing bank, the cashier's check can also be called "our bank check". This type of check was first adopted by major US banks. In order to facilitate the payment of employees' salaries and avoid the hassle of paying cash, these banks issue checks to their employees for payment by the Bank. Since both the payer and the payer of the cashier's check are banks, the check has a high degree of credit [1] .

IN OTHER LANGUAGES

Was this article helpful? Thanks for the feedback Thanks for the feedback

How can we help? How can we help?